Cloud Peak Energy Inc. (CLD) Forecasted to Post Q4 2016 Earnings of ($0.19) Per Share
Cloud Peak Energy Inc. (NYSE:CLD) – Research analysts at FBR & Co cut their Q4 2016 EPS estimates for Cloud Peak Energy in a note issued to investors on Thursday. FBR & Co analyst L. Pipes now forecasts that the brokerage will post earnings of ($0.19) per share for the quarter, down from their prior forecast of ($0.13). FBR & Co currently has a “Sell” rating and a $4.00 target price on the stock. FBR & Co also issued estimates for Cloud Peak Energy’s FY2017 earnings at ($0.14) EPS and FY2018 earnings at ($0.44) EPS.
Separately, Zacks Investment Research lowered shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Cloud Peak Energy has an average rating of “Hold” and an average target price of $7.28.
Cloud Peak Energy (NYSE:CLD) opened at 5.55 on Monday. The firm’s 50-day moving average is $4.54 and its 200-day moving average is $2.94. The firm’s market cap is $327.48 million. Cloud Peak Energy has a 12 month low of $1.08 and a 12 month high of $5.85.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings data on Thursday, July 28th. The mining company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.79. The firm had revenue of $174.20 million for the quarter, compared to the consensus estimate of $171.57 million. Cloud Peak Energy had a negative net margin of 16.17% and a positive return on equity of 3.70%. The firm’s revenue was down 28.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.87) earnings per share.
Several institutional investors have recently bought and sold shares of CLD. P.R. Herzig & Co. Inc. raised its position in Cloud Peak Energy by 92.2% in the third quarter. P.R. Herzig & Co. Inc. now owns 174,500 shares of the mining company’s stock valued at $949,000 after buying an additional 83,700 shares during the period. Numeric Investors LLC raised its stake in Cloud Peak Energy by 63.9% in the second quarter. Numeric Investors LLC now owns 768,111 shares of the mining company’s stock worth $1,582,000 after buying an additional 299,511 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Cloud Peak Energy by 17.6% in the second quarter. Cubist Systematic Strategies LLC now owns 99,374 shares of the mining company’s stock worth $205,000 after buying an additional 14,887 shares in the last quarter. Paloma Partners Management Co raised its stake in Cloud Peak Energy by 475.8% in the second quarter. Paloma Partners Management Co now owns 267,546 shares of the mining company’s stock worth $551,000 after buying an additional 221,084 shares in the last quarter. Finally, Schneider Capital Management Corp raised its stake in Cloud Peak Energy by 10.8% in the second quarter. Schneider Capital Management Corp now owns 434,626 shares of the mining company’s stock worth $895,000 after buying an additional 42,240 shares in the last quarter. Institutional investors own 77.18% of the company’s stock.
Cloud Peak Energy Company Profile
Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River basin (PRB). The Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine, and the Spring Creek Mine. The Company operates through two segments: Owned and Operated Mines segment, and Logistics and Related Activities.
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