Cloud Peak Energy Rating Lowered to Sector Perform at Iberia Capital (CLD)
Cloud Peak Energy (NYSE:CLD) was downgraded by equities research analysts at Iberia Capital from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on CLD. Analysts at Clarkson Capital upgraded shares of Cloud Peak Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 23rd. They now have a $23.00 price target on the stock, up previously from $17.00. Separately, analysts at FBR Capital Markets upgraded shares of Cloud Peak Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, January 10th. They now have a $24.00 price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Cloud Peak Energy in a research note on Tuesday, November 26th. They now have a $19.00 price target on the stock, up previously from $18.00. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.67.
Shares of Cloud Peak Energy (NYSE:CLD) opened at 18.90 on Tuesday. Cloud Peak Energy has a 1-year low of $14.25 and a 1-year high of $20.30. The stock’s 50-day moving average is $17.98 and its 200-day moving average is $16.50. The company has a market cap of $1.147 billion and a P/E ratio of 22.02.
Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.06. The company had revenue of $353.20 million for the quarter, compared to the consensus estimate of $363.56 million. During the same quarter last year, the company posted $0.54 earnings per share. Cloud Peak Energy’s revenue was down 5.8% compared to the same quarter last year. Analysts expect that Cloud Peak Energy will post $0.64 EPS for the current fiscal year.
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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