Brokers Set Expectations for Cloud Peak Energy Inc.’s Q1 2019 Earnings (CLD)

Cloud Peak Energy Inc. (NYSE:CLD) – Stock analysts at B. Riley issued their Q1 2019 earnings per share (EPS) estimates for Cloud Peak Energy in a research report issued on Friday. B. Riley analyst L. Pipes forecasts that the mining company will earn ($0.12) per share for the quarter. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Cloud Peak Energy’s Q2 2019 earnings at ($0.13) EPS, Q3 2019 earnings at ($0.13) EPS and Q4 2019 earnings at ($0.13) EPS.

A number of other brokerages have also recently issued reports on CLD. Stifel Nicolaus restated a “buy” rating and set a $7.00 price objective on shares of Cloud Peak Energy in a report on Tuesday, January 16th. BMO Capital Markets set a $5.00 price objective on Cloud Peak Energy and gave the stock a “hold” rating in a report on Friday, October 27th. Zacks Investment Research upgraded Cloud Peak Energy from a “hold” rating to a “strong-buy” rating and set a $5.00 price target for the company in a research note on Monday, January 1st. TheStreet upgraded Cloud Peak Energy from a “d+” rating to a “c-” rating in a research note on Friday, October 27th. Finally, JPMorgan Chase & Co. cut Cloud Peak Energy from an “overweight” rating to a “neutral” rating in a research note on Monday, November 20th. Two equities research 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. Cloud Peak Energy presently has an average rating of “Hold” and a consensus target price of $4.83.

Shares of Cloud Peak Energy (NYSE:CLD) traded down $0.17 during trading hours on Monday, hitting $3.18. The stock had a trading volume of 1,743,634 shares, compared to its average volume of 1,275,481. Cloud Peak Energy has a 12 month low of $2.78 and a 12 month high of $5.98. The company has a market capitalization of $239.70, a PE ratio of -24.54 and a beta of 1.79. The company has a current ratio of 2.26, a quick ratio of 1.65 and a debt-to-equity ratio of 0.40.

Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, February 15th. The mining company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). Cloud Peak Energy had a negative return on equity of 3.29% and a negative net margin of 0.75%. The firm had revenue of $213.89 million for the quarter, compared to the consensus estimate of $244.38 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue was down 6.1% on a year-over-year basis.

Several hedge funds have recently modified their holdings of CLD. Schwab Charles Investment Management Inc. lifted its stake in Cloud Peak Energy by 113.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,172,787 shares of the mining company’s stock worth $4,293,000 after purchasing an additional 622,821 shares during the last quarter. Kopernik Global Investors LLC lifted its stake in Cloud Peak Energy by 3.9% during the third quarter. Kopernik Global Investors LLC now owns 4,436,525 shares of the mining company’s stock worth $16,239,000 after purchasing an additional 167,978 shares during the last quarter. Vanguard Group Inc. lifted its stake in Cloud Peak Energy by 10.1% during the second quarter. Vanguard Group Inc. now owns 3,944,464 shares of the mining company’s stock worth $13,923,000 after purchasing an additional 362,972 shares during the last quarter. TIAA CREF Investment Management LLC bought a new stake in Cloud Peak Energy during the second quarter worth $711,000. Finally, Macquarie Group Ltd. bought a new stake in Cloud Peak Energy during the third quarter worth $396,000. Institutional investors and hedge funds own 78.73% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.dispatchtribunal.com/2018/02/20/brokers-set-expectations-for-cloud-peak-energy-inc-s-q1-2019-earnings-cld.html.

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.

Earnings History and Estimates for Cloud Peak Energy (NYSE:CLD)

Receive News & Ratings for Cloud Peak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloud Peak Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply