Cloud Peak Energy Inc. (NYSE:CLD) – Analysts at B. Riley boosted their Q4 2018 earnings estimates for Cloud Peak Energy in a research note issued to investors on Tuesday, November 6th. B. Riley analyst L. Pipes now forecasts that the mining company will post earnings of $0.00 per share for the quarter, up from their previous estimate of ($0.01). B. Riley currently has a “Neutral” rating and a $2.00 target price on the stock.
Other equities analysts have also recently issued reports about the company. MKM Partners set a $2.00 price objective on Cloud Peak Energy and gave the stock a “hold” rating in a report on Friday, November 2nd. Zacks Investment Research downgraded Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. BMO Capital Markets dropped their price target on Cloud Peak Energy from $4.00 to $3.00 and set a “market perform” rating on the stock in a research note on Friday, July 27th. ValuEngine upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating in a research note on Monday, July 30th. Finally, Jefferies Financial Group set a $3.00 price target on Cloud Peak Energy and gave the stock a “hold” rating in a research note on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $2.83.
CLD opened at $1.77 on Wednesday. Cloud Peak Energy has a 12-month low of $1.63 and a 12-month high of $5.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.02 and a quick ratio of 1.52. The stock has a market capitalization of $133.37 million, a PE ratio of -4.12 and a beta of 2.12.
Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings data on Thursday, October 25th. The mining company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.24. Cloud Peak Energy had a negative return on equity of 3.66% and a negative net margin of 0.81%. The firm had revenue of $233.08 million during the quarter, compared to analysts’ expectations of $244.03 million.
Several hedge funds have recently added to or reduced their stakes in the company. Systematic Financial Management LP boosted its stake in shares of Cloud Peak Energy by 56.5% in the 3rd quarter. Systematic Financial Management LP now owns 472,090 shares of the mining company’s stock worth $1,086,000 after buying an additional 170,530 shares during the last quarter. Northern Trust Corp lifted its position in Cloud Peak Energy by 2.7% during the second quarter. Northern Trust Corp now owns 1,415,207 shares of the mining company’s stock valued at $4,939,000 after purchasing an additional 36,751 shares in the last quarter. MetLife Investment Advisors LLC lifted its position in Cloud Peak Energy by 219.7% during the second quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock valued at $138,000 after purchasing an additional 27,108 shares in the last quarter. Renaissance Technologies LLC lifted its position in Cloud Peak Energy by 0.5% during the second quarter. Renaissance Technologies LLC now owns 5,900,700 shares of the mining company’s stock valued at $20,593,000 after purchasing an additional 27,800 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Cloud Peak Energy by 6.7% during the second quarter. BlackRock Inc. now owns 10,074,516 shares of the mining company’s stock valued at $35,159,000 after purchasing an additional 635,042 shares in the last quarter. Hedge funds and other institutional investors own 81.32% of the company’s stock.
About Cloud Peak Energy
Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.
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