Stifel Nicolaus Reiterates Buy Rating for Cloud Peak Energy (CLD)

Cloud Peak Energy (NYSE:CLD)‘s stock had its “buy” rating reaffirmed by analysts at Stifel Nicolaus in a research note issued to investors on Tuesday. They presently have a $7.00 target price on the mining company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 27.27% from the stock’s current price.

A number of other analysts have also recently commented on CLD. B. Riley restated a “neutral” rating on shares of Cloud Peak Energy in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. TheStreet upgraded shares of Cloud Peak Energy from a “d+” rating to a “c-” rating in a research note on Friday, October 27th. BMO Capital Markets set a $5.00 price target on shares of Cloud Peak Energy and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, JPMorgan Chase & Co. cut shares of Cloud Peak Energy from an “overweight” rating to a “neutral” rating in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $5.29.

Cloud Peak Energy (CLD) traded up $0.19 during trading on Tuesday, hitting $5.50. 1,214,000 shares of the stock were exchanged, compared to its average volume of 1,445,209. Cloud Peak Energy has a 1 year low of $2.78 and a 1 year high of $6.30. The company has a market cap of $399.00, a P/E ratio of 183.39 and a beta of 1.61. The company has a quick ratio of 1.61, a current ratio of 2.14 and a debt-to-equity ratio of 0.41.

Cloud Peak Energy (NYSE:CLD) last released its earnings results on Thursday, October 26th. The mining company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. The company had revenue of $249.00 million for the quarter, compared to the consensus estimate of $254.82 million. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. research analysts expect that Cloud Peak Energy will post -0.36 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Cloud Peak Energy by 231.3% during the 2nd quarter. State Street Corp now owns 1,329,134 shares of the mining company’s stock valued at $4,691,000 after purchasing an additional 927,987 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Cloud Peak Energy by 47.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,832,085 shares of the mining company’s stock valued at $10,367,000 after purchasing an additional 915,266 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Cloud Peak Energy by 21.0% during the 2nd quarter. Renaissance Technologies LLC now owns 4,592,000 shares of the mining company’s stock valued at $16,210,000 after purchasing an additional 796,400 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cloud Peak Energy by 17.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,150,906 shares of the mining company’s stock valued at $18,183,000 after purchasing an additional 751,657 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Cloud Peak Energy by 90.6% in the 2nd quarter. Northern Trust Corp now owns 1,380,013 shares of the mining company’s stock worth $4,871,000 after acquiring an additional 655,996 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

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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.

Analyst Recommendations for Cloud Peak Energy (NYSE:CLD)

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