Cloud Peak Energy Inc. (CLD) Given Average Rating of “Hold” by Brokerages
Shares of Cloud Peak Energy Inc. (NYSE:CLD) have earned a consensus rating of “Hold” from the ten brokerages that are covering the firm. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.86.
A number of equities analysts have recently weighed in on CLD shares. Zacks Investment Research cut Cloud Peak Energy from a “hold” rating to a “strong sell” rating in a report on Tuesday. MKM Partners reiterated a “neutral” rating and set a $4.00 price target (down from $6.00) on shares of Cloud Peak Energy in a report on Wednesday, May 10th. Stifel Nicolaus set a $7.00 price target on Cloud Peak Energy and gave the stock a “buy” rating in a report on Monday, May 1st. FBR & Co upgraded Cloud Peak Energy from an “underperform” rating to a “market perform” rating and set a $4.00 price target for the company in a report on Thursday, March 23rd. Finally, Jefferies Group LLC began coverage on Cloud Peak Energy in a report on Tuesday, March 7th. They set a “hold” rating and a $5.00 price target for the company.
Shares of Cloud Peak Energy (NYSE:CLD) traded down 1.14% during mid-day trading on Friday, reaching $3.46. 142,151 shares of the company traded hands. The stock has a market capitalization of $249.16 million, a PE ratio of 5.78 and a beta of 1.25. The firm has a 50 day moving average of $3.80 and a 200-day moving average of $5.03. Cloud Peak Energy has a 52 week low of $1.64 and a 52 week high of $8.03.
Cloud Peak Energy (NYSE:CLD) last issued its earnings results on Thursday, April 27th. The mining company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.28. The company had revenue of $195.73 million during the quarter, compared to analysts’ expectations of $233.58 million. Cloud Peak Energy had a negative net margin of 19.07% and a positive return on equity of 2.60%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.53) earnings per share. On average, equities research analysts expect that Cloud Peak Energy will post ($0.37) EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in CLD. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Cloud Peak Energy by 242.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,011 shares of the mining company’s stock worth $123,000 after buying an additional 15,590 shares in the last quarter. KCG Holdings Inc. purchased a new position in shares of Cloud Peak Energy during the first quarter worth $112,000. BNP Paribas Arbitrage SA boosted its position in shares of Cloud Peak Energy by 78.5% in the first quarter. BNP Paribas Arbitrage SA now owns 24,555 shares of the mining company’s stock worth $112,000 after buying an additional 10,801 shares in the last quarter. Point View Wealth Management Inc. boosted its position in shares of Cloud Peak Energy by 9.1% in the first quarter. Point View Wealth Management Inc. now owns 26,611 shares of the mining company’s stock worth $122,000 after buying an additional 2,219 shares in the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Cloud Peak Energy during the fourth quarter worth $150,000. 70.96% 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). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities.
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