Cloud Peak Energy Inc. (NYSE:CLD) – Investment analysts at Jefferies Group cut their FY2017 EPS estimates for Cloud Peak Energy in a research report issued on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the mining company will post earnings of ($0.44) per share for the year, down from their prior estimate of ($0.43). Jefferies Group also issued estimates for Cloud Peak Energy’s FY2020 earnings at $0.02 EPS and FY2021 earnings at $0.02 EPS.
Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings data on Thursday, February 15th. The mining company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). The firm had revenue of $213.89 million during the quarter, compared to analyst estimates of $244.38 million. Cloud Peak Energy had a negative net margin of 0.75% and a negative return on equity of 3.29%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS.
CLD has been the subject of several other research reports. B. Riley reaffirmed a “neutral” rating on shares of Cloud Peak Energy in a research report on Wednesday, November 1st. ValuEngine lowered shares of Cloud Peak Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday. Stifel Nicolaus dropped their price target on shares of Cloud Peak Energy from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Investment Research lowered shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. Finally, TheStreet raised shares of Cloud Peak Energy from a “d+” rating to a “c-” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Cloud Peak Energy has an average rating of “Hold” and a consensus price target of $4.83.
Cloud Peak Energy (NYSE CLD) opened at $3.17 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.26 and a quick ratio of 1.65. The firm has a market cap of $238.20, a P/E ratio of 12.68 and a beta of 1.79. Cloud Peak Energy has a 52-week low of $2.78 and a 52-week high of $6.24.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLD. Ellington Management Group LLC purchased a new stake in Cloud Peak Energy during the fourth quarter worth approximately $124,000. Brandywine Global Investment Management LLC purchased a new stake in Cloud Peak Energy during the fourth quarter worth approximately $127,000. Two Sigma Advisers LP purchased a new stake in Cloud Peak Energy during the fourth quarter worth approximately $157,000. Thrivent Financial For Lutherans grew its stake in Cloud Peak Energy by 4.0% during the second quarter. Thrivent Financial For Lutherans now owns 44,860 shares of the mining company’s stock worth $158,000 after buying an additional 1,730 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in Cloud Peak Energy by 81.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 52,406 shares of the mining company’s stock worth $192,000 after buying an additional 23,502 shares during the period. Institutional investors own 78.73% of the company’s stock.
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About Cloud Peak Energy
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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