Cloud Peak Energy Inc (CLD) Upgraded to C- at TheStreet
Cloud Peak Energy Inc (NYSE:CLD) was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating in a report issued on Friday.
A number of other brokerages have also recently commented on CLD. Zacks Investment Research cut shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Stifel Nicolaus set a $6.00 target price on shares of Cloud Peak Energy and gave the stock a “buy” rating in a report on Friday, August 25th. ValuEngine lowered shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, BMO Capital Markets set a $4.00 target price on shares of Cloud Peak Energy and gave the stock a “hold” rating in a report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.38.
Cloud Peak Energy (NYSE CLD) opened at 4.36 on Friday. Cloud Peak Energy has a 12-month low of $2.78 and a 12-month high of $8.03. The firm has a 50-day moving average of $3.80 and a 200 day moving average of $3.51. The company’s market capitalization is $327.57 million.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings results on Thursday, October 26th. The mining company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. The business had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $254.82 million. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. Analysts forecast that Cloud Peak Energy will post ($0.44) EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System increased its holdings in Cloud Peak Energy by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock worth $108,000 after acquiring an additional 100 shares during the period. KCG Holdings Inc. bought a new position in shares of Cloud Peak Energy in the 1st quarter worth $112,000. Hartford Investment Management Co. bought a new position in shares of Cloud Peak Energy in the 2nd quarter worth $119,000. AJO LP bought a new position in shares of Cloud Peak Energy in the 2nd quarter worth $120,000. Finally, IndexIQ Advisors LLC bought a new position in shares of Cloud Peak Energy in the 2nd quarter worth $123,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.
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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