Cloud Peak Energy (CLD) Rating Lowered to Strong Sell at ValuEngine

ValuEngine cut shares of Cloud Peak Energy (NYSE:CLD) from a sell rating to a strong sell rating in a research report report published on Saturday.

CLD has been the subject of several other reports. Stifel Nicolaus restated a buy rating and issued a $7.00 price objective on shares of Cloud Peak Energy in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Cloud Peak Energy from a hold rating to a buy rating and set a $4.75 price objective for the company in a report on Tuesday, November 14th. BMO Capital Markets set a $5.00 price objective on shares of Cloud Peak Energy and gave the stock a hold rating in a report on Friday, October 27th. B. Riley restated a neutral rating on shares of Cloud Peak Energy in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. lowered shares of Cloud Peak Energy from an overweight rating to a neutral rating in a report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $5.00.

Shares of Cloud Peak Energy (NYSE CLD) opened at $3.35 on Friday. 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 has a 1-year low of $2.78 and a 1-year high of $6.30.

Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, February 15th. The mining company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.15). Cloud Peak Energy had a negative return on equity of 3.31% and a negative net margin of 0.75%. The company had revenue of $213.89 million during the quarter, compared to analysts’ expectations of $244.38 million. During the same quarter last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis. analysts expect that Cloud Peak Energy will post -0.06 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new position in shares of Cloud Peak Energy during the fourth quarter valued at approximately $193,000. Millennium Management LLC lifted its holdings in shares of Cloud Peak Energy by 738.6% during the fourth quarter. Millennium Management LLC now owns 1,042,506 shares of the mining company’s stock valued at $4,639,000 after purchasing an additional 918,196 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Cloud Peak Energy during the fourth quarter valued at approximately $1,886,000. Two Sigma Advisers LP purchased a new position in shares of Cloud Peak Energy during the fourth quarter valued at approximately $157,000. Finally, Ellington Management Group LLC purchased a new position in shares of Cloud Peak Energy during the fourth quarter valued at approximately $124,000. Hedge funds and other institutional investors own 79.44% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cloud Peak Energy (NYSE:CLD)

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