Zacks Investment Research upgraded shares of Cloud Peak Energy Inc (NYSE:CLD) from a sell rating to a hold rating in a research report released on Tuesday morning.

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 equities analysts have also weighed in on CLD. BMO Capital Markets set a $4.00 target price on shares of Cloud Peak Energy and gave the company a hold rating in a report on Tuesday, July 4th. Stifel Nicolaus reaffirmed a buy rating and set a $6.00 target price on shares of Cloud Peak Energy in a report on Friday, July 21st. BidaskClub lowered shares of Cloud Peak Energy from a hold rating to a sell rating in a report on Tuesday, July 25th. Finally, ValuEngine lowered shares of Cloud Peak Energy from a buy rating to a hold rating in a report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Cloud Peak Energy has an average rating of Hold and a consensus target price of $5.41.

Shares of Cloud Peak Energy (CLD) opened at 3.32 on Tuesday. The stock’s market capitalization is $249.43 million. Cloud Peak Energy has a 52 week low of $2.78 and a 52 week high of $8.03. The stock has a 50 day moving average of $3.15 and a 200-day moving average of $3.63.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of CLD. Louisiana State Employees Retirement System increased its holdings in Cloud Peak Energy by 23.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the mining company’s stock worth $140,000 after acquiring an additional 5,800 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Cloud Peak Energy by 44.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,200,432 shares of the mining company’s stock worth $5,498,000 after acquiring an additional 368,260 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Cloud Peak Energy by 25.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 95,198 shares of the mining company’s stock worth $435,000 after acquiring an additional 19,366 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Cloud Peak Energy by 28.2% in the 1st quarter. Bank of New York Mellon Corp now owns 622,393 shares of the mining company’s stock worth $2,851,000 after acquiring an additional 136,738 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in Cloud Peak Energy by 78.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 24,555 shares of the mining company’s stock worth $112,000 after acquiring an additional 10,801 shares in the last quarter. 81.14% of the stock is owned by 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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