Short Interest in Cloud Peak Energy Inc (NYSE:CLD) Increases By 81.7%
Cloud Peak Energy Inc (NYSE:CLD) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totalling 7,133,252 shares, an increase of 81.7% from the June 15th total of 3,926,278 shares. Approximately 9.7% of the shares of the stock are short sold. Based on an average daily volume of 1,789,673 shares, the days-to-cover ratio is currently 4.0 days.
Shares of Cloud Peak Energy (CLD) opened at 3.59 on Wednesday. The company has a market capitalization of $258.53 million, a price-to-earnings ratio of 5.99 and a beta of 1.42. The stock’s 50 day moving average price is $3.44 and its 200 day moving average price is $4.29. Cloud Peak Energy has a 1-year low of $2.42 and a 1-year high of $8.03.
Cloud Peak Energy (NYSE:CLD) last released its earnings results on Thursday, April 27th. The mining company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by $0.28. Cloud Peak Energy had a return on equity of 4.00% and a net margin of 4.68%. The business had revenue of $195.73 million for the quarter, compared to analyst estimates of $233.58 million. During the same period in the prior year, the firm posted ($0.53) EPS. Cloud Peak Energy’s revenue was up 8.0% on a year-over-year basis. Analysts expect that Cloud Peak Energy will post ($0.40) EPS for the current year.
CLD has been the subject of a number of research reports. FBR & Co raised Cloud Peak Energy from an “underperform” rating to a “market perform” rating and set a $4.00 price target for the company in a research note on Thursday, March 23rd. Stifel Nicolaus set a $7.00 price target on Cloud Peak Energy and gave the company a “buy” rating in a research note on Monday, May 1st. MKM Partners reaffirmed a “neutral” rating and set a $4.00 price target (down from $6.00) on shares of Cloud Peak Energy in a research note on Wednesday, May 10th. Zacks Investment Research lowered Cloud Peak Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 23rd. Finally, BMO Capital Markets set a $4.00 price target on Cloud Peak Energy and gave the company a “hold” rating in a research note on Tuesday, July 4th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $5.53.
A number of hedge funds have recently added to or reduced their stakes in the company. Comerica Bank raised its stake in Cloud Peak Energy by 27.3% in the first quarter. Comerica Bank now owns 80,137 shares of the mining company’s stock worth $283,000 after buying an additional 17,181 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in 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. Bank of New York Mellon Corp raised its stake in Cloud Peak Energy by 28.2% in the first quarter. Bank of New York Mellon Corp now owns 622,393 shares of the mining company’s stock worth $2,851,000 after buying an additional 136,738 shares in the last quarter. Point View Wealth Management Inc. raised its stake in 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, Great West Life Assurance Co. Can raised its stake in Cloud Peak Energy by 25.5% in the first quarter. Great West Life Assurance Co. Can now owns 95,198 shares of the mining company’s stock worth $435,000 after buying an additional 19,366 shares in the last quarter. 80.87% of the stock is owned by hedge funds and other institutional investors.
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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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