Cloud Peak Energy Given BB+ Credit Rating by Morningstar (CLD)
Cloud Peak Energy (NYSE:CLD) has earned a “BB+” credit rating from Morningstar. The firm’s “BB+” rating indicates that the company is an above-average default risk. They also issued a positive credit outlook for the company and gave their stock a four star rating.
A number of other analysts have also recently weighed in on CLD. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Cloud Peak Energy in a research note on Wednesday. They now have a $17.50 price target on the stock, down previously from $20.00. Separately, analysts at FBR Capital Markets cut their price target on shares of Cloud Peak Energy from $25.00 to $21.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Cloud Peak Energy from $24.00 to $20.00 in a research note on Wednesday, July 30th. They now have an “outperform” rating on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Cloud Peak Energy has a consensus rating of “Buy” and an average price target of $20.56.
Shares of Cloud Peak Energy (NYSE:CLD) opened at 14.23 on Friday. Cloud Peak Energy has a 1-year low of $14.06 and a 1-year high of $22.43. The stock has a 50-day moving average of $15.55 and a 200-day moving average of $18.39. The company has a market cap of $861.0 million and a price-to-earnings ratio of 61.34.
Cloud Peak Energy (NYSE:CLD) last announced its earnings results on Tuesday, July 29th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $320.85 million for the quarter, compared to the consensus estimate of $333.90 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that Cloud Peak Energy will post $-0.01 earnings per share 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).
To view more credit ratings from Morningstar, visit www.morningstar.com.
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