Cloud Peak Energy Inc. (CLD) Sees Significant Increase in Short Interest
Cloud Peak Energy Inc. (NYSE:CLD) saw a large growth in short interest in December. As of December 29th, there was short interest totalling 4,186,340 shares, a growth of 40.1% from the December 15th total of 2,988,797 shares. Currently, 5.7% of the shares of the company are short sold. Based on an average trading volume of 1,190,482 shares, the days-to-cover ratio is presently 3.5 days.
Shares of Cloud Peak Energy (NYSE:CLD) opened at $5.31 on Wednesday. The company has a current ratio of 2.14, a quick ratio of 1.61 and a debt-to-equity ratio of 0.41. Cloud Peak Energy has a fifty-two week low of $2.78 and a fifty-two week high of $6.30. The stock has a market cap of $409.52, a P/E ratio of 531.00 and a beta of 1.60.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings data on Thursday, October 26th. The mining company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $254.82 million. During the same period last year, the business earned $0.06 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. equities research analysts anticipate that Cloud Peak Energy will post -0.39 earnings per share for the current year.
Several equities research analysts recently issued reports on CLD shares. TheStreet raised shares of Cloud Peak Energy from a “d+” rating to a “c-” rating in a report on Friday, October 27th. JPMorgan Chase & Co. lowered shares of Cloud Peak Energy from an “overweight” rating to a “neutral” rating in a report on Monday, November 20th. Zacks Investment Research raised shares of Cloud Peak Energy from a “hold” rating to a “strong-buy” rating and set a $5.00 target price for the company in a report on Monday, January 1st. B. Riley reissued a “neutral” rating on shares of Cloud Peak Energy in a report on Wednesday, November 1st. Finally, BMO Capital Markets set a $5.00 target price on shares of Cloud Peak Energy and gave the stock a “hold” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.29.
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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