Cloud Peak Energy Inc (NYSE:CLD)’s share price fell 9.3% during mid-day trading on Tuesday . The company traded as low as $3.01 and last traded at $3.02. 1,095,338 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 1,032,800 shares. The stock had previously closed at $3.33.

A number of brokerages recently issued reports on CLD. ValuEngine lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Friday. Stifel Nicolaus set a $6.00 target price on shares of Cloud Peak Energy and gave the company a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. BMO Capital Markets set a $4.00 target price on shares of Cloud Peak Energy and gave the company a “hold” rating in a research report on Saturday, August 5th. Finally, BidaskClub lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. Cloud Peak Energy has an average rating of “Hold” and a consensus target price of $5.41.

The stock’s 50-day moving average price is $3.25 and its 200 day moving average price is $3.74. The company’s market capitalization is $226.90 million.

Cloud Peak Energy (NYSE:CLD) last announced its earnings results on Thursday, July 27th. The mining company reported ($0.04) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.04). Cloud Peak Energy had a positive return on equity of 0.54% and a negative net margin of 0.47%. The company had revenue of $229.20 million during the quarter, compared to analyst estimates of $236.94 million. During the same period last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 31.6% compared to the same quarter last year. Equities research analysts forecast that Cloud Peak Energy Inc will post ($0.49) earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in CLD. Precocity Capital LP acquired a new stake in Cloud Peak Energy in the first quarter worth about $5,267,000. MARSHALL WACE ASIA Ltd acquired a new stake in Cloud Peak Energy in the first quarter worth about $5,249,000. Marshall Wace North America L.P. acquired a new stake in Cloud Peak Energy in the first quarter worth about $5,249,000. Renaissance Technologies LLC increased its position in Cloud Peak Energy by 35.6% in the first quarter. Renaissance Technologies LLC now owns 3,795,600 shares of the mining company’s stock worth $17,384,000 after purchasing an additional 996,600 shares during the period. Finally, State Street Corp increased its position in Cloud Peak Energy by 231.3% in the second quarter. State Street Corp now owns 1,329,134 shares of the mining company’s stock worth $4,691,000 after purchasing an additional 927,987 shares during the period. Hedge funds and other institutional investors own 81.14% of the company’s stock.

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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). 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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