FBR & Co restated their sell rating on shares of Cloud Peak Energy Inc. (NYSE:CLD) in a research note published on Thursday morning. The brokerage currently has a $4.00 price objective on the mining company’s stock, up from their prior price objective of $1.75.
Separately, Zacks Investment Research cut shares of Cloud Peak Energy from a buy rating to a hold rating in a research note on Monday, August 1st. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Cloud Peak Energy presently has a consensus rating of Hold and a consensus price target of $7.28.
Shares of Cloud Peak Energy (NYSE:CLD) traded up 0.90% during trading on Thursday, reaching $5.60. The company had a trading volume of 790,238 shares. Cloud Peak Energy has a 12-month low of $1.08 and a 12-month high of $5.85. The company’s market cap is $330.43 million. The firm has a 50-day moving average of $4.49 and a 200-day moving average of $2.91.
Cloud Peak Energy (NYSE:CLD) last released its earnings results on Thursday, July 28th. The mining company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.79. Cloud Peak Energy had a negative net margin of 16.17% and a positive return on equity of 3.70%. The business earned $174.20 million during the quarter, compared to analysts’ expectations of $171.57 million. During the same quarter last year, the company earned ($0.87) earnings per share. The firm’s revenue was down 28.6% on a year-over-year basis. On average, equities research analysts anticipate that Cloud Peak Energy will post ($0.51) EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of CLD. Menta Capital LLC boosted its position in Cloud Peak Energy by 5.4% in the first quarter. Menta Capital LLC now owns 56,312 shares of the mining company’s stock worth $110,000 after buying an additional 2,898 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Cloud Peak Energy by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 295,424 shares of the mining company’s stock worth $609,000 after buying an additional 10,413 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Cloud Peak Energy by 17.6% in the second quarter. Cubist Systematic Strategies LLC now owns 99,374 shares of the mining company’s stock worth $205,000 after buying an additional 14,887 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Cloud Peak Energy by 3.4% in the second quarter. Guggenheim Capital LLC now owns 485,049 shares of the mining company’s stock worth $999,000 after buying an additional 15,851 shares in the last quarter. Finally, Towle & Co. raised its stake in shares of Cloud Peak Energy by 1.1% in the second quarter. Towle & Co. now owns 2,508,786 shares of the mining company’s stock worth $5,168,000 after buying an additional 27,630 shares in the last quarter. Institutional investors own 77.13% of the company’s stock.
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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