Cloud Peak Energy Inc (CLD) Issues Quarterly Earnings Results
Cloud Peak Energy Inc (NYSE:CLD) released its quarterly earnings data on Thursday. The mining company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01, Briefing.com reports. The firm had revenue of $249.00 million for the quarter, compared to analyst estimates of $254.82 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 for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 EPS.
Shares of Cloud Peak Energy (CLD) opened at 4.49 on Friday. The company’s market capitalization is $337.34 million. The firm has a 50-day moving average of $3.70 and a 200-day moving average of $3.52. Cloud Peak Energy has a one year low of $2.78 and a one year high of $8.04.
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Several brokerages have recently commented on CLD. Zacks Investment Research upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Thursday, October 19th. Stifel Nicolaus restated a “buy” rating and set a $6.00 price target on shares of Cloud Peak Energy in a research note on Friday, October 13th. ValuEngine lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. BMO Capital Markets set a $4.00 price target on shares of Cloud Peak Energy and gave the stock a “hold” rating in a research note on Saturday, August 5th. Finally, BidaskClub lowered shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $5.25.
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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