Cloud Peak Energy Inc. (NYSE:CLD) Given Consensus Recommendation of “Hold” by Analysts
Shares of Cloud Peak Energy Inc. (NYSE:CLD) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $3.24.
A number of analysts have commented on the company. Zacks Investment Research lowered Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Monday, August 1st. FBR & Co lifted their price objective on Cloud Peak Energy from $1.25 to $1.75 and gave the stock an “underperform” rating in a report on Friday, July 29th.
Shares of Cloud Peak Energy (NYSE:CLD) traded up 10.06% during trading on Tuesday, reaching $3.94. The company’s stock had a trading volume of 810,380 shares. The company has a 50 day moving average of $3.73 and a 200 day moving average of $2.54. The company’s market cap is $232.48 million. Cloud Peak Energy has a 12-month low of $1.08 and a 12-month high of $4.28.
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Cloud Peak Energy (NYSE:CLD) last posted its earnings results on Thursday, July 28th. The mining company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.79. The business earned $174.20 million during the quarter, compared to analyst estimates of $171.57 million. Cloud Peak Energy had a positive return on equity of 3.70% and a negative net margin of 16.17%. The company’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.87) EPS. On average, analysts anticipate that Cloud Peak Energy will post ($0.52) EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Menta Capital LLC increased 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 valued at $110,000 after buying an additional 2,898 shares during the period. Brandes Investment Partners LP bought a new position in Cloud Peak Energy during the second quarter valued at $145,000. LMR Partners LLP bought a new position in Cloud Peak Energy during the second quarter valued at $157,000. JPMorgan Chase & Co. bought a new position in Cloud Peak Energy during the second quarter valued at $199,000. Finally, Cubist Systematic Strategies LLC increased its position in 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 valued at $205,000 after buying an additional 14,887 shares during the period. 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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