Cloud Peak Energy Inc (CLD) Raised to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Cloud Peak Energy Inc (NYSE:CLD) from a strong sell rating to a hold rating in a research report report published on Tuesday.
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 brokerages have also commented on CLD. MKM Partners reaffirmed a neutral rating and issued a $4.00 price objective (down previously from $6.00) on shares of Cloud Peak Energy in a report on Wednesday, May 10th. Stifel Nicolaus set a $7.00 price objective on Cloud Peak Energy and gave the stock a buy rating in a report on Monday, May 1st. Jefferies Group LLC began coverage on Cloud Peak Energy in a report on Tuesday, March 7th. They issued a hold rating and a $5.00 price objective for the company. Finally, FBR & Co raised Cloud Peak Energy from an underperform rating to a market perform rating and set a $4.00 price objective for the company in a report on Thursday, March 23rd. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $5.91.
Cloud Peak Energy (NYSE CLD) opened at 3.01 on Tuesday. Cloud Peak Energy has a 1-year low of $1.81 and a 1-year high of $8.03. The company has a market capitalization of $216.76 million, a PE ratio of 5.03 and a beta of 1.47. The company has a 50 day moving average of $3.40 and a 200 day moving average of $4.64.
Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings results on Thursday, April 27th. The mining company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.28. Cloud Peak Energy had a return on equity of 4.00% and a net margin of 4.68%. The business had revenue of $195.73 million during the quarter, compared to analysts’ expectations of $233.58 million. During the same quarter in the prior year, the firm earned ($0.53) EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts predict that Cloud Peak Energy will post ($0.38) earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Advantage Investment Management LLC acquired a new position in Cloud Peak Energy during the fourth quarter worth $388,000. Thrivent Financial for Lutherans increased its stake in 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 in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in 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 in the last quarter. Two Sigma Investments LP purchased a new stake in Cloud Peak Energy during the fourth quarter worth approximately $4,364,000. Finally, A.R.T. Advisors LLC increased its stake in Cloud Peak Energy by 1,056.2% in the fourth quarter. A.R.T. Advisors LLC now owns 150,300 shares of the mining company’s stock worth $843,000 after buying an additional 137,300 shares in the last quarter. 81.45% of the stock is owned by hedge funds and other institutional investors.
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). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities.
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