ValuEngine upgraded shares of Cloud Peak Energy (NYSE:CLD) from a hold rating to a buy rating in a report published on Tuesday.
CLD has been the subject of a number of other research reports. Zacks Investment Research raised Cloud Peak Energy from a hold rating to a buy rating and set a $4.00 price target for the company in a research report on Tuesday, July 3rd. Clarkson Capital lowered Cloud Peak Energy from a neutral rating to a sell rating in a research report on Tuesday, July 24th. Jefferies Financial Group set a $3.00 price target on Cloud Peak Energy and gave the company a hold rating in a research report on Monday, July 30th. BMO Capital Markets decreased their target price on Cloud Peak Energy from $4.00 to $3.00 and set a market perform rating for the company in a research report on Friday, July 27th. Finally, B. Riley decreased their target price on Cloud Peak Energy from $3.00 to $2.00 and set a neutral rating for the company in a research report on Monday, July 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $3.60.
CLD opened at $2.30 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.86 and a quick ratio of 1.29. Cloud Peak Energy has a one year low of $2.22 and a one year high of $5.70.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings results on Thursday, July 26th. The mining company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.25). The business had revenue of $205.70 million for the quarter, compared to the consensus estimate of $230.72 million. Cloud Peak Energy had a negative net margin of 1.94% and a negative return on equity of 4.68%. The company’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.09) EPS. analysts expect that Cloud Peak Energy will post -0.58 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in CLD. Matarin Capital Management LLC bought a new position in shares of Cloud Peak Energy in the 1st quarter worth approximately $3,254,000. BlackRock Inc. raised its position in shares of Cloud Peak Energy by 6.7% in the 2nd quarter. BlackRock Inc. now owns 10,074,516 shares of the mining company’s stock worth $35,159,000 after acquiring an additional 635,042 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Cloud Peak Energy by 30.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,847,413 shares of the mining company’s stock worth $5,376,000 after acquiring an additional 429,957 shares in the last quarter. Mackay Shields LLC bought a new position in shares of Cloud Peak Energy in the 1st quarter worth approximately $982,000. Finally, Alps Advisors Inc. bought a new position in shares of Cloud Peak Energy in the 1st quarter worth approximately $375,000. 81.79% of the stock is owned by hedge funds and other institutional investors.
About Cloud Peak Energy
Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.
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