Cloud Peak Energy Inc (NYSE:CLD) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Other research analysts have also issued research reports about the stock. Stifel Nicolaus set a $7.00 price target on shares of Cloud Peak Energy and gave the company a “buy” rating in a research note on Monday, May 1st. BMO Capital Markets set a $4.00 price objective on shares of Cloud Peak Energy and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Zacks Investment Research upgraded shares of Cloud Peak Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 20th. MKM Partners reiterated a “neutral” rating and issued a $4.00 price objective (down previously from $6.00) on shares of Cloud Peak Energy in a research note on Wednesday, May 10th. 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 investment analysts have rated the stock with a sell rating, eight have assigned 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 price target of $5.41.
Cloud Peak Energy (NYSE:CLD) opened at 3.35 on Friday. The stock’s market cap is $251.70 million. Cloud Peak Energy has a 52 week low of $2.91 and a 52 week high of $8.04. The stock’s 50 day moving average is $3.49 and its 200 day moving average is $4.21.
Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings results on Thursday, July 27th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04). Cloud Peak Energy had a negative net margin of 0.47% and a positive return on equity of 0.55%. The business had revenue of $229.20 million for the quarter, compared to analyst estimates of $236.94 million. During the same quarter in the prior year, the business posted $0.48 EPS. Cloud Peak Energy’s revenue for the quarter was up 31.6% compared to the same quarter last year. Analysts predict that Cloud Peak Energy will post ($0.41) EPS for the current year.
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A number of hedge funds have recently made changes to their positions in the company. Comerica Bank increased its stake in shares of Cloud Peak Energy by 0.9% in the fourth quarter. Comerica Bank now owns 62,956 shares of the mining company’s stock worth $351,000 after buying an additional 556 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of 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 during the period. USA Financial Portformulas Corp purchased a new stake in shares of Cloud Peak Energy during the fourth quarter worth about $231,000. Highbridge Capital Management LLC purchased a new stake in shares of Cloud Peak Energy during the fourth quarter worth about $1,164,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of Cloud Peak Energy by 23.5% in the first quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the mining company’s stock worth $140,000 after buying an additional 5,800 shares during the period. 81.52% of the stock is currently 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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