Cloud Peak Energy Inc. (CLD) Debt Trading 1.5% Higher
An issue of Cloud Peak Energy Inc. (NYSE:CLD) debt rose 1.5% as a percentage of its face value during trading on Tuesday. The high-yield issue of debt has a 8.5% coupon and will mature on December 15, 2019. The bonds in the issue are now trading at $75.00 and were trading at $76.00 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.
A number of equities research analysts have weighed in on CLD shares. Zacks Investment Research upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research report on Friday, July 29th. FBR & Co upped their target price on Cloud Peak Energy from $1.25 to $1.75 and gave the stock an “underperform” rating in a research report on Friday, July 29th. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.28.
Shares of Cloud Peak Energy Inc. (NYSE:CLD) opened at 3.90 on Wednesday. The firm’s market capitalization is $230.12 million. Cloud Peak Energy Inc. has a 52 week low of $1.08 and a 52 week high of $4.28. The firm’s 50-day moving average is $3.74 and its 200 day moving average is $2.56.
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Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings data on Thursday, July 28th. The mining company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.79. The company earned $174.20 million during the quarter, compared to analyst estimates of $171.57 million. Cloud Peak Energy had a negative net margin of 16.17% and a positive return on equity of 3.70%. The company’s revenue was down 28.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.87) earnings per share. Equities research analysts forecast that Cloud Peak Energy Inc. will post ($0.52) EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of CLD. Towle & Co. raised its stake in Cloud Peak Energy by 1.1% in the second quarter. Towle & Co. now owns 2,508,786 shares of the mining company’s stock valued at $5,168,000 after buying an additional 27,630 shares during the last quarter. Spark Investment Management LLC bought a new stake in shares of Cloud Peak Energy during the first quarter worth $2,147,000. Oxford Asset Management raised its stake in shares of Cloud Peak Energy by 15.0% in the second quarter. Oxford Asset Management now owns 1,060,830 shares of the mining company’s stock worth $2,185,000 after buying an additional 138,461 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Cloud Peak Energy during the second quarter worth $1,643,000. Finally, Creative Planning raised its stake in shares of Cloud Peak Energy by 351.8% in the second quarter. Creative Planning now owns 783,413 shares of the mining company’s stock worth $1,614,000 after buying an additional 610,011 shares in the last quarter. 77.13% of the stock is owned by institutional investors.
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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