Cloud Peak Energy (NYSE:CLD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Cloud Peak Energy operates as a producer of low sulfur, high quality, sub-bituminous coal in the United States. It owns and operates three surface coal mines in the Powder River Basin named: Antelope, Cordero Rojo and the Spring Creek Mine. The Antelope Mine and Cordero Rojo Mine are located in Wyoming and the Spring Creek Mine is located near Decker, Montana. The company is headquartered in Gillette, Wyoming. “
A number of other analysts have also recently weighed in on the stock. ValuEngine raised shares of Cloud Peak Energy from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Clarkson Capital cut shares of Cloud Peak Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, July 24th. BMO Capital Markets dropped 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 report on Friday, July 27th. Jefferies Financial Group set a $3.00 price objective on shares of Cloud Peak Energy and gave the stock a “hold” rating in a report on Monday, July 30th. Finally, MKM Partners set a $2.00 target price on shares of Cloud Peak Energy and gave the company a “hold” rating in a research note on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $2.83.
CLD stock opened at $1.48 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.52 and a current ratio of 2.02. Cloud Peak Energy has a fifty-two week low of $1.47 and a fifty-two week high of $5.70. The stock has a market capitalization of $131.10 million, a P/E ratio of -3.44 and a beta of 2.12.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings data on Thursday, October 25th. The mining company reported $0.16 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $233.08 million for the quarter, compared to analysts’ expectations of $244.03 million. As a group, research analysts forecast that Cloud Peak Energy will post -0.44 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Mackay Shields LLC increased its stake in Cloud Peak Energy by 6.0% during the 2nd quarter. Mackay Shields LLC now owns 357,600 shares of the mining company’s stock valued at $1,248,000 after buying an additional 20,100 shares during the period. SG Americas Securities LLC increased its stake in Cloud Peak Energy by 160.7% during the 2nd quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock valued at $143,000 after buying an additional 25,248 shares during the period. MetLife Investment Advisors LLC increased its stake in Cloud Peak Energy by 219.7% during the 2nd quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock valued at $138,000 after buying an additional 27,108 shares during the period. Renaissance Technologies LLC increased its stake in Cloud Peak Energy by 0.5% during the 2nd quarter. Renaissance Technologies LLC now owns 5,900,700 shares of the mining company’s stock valued at $20,593,000 after buying an additional 27,800 shares during the period. Finally, Cornerstone Wealth Management LLC acquired a new position in Cloud Peak Energy during the 2nd quarter valued at about $8,157,000. 81.32% of the stock is currently owned by hedge funds and other 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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