Cloud Peak Energy Inc. (CLD) Receives Sell Rating from FBR & Co
Cloud Peak Energy Inc. (NYSE:CLD)‘s stock had its “sell” rating reiterated by stock analysts at FBR & Co in a report issued on Thursday. They currently have a $4.00 price objective on the mining company’s stock, up from their previous price objective of $1.75. FBR & Co’s price target suggests a potential downside of 27.80% from the stock’s previous close.
Separately, Zacks Investment Research downgraded shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Cloud Peak Energy presently has a consensus rating of “Hold” and a consensus target price of $7.28.
Shares of Cloud Peak Energy (NYSE:CLD) traded up 1.08% during mid-day trading on Thursday, hitting $5.60. The company had a trading volume of 1,058,017 shares. Cloud Peak Energy has a one year low of $1.08 and a one year high of $5.85. The firm’s 50-day moving average price is $4.44 and its 200 day moving average price is $2.90. The company’s market capitalization is $330.43 million.
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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 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 negative net margin of 16.17% and a positive return on equity of 3.70%. The company’s revenue for the quarter was down 28.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.87) earnings per share. Analysts predict that Cloud Peak Energy will post ($0.51) earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Menta Capital LLC increased its stake 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 stake in Cloud Peak Energy during the second quarter valued at $145,000. LMR Partners LLP bought a new stake in Cloud Peak Energy during the second quarter valued at $157,000. JPMorgan Chase & Co. bought a new stake in Cloud Peak Energy during the second quarter valued at $199,000. Finally, Cubist Systematic Strategies LLC increased its stake 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. 77.13% of the stock is 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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