Cloud Peak Energy (CLD) Posts Quarterly Results
Cloud Peak Energy (NYSE:CLD) announced its earnings results on Tuesday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.01, Analyst Ratings News reports. The company had revenue of $374.80 million for the quarter, compared to the consensus estimate of $384.71 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was down 12.0% on a year-over-year basis.
Cloud Peak Energy (NYSE:CLD) traded down 0.50% during mid-day trading on Tuesday, hitting $15.90. 1,349,066 shares of the company’s stock traded hands. Cloud Peak Energy has a 52-week low of $15.15 and a 52-week high of $22.31. The stock has a 50-day moving average of $16.08 and a 200-day moving average of $17.56. The company has a market cap of $961.0 million and a price-to-earnings ratio of 7.31.
Several analysts have recently commented on the stock. Analysts at FBR Capital Markets cut their price target on shares of Cloud Peak Energy from $19.00 to $18.00 in a research note to investors on Wednesday, October 16th. They now have a “market perform” rating on the stock. On the ratings front, analysts at Stifel Nicolaus upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, October 8th. They now have a $18.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Cloud Peak Energy from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, October 7th. They now have a $14.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $17.61.
Cloud Peak Energy Inc (NYSE:CLD) is a holding company that manages its wholly owned subsidiary Cloud Peak Energy Resources LLC (CPE Resources).
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