Zacks Investment Research upgraded shares of Cloud Peak Energy Inc. (NYSE:CLD) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. The firm currently has $6.25 target price on the mining company’s stock.
According to Zacks, “Cloud Peak Energy operates as a producer of low sulfur, high quality, sub-bituminous coal in the United States. It owns and operates three surface coal mines in the Powder River Basin named: Antelope, Cordero Rojo and the Spring Creek Mine. The Antelope Mine and Cordero Rojo Mine are located in Wyoming and the Spring Creek Mine is located near Decker, Montana. The company is headquartered in Gillette, Wyoming. “
Separately, FBR & Co boosted their price target on shares of Cloud Peak Energy from $1.25 to $1.75 and gave the stock an underperform rating in a report on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. Cloud Peak Energy presently has a consensus rating of Hold and a consensus target price of $7.28.
Cloud Peak Energy (NYSE:CLD) opened at 5.55 on Tuesday. The firm’s 50 day moving average is $4.54 and its 200-day moving average is $2.94. Cloud Peak Energy has a 12 month low of $1.08 and a 12 month high of $5.85. The firm’s market cap is $327.48 million.
Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, July 28th. The mining company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.79. The firm earned $174.20 million during the quarter, compared to analysts’ expectations of $171.57 million. Cloud Peak Energy had a negative net margin of 16.17% and a positive return on equity of 3.70%. The business’s revenue was down 28.6% on a year-over-year basis. During the same period last year, the company earned ($0.87) earnings per share. On average, equities analysts forecast that Cloud Peak Energy will post ($0.51) EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Menta Capital LLC raised its stake in shares of Cloud Peak Energy by 5.4% in the first quarter. Menta Capital LLC now owns 56,312 shares of the mining company’s stock valued at $110,000 after buying an additional 2,898 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Cloud Peak Energy during the first quarter valued at approximately $1,025,000. A.R.T. Advisors LLC raised its stake in shares of Cloud Peak Energy by 137.5% in the first quarter. A.R.T. Advisors LLC now owns 399,680 shares of the mining company’s stock valued at $779,000 after buying an additional 231,400 shares in the last quarter. Brandes Investment Partners LP bought a new stake in shares of Cloud Peak Energy during the second quarter valued at approximately $145,000. Finally, Oxford Asset Management raised its stake in shares of Cloud Peak Energy by 15.0% in the second quarter. Oxford Asset Management now owns 1,060,830 shares of the mining company’s stock valued at $2,185,000 after buying an additional 138,461 shares in the last quarter. 77.18% 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). The Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine, and the Spring Creek Mine. The Company operates through two segments: Owned and Operated Mines segment, and Logistics and Related Activities.
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