Cloud Peak Energy Inc (NYSE:CLD) Lifted to Buy at 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 report issued on Thursday, October 19th. The brokerage currently has a $5.00 target price on the mining company’s stock. Zacks Investment Research‘s target price points to a potential upside of 18.48% 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. “



Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus reissued a “buy” rating and set a $6.00 target price on shares of Cloud Peak Energy in a report on Friday, October 13th. BMO Capital Markets set a $4.00 target price on shares of Cloud Peak Energy and gave the company a “hold” rating in a report on Saturday, August 5th. ValuEngine cut shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, BidaskClub cut shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $5.38.

Cloud Peak Energy (NYSE:CLD) traded down 6.01% during midday trading on Thursday, hitting $4.22. The stock had a trading volume of 1,280,989 shares. Cloud Peak Energy has a 52 week low of $2.78 and a 52 week high of $8.04. The firm’s market cap is $317.05 million. The stock has a 50-day moving average of $3.76 and a 200-day moving average of $3.53.

Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings results on Thursday, October 26th. The mining company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $249.00 million during the quarter, compared to the consensus estimate of $254.82 million. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. Analysts forecast that Cloud Peak Energy will post ($0.44) EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in CLD. Great West Life Assurance Co. Can grew its position in shares of Cloud Peak Energy by 25.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 95,198 shares of the mining company’s stock valued at $435,000 after purchasing an additional 19,366 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Cloud Peak Energy by 28.2% during the 1st quarter. Bank of New York Mellon Corp now owns 622,393 shares of the mining company’s stock valued at $2,851,000 after purchasing an additional 136,738 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Cloud Peak Energy by 78.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 24,555 shares of the mining company’s stock valued at $112,000 after purchasing an additional 10,801 shares in the last quarter. Comerica Bank grew its position in shares of Cloud Peak Energy by 27.3% during the 1st quarter. Comerica Bank now owns 80,137 shares of the mining company’s stock valued at $283,000 after purchasing an additional 17,181 shares in the last quarter. Finally, Texas Permanent School Fund grew its position in shares of Cloud Peak Energy by 21.1% during the 1st quarter. Texas Permanent School Fund now owns 54,276 shares of the mining company’s stock valued at $249,000 after purchasing an additional 9,453 shares in the last quarter. Hedge funds and other institutional investors own 80.45% 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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