ValuEngine Downgrades Cloud Peak Energy Inc (NYSE:CLD) to Hold

Cloud Peak Energy Inc (NYSE:CLD) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday, July 28th.

A number of other equities research analysts have also recently commented on CLD. Stifel Nicolaus set a $7.00 target price on shares of Cloud Peak Energy and gave the company a “buy” rating in a research report on Monday, May 1st. MKM Partners reissued a “neutral” rating and set a $4.00 target price (down previously from $6.00) on shares of Cloud Peak Energy in a research report on Wednesday, May 10th. Zacks Investment Research cut shares of Cloud Peak Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 23rd. 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 Tuesday, July 4th. Finally, BidaskClub cut shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $5.41.

Shares of Cloud Peak Energy (CLD) traded down 0.32% during midday trading on Friday, hitting $3.13. 634,807 shares of the company traded hands. The stock’s market capitalization is $235.16 million. Cloud Peak Energy has a 52 week low of $2.90 and a 52 week high of $8.03. The company has a 50-day moving average price of $3.49 and a 200-day moving average price of $4.16.

Cloud Peak Energy (NYSE:CLD) last posted its earnings results on Thursday, July 27th. The mining company reported ($0.04) 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 0.54%. The company had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $236.94 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. Cloud Peak Energy’s revenue for the quarter was up 31.6% compared to the same quarter last year. Analysts anticipate that Cloud Peak Energy will post ($0.45) earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Cloud Peak Energy by 17.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,399,249 shares of the mining company’s stock worth $20,148,000 after buying an additional 647,650 shares in the last quarter. Renaissance Technologies LLC boosted 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 buying an additional 996,600 shares in the last quarter. Vanguard Group Inc. boosted its position in Cloud Peak Energy by 27.9% in the first quarter. Vanguard Group Inc. now owns 3,581,492 shares of the mining company’s stock worth $16,403,000 after buying an additional 782,138 shares in the last quarter. Kopernik Global Investors LLC boosted its position in Cloud Peak Energy by 51.7% in the first quarter. Kopernik Global Investors LLC now owns 2,708,218 shares of the mining company’s stock worth $12,404,000 after buying an additional 923,452 shares in the last quarter. Finally, Gendell Jeffrey L raised its stake in Cloud Peak Energy by 69.3% in the first quarter. Gendell Jeffrey L now owns 2,253,554 shares of the mining company’s stock worth $10,321,000 after buying an additional 922,752 shares during the last quarter. 82.03% of the stock is owned by institutional investors and hedge funds.

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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