Cloud Peak Energy Inc. (NYSE:CLD) has been given a consensus rating of “Hold” by the ten analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $2.83.
Several research analysts have issued reports on the stock. MKM Partners set a $2.00 price objective on shares of Cloud Peak Energy and gave the stock a “hold” rating in a research report on Friday, November 2nd. Zacks Investment Research downgraded shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. B. Riley lowered their price objective on shares of Cloud Peak Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a research report on Monday, July 30th. BMO Capital Markets lowered their price objective on shares of Cloud Peak Energy from $4.00 to $3.00 and set a “market perform” rating on the stock in a research report on Friday, July 27th. Finally, ValuEngine raised shares of Cloud Peak Energy from a “hold” rating to a “buy” rating in a research report on Monday, July 30th.
NYSE:CLD traded down $0.04 during midday trading on Friday, hitting $1.73. 4,304 shares of the company were exchanged, compared to its average volume of 515,941. Cloud Peak Energy has a fifty-two week low of $1.63 and a fifty-two week 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 firm has a market capitalization of $133.37 million, a P/E ratio of -4.16 and a beta of 2.12.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings results on Thursday, October 25th. The mining company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. Cloud Peak Energy had a negative net margin of 0.81% and a negative return on equity of 3.66%. The firm had revenue of $233.08 million for the quarter, compared to analyst estimates of $244.03 million. On average, sell-side analysts anticipate that Cloud Peak Energy will post -0.48 EPS for the current year.
A number of institutional investors have recently modified their holdings of CLD. Wells Fargo & Company MN grew its position in Cloud Peak Energy by 81.7% during the 1st quarter. Wells Fargo & Company MN now owns 213,684 shares of the mining company’s stock worth $622,000 after purchasing an additional 96,069 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Cloud Peak Energy by 2.1% in the first quarter. BlackRock Inc. now owns 9,439,474 shares of the mining company’s stock valued at $27,468,000 after acquiring an additional 193,166 shares in the last quarter. Hartford Investment Management Co. purchased a new stake in shares of Cloud Peak Energy in the second quarter valued at about $183,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Cloud Peak Energy in the second quarter valued at about $8,157,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Cloud Peak Energy by 4.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,035,148 shares of the mining company’s stock valued at $7,103,000 after acquiring an additional 78,070 shares in the last quarter. 81.32% of the stock is currently owned by institutional investors.
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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