Cloud Peak Energy Inc (NYSE:CLD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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. “

Other research analysts also recently issued reports about the stock. Stifel Nicolaus set a $7.00 price target on shares of Cloud Peak Energy and gave the stock a “buy” rating in a research report on Monday, May 1st. BMO Capital Markets set a $4.00 price target on shares of Cloud Peak Energy and gave the stock a “hold” rating in a research report on Tuesday, July 4th. MKM Partners reiterated a “neutral” rating and issued a $4.00 price target (down from $6.00) on shares of Cloud Peak Energy in a research report on Wednesday, May 10th. Finally, BidaskClub downgraded shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.41.

Shares of Cloud Peak Energy (NYSE CLD) traded up 2.56% during midday trading on Tuesday, reaching $3.60. 1,110,533 shares of the company’s stock were exchanged. Cloud Peak Energy has a one year low of $2.46 and a one year high of $8.03. The firm has a 50 day moving average of $3.47 and a 200-day moving average of $4.24. The stock has a market cap of $259.25 million, a price-to-earnings ratio of 6.01 and a beta of 1.42.

Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings results on Thursday, April 27th. The mining company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $233.58 million. During the same quarter in the previous year, the business posted ($0.53) earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. On average, equities research analysts anticipate that Cloud Peak Energy will post ($0.40) earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in CLD. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Cloud Peak Energy during the first quarter valued at approximately $5,249,000. Russell Investments Group Ltd. increased its stake in shares of Cloud Peak Energy by 44.3% in the first quarter. Russell Investments Group Ltd. now owns 1,200,432 shares of the mining company’s stock valued at $5,498,000 after buying an additional 368,260 shares during the last quarter. USA Financial Portformulas Corp purchased a new stake in shares of Cloud Peak Energy during the fourth quarter valued at approximately $231,000. Laurion Capital Management LP purchased a new stake in shares of Cloud Peak Energy during the first quarter valued at approximately $1,083,000. Finally, Great West Life Assurance Co. Can increased its stake in shares of 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 valued at $435,000 after buying an additional 19,366 shares during the last quarter. Hedge funds and other institutional investors own 81.52% of the company’s stock.

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). 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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