Cloud Peak Energy Inc. (CLD) Upgraded to Buy at Zacks Investment Research
Cloud Peak Energy Inc. (NYSE:CLD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The brokerage presently has a $6.25 price objective on the mining company’s stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.21% from the stock’s current price.
According to Zacks, “Cloud Peak Energy operates as a producer of low sulfur, high quality, sub-bituminous coal in the United States. It owns and operates three surface coal mines in the Powder River Basin named: Antelope, Cordero Rojo and the Spring Creek Mine. The Antelope Mine and Cordero Rojo Mine are located in Wyoming and the Spring Creek Mine is located near Decker, Montana. The company is headquartered in Gillette, Wyoming. “
Separately, FBR & Co boosted their price objective on Cloud Peak Energy from $1.25 to $1.75 and gave the company an “underperform” rating in a report on Friday, July 29th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.91.
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Cloud Peak Energy (NYSE:CLD) traded down 1.24% on Tuesday, reaching $5.57. The company’s stock had a trading volume of 864,911 shares. The firm has a 50 day moving average of $4.34 and a 200 day moving average of $2.86. The firm’s market cap is $328.66 million. Cloud Peak Energy has a 12 month low of $1.08 and a 12 month high of $5.85.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings data on Thursday, July 28th. The mining company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.79. The firm earned $174.20 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.87) earnings per share. Analysts anticipate that Cloud Peak Energy will post ($0.51) earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Menta Capital LLC boosted its position 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. Jacobs Levy Equity Management Inc. acquired a new position in Cloud Peak Energy during the first quarter valued at $1,025,000. A.R.T. Advisors LLC boosted its position in 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 in the last quarter. Brandes Investment Partners LP acquired a new position in Cloud Peak Energy during the second quarter valued at $145,000. Finally, Oxford Asset Management boosted its position in 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 in the last quarter. 77.13% of the stock is currently owned by institutional investors.
Cloud Peak Energy Company Profile
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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