Zacks Investment Research downgraded shares of Cloud Peak Energy Inc (NYSE:CLD) from a hold rating to a sell rating in a report published on Thursday.

According to Zacks, “Cloud Peak Energy operates as a producer of low sulfur, high quality, sub-bituminous coal in the United States. It owns and operates three surface coal mines in the Powder River Basin named: Antelope, Cordero Rojo and the Spring Creek Mine. The Antelope Mine and Cordero Rojo Mine are located in Wyoming and the Spring Creek Mine is located near Decker, Montana. The company is headquartered in Gillette, Wyoming. “

Several other research analysts have also issued reports on the company. J P Morgan Chase & Co upgraded Cloud Peak Energy from a neutral rating to an overweight rating and set a $7.00 price objective for the company in a research note on Monday, January 30th. BMO Capital Markets reiterated a hold rating and set a $7.00 price objective on shares of Cloud Peak Energy in a research note on Thursday, December 29th. MKM Partners began coverage on Cloud Peak Energy in a research note on Tuesday, December 20th. They set a neutral rating and a $6.00 price objective for the company. Stephens reiterated a neutral rating on shares of Cloud Peak Energy in a research note on Wednesday, November 2nd. Finally, Seaport Global Securities began coverage on Cloud Peak Energy in a research note on Wednesday, November 2nd. They set a neutral rating and a $7.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Cloud Peak Energy has an average rating of Hold and an average target price of $8.78.

Analyst Recommendations for Cloud Peak Energy (NYSE:CLD)

Shares of Cloud Peak Energy (NYSE:CLD) opened at 6.25 on Thursday. The firm’s market capitalization is $369.40 million. The firm has a 50-day moving average of $5.55 and a 200-day moving average of $5.25. Cloud Peak Energy has a one year low of $1.39 and a one year high of $8.03.

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Several hedge funds have recently made changes to their positions in CLD. Bank of Montreal Can acquired a new stake in shares of Cloud Peak Energy during the third quarter worth $109,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Cloud Peak Energy by 242.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,011 shares of the mining company’s stock worth $123,000 after buying an additional 15,590 shares during the period. Trexquant Investment LP acquired a new stake in shares of Cloud Peak Energy during the fourth quarter worth $150,000. Mountain Lake Investment Management LLC acquired a new stake in shares of Cloud Peak Energy during the third quarter worth $168,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Cloud Peak Energy by 7.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,280 shares of the mining company’s stock worth $187,000 after buying an additional 2,270 shares during the period. Institutional investors own 70.96% 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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