Cloud Peak Energy Inc. (CLD) Stock Rating Reaffirmed by FBR & Co
Cloud Peak Energy Inc. (NYSE:CLD)‘s stock had its “sell” rating restated by equities researchers at FBR & Co in a research note issued to investors on Thursday. They currently have a $4.00 price target on the mining company’s stock, up from their prior price target of $1.75. FBR & Co’s price objective suggests a potential downside of 27.93% from the company’s previous close.
Separately, Zacks Investment Research raised Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research report on Tuesday, October 11th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.28.
Shares of Cloud Peak Energy (NYSE:CLD) opened at 5.55 on Thursday. The company’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. The firm’s 50-day moving average price is $4.54 and its 200-day moving average price is $2.94.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings results on Thursday, July 28th. The mining company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.79. The company had revenue of $174.20 million for the quarter, compared to analyst estimates of $171.57 million. Cloud Peak Energy had a positive return on equity of 3.70% and a negative net margin of 16.17%. Cloud Peak Energy’s revenue was down 28.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.87) earnings per share. Equities analysts predict that Cloud Peak Energy will post ($0.51) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Menta Capital LLC increased its position in shares of Cloud Peak Energy by 5.4% in the first quarter. Menta Capital LLC now owns 56,312 shares of the mining company’s stock valued at $110,000 after buying an additional 2,898 shares in the last quarter. Brandes Investment Partners LP acquired a new position in shares of Cloud Peak Energy during the second quarter valued at approximately $145,000. LMR Partners LLP acquired a new position in shares of Cloud Peak Energy during the second quarter valued at approximately $157,000. JPMorgan Chase & Co. acquired a new position in shares of Cloud Peak Energy during the second quarter valued at approximately $199,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of 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 valued at $205,000 after buying an additional 14,887 shares in the last quarter. Hedge funds and other institutional investors own 77.18% of the company’s stock.
About Cloud Peak Energy
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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