Jefferies Group Equities Analysts Increase Earnings Estimates for Cloud Peak Energy Inc (CLD)
Cloud Peak Energy Inc (NYSE:CLD) – Equities research analysts at Jefferies Group lifted their FY2018 earnings per share (EPS) estimates for Cloud Peak Energy in a research note issued on Thursday. Jefferies Group analyst C. Lafemina now anticipates that the mining company will post earnings of ($0.11) per share for the year, up from their prior estimate of ($0.16). Jefferies Group also issued estimates for Cloud Peak Energy’s FY2019 earnings at ($0.02) EPS, FY2020 earnings at $0.26 EPS and FY2021 earnings at $0.21 EPS.
Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus set a $6.00 target price on Cloud Peak Energy and gave the stock a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research upgraded Cloud Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine cut Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, BMO Capital Markets set a $4.00 target price on Cloud Peak Energy and gave the stock a “hold” rating in a research note on Saturday, August 5th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $5.29.
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Shares of Cloud Peak Energy (CLD) traded up 17.20% during trading on Monday, hitting $4.36. 2,085,718 shares of the stock traded hands. Cloud Peak Energy has a 1-year low of $2.78 and a 1-year high of $8.03. The stock has a 50 day moving average price of $3.44 and a 200-day moving average price of $3.53. The stock’s market cap is $327.57 million.
Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). The company had revenue of $229.20 million for 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 company’s revenue was up 31.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CLD. Great West Life Assurance Co. Can raised its stake in shares of Cloud Peak Energy by 25.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 95,198 shares of the mining company’s stock worth $435,000 after purchasing an additional 19,366 shares during the period. Bank of New York Mellon Corp raised its stake 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 valued at $2,851,000 after acquiring an additional 136,738 shares during the period. BNP Paribas Arbitrage SA raised its stake 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 valued at $112,000 after acquiring an additional 10,801 shares during the period. Comerica Bank raised its stake in Cloud Peak Energy by 27.3% in the 1st quarter. Comerica Bank now owns 80,137 shares of the mining company’s stock valued at $283,000 after acquiring an additional 17,181 shares during the period. Finally, Texas Permanent School Fund raised its stake in Cloud Peak Energy by 21.1% in the 1st quarter. Texas Permanent School Fund now owns 54,276 shares of the mining company’s stock valued at $249,000 after acquiring an additional 9,453 shares during the period. Institutional investors own 81.14% 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). 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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