Shares of Cloud Peak Energy Inc. (NYSE:CLD) gapped down prior to trading on Tuesday . The stock had previously closed at $0.20, but opened at $0.20. Cloud Peak Energy shares last traded at $0.19, with a volume of 455515 shares changing hands.
A number of research firms have issued reports on CLD. Zacks Investment Research raised shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $0.25 price objective for the company in a report on Monday, January 7th. BMO Capital Markets set a $4.00 price objective on shares of Cloud Peak Energy and gave the company a “hold” rating in a report on Thursday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $2.25.
The company has a current ratio of 2.05, a quick ratio of 1.52 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $14.54 million, a price-to-earnings ratio of -0.48 and a beta of 2.66.
Institutional investors have recently modified their holdings of the company. Two Sigma Advisers LP bought a new stake in shares of Cloud Peak Energy during the 4th quarter worth approximately $41,000. Assenagon Asset Management S.A. bought a new stake in shares of Cloud Peak Energy during the 4th quarter worth approximately $53,000. Rhumbline Advisers lifted its holdings in shares of Cloud Peak Energy by 18.9% during the 4th quarter. Rhumbline Advisers now owns 220,124 shares of the mining company’s stock worth $81,000 after acquiring an additional 34,938 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Cloud Peak Energy by 115.7% during the 4th quarter. Acadian Asset Management LLC now owns 359,133 shares of the mining company’s stock worth $131,000 after acquiring an additional 192,665 shares during the period. Finally, Two Sigma Investments LP bought a new stake in shares of Cloud Peak Energy during the 4th quarter worth approximately $151,000. 77.91% of the stock is owned by institutional investors.
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About Cloud Peak Energy (NYSE:CLD)
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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