Cloud Peak Energy (NYSE:CLD) was downgraded by investment analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research note issued to investors on Monday, November 20th.
CLD has been the topic of several other reports. Zacks Investment Research raised shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Thursday, October 19th. Stifel Nicolaus restated a “buy” rating and set a $6.00 target price on shares of Cloud Peak Energy in a research report on Friday, October 13th. TheStreet upgraded shares of Cloud Peak Energy from a “d+” rating to a “c-” rating in a research report on Friday, October 27th. BMO Capital Markets set a $4.00 price objective on shares of Cloud Peak Energy and gave the stock a “hold” rating in a research report on Saturday, August 5th. Finally, ValuEngine lowered shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $5.11.
Shares of Cloud Peak Energy (NYSE CLD) traded up $0.02 on Monday, hitting $4.21. 522,880 shares of the company’s stock were exchanged, compared to its average volume of 1,299,782. The company has a current ratio of 2.14, a quick ratio of 1.61 and a debt-to-equity ratio of 0.41. Cloud Peak Energy has a 1-year low of $2.78 and a 1-year high of $6.61. The firm has a market capitalization of $314.84, a PE ratio of 53.13 and a beta of 1.60.
Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings data on Thursday, October 26th. The mining company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $254.82 million. During the same period in the previous year, the business posted $0.06 EPS. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. equities analysts forecast that Cloud Peak Energy will post -0.39 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in CLD. Louisiana State Employees Retirement System lifted its stake in Cloud Peak Energy by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock worth $108,000 after purchasing an additional 100 shares during the last quarter. KCG Holdings Inc. bought a new position in Cloud Peak Energy during the first quarter worth $112,000. Hartford Investment Management Co. bought a new position in Cloud Peak Energy during the second quarter worth $119,000. AJO LP acquired a new stake in Cloud Peak Energy in the second quarter worth $120,000. Finally, IndexIQ Advisors LLC acquired a new stake in Cloud Peak Energy in the second quarter worth $123,000. Institutional investors own 79.46% of the company’s stock.
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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