Cloud Peak Energy Inc (CLD) Upgraded to “Buy” by 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 to investors on Thursday. The firm currently has a $5.00 price objective on the mining company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 10.62% 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. “
CLD has been the subject of a number of other reports. Stifel Nicolaus restated a “buy” rating and issued a $6.00 target price on shares of Cloud Peak Energy in a research note on Friday, October 13th. BMO Capital Markets set a $4.00 target price on Cloud Peak Energy and gave the company a “hold” rating in a research note on Tuesday, July 4th. BidaskClub lowered Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, ValuEngine lowered Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.25.
Cloud Peak Energy (NYSE:CLD) traded up 2.73% during trading on Thursday, hitting $4.52. 1,739,576 shares of the stock traded hands. The stock’s market cap is $339.59 million. The company has a 50-day moving average price of $3.52 and a 200 day moving average price of $3.53. Cloud Peak Energy has a one year low of $2.78 and a one year high of $8.03.
Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.04). The company had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $236.94 million. Cloud Peak Energy had a positive return on equity of 0.54% and a negative net margin of 0.47%. The business’s revenue was up 31.6% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share. Analysts expect that Cloud Peak Energy will post ($0.44) earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can acquired a new stake in Cloud Peak Energy in the third quarter worth about $109,000. Ladenburg Thalmann Financial Services Inc. increased its position in 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 purchasing an additional 15,590 shares during the period. KCG Holdings Inc. acquired a new stake in Cloud Peak Energy in the first quarter worth about $112,000. BNP Paribas Arbitrage SA increased its position 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 purchasing an additional 10,801 shares during the period. Finally, Point View Wealth Management Inc. increased its position 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 purchasing an additional 2,219 shares during the period. Hedge funds and other institutional investors own 81.14% of the company’s stock.
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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