Cloud Peak Energy Inc. (CLD) Sets New 52-Week High at $4.57
Cloud Peak Energy Inc. (NYSE:CLD)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.57 and last traded at $4.49, with a volume of 2,970,080 shares trading hands. The stock had previously closed at $3.90.
A number of equities analysts have recently issued reports on CLD shares. Zacks Investment Research upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Friday, July 29th. FBR & Co increased their price objective on shares of Cloud Peak Energy from $1.25 to $1.75 and gave the company an “underperform” rating in a research note on Friday, July 29th. Four analysts have rated the stock with a sell rating and four have given a hold rating to the company. Cloud Peak Energy presently has a consensus rating of “Hold” and a consensus target price of $6.28.
The stock’s market capitalization is $268.77 million. 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 released its quarterly earnings results on Thursday, July 28th. The mining company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.79. The business had revenue of $174.20 million for the quarter, compared to the consensus estimate 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 business’s revenue was down 28.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.87) EPS. Analysts anticipate that Cloud Peak Energy Inc. will post ($0.52) EPS for the current year.
A number of large investors have recently made changes to their positions in CLD. Menta Capital LLC increased its stake in shares of 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 last quarter. Acadian Asset Management LLC increased its stake in shares of Cloud Peak Energy by 64.2% in the first quarter. Acadian Asset Management LLC now owns 635,209 shares of the mining company’s stock valued at $1,237,000 after buying an additional 248,285 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Cloud Peak Energy during the first quarter valued at $1,025,000. A.R.T. Advisors LLC increased its stake in shares of Cloud Peak Energy by 137.5% in the first quarter. A.R.T. Advisors LLC now owns 399,680 shares of the mining company’s stock valued at $779,000 after buying an additional 231,400 shares during the last quarter. Finally, Oxford Asset Management increased 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 valued at $2,185,000 after buying an additional 138,461 shares during the last quarter. 77.13% of the stock is currently owned by hedge funds and other 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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