Cloud Peak Energy (CLD) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Cloud Peak Energy (NYSE:CLD) from a buy rating to a hold rating in a report published on Friday.

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 equities research analysts also recently issued reports on the stock. Stifel Nicolaus reaffirmed a buy rating and set a $7.00 price target on shares of Cloud Peak Energy in a research note on Tuesday, January 16th. JPMorgan Chase & Co. downgraded shares of Cloud Peak Energy from an overweight rating to a neutral rating in a research note on Monday, November 20th. B. Riley reissued a neutral rating on shares of Cloud Peak Energy in a research note on Wednesday, November 1st. TheStreet raised shares of Cloud Peak Energy from a d+ rating to a c- rating in a research note on Friday, October 27th. Finally, BMO Capital Markets set a $5.00 target price on shares of Cloud Peak Energy and gave the company a hold rating in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $5.00.

Cloud Peak Energy (CLD) traded down $0.93 during trading on Friday, reaching $3.35. 4,451,996 shares of the company were exchanged, compared to its average volume of 995,167. The stock has a market capitalization of $321.61, a P/E ratio of -25.77 and a beta of 1.80. 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 52 week low of $2.78 and a 52 week high of $6.30.

Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings results on Thursday, February 15th. The mining company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.15). The business had revenue of $213.89 million for the quarter, compared to analysts’ expectations of $244.38 million. Cloud Peak Energy had a negative net margin of 0.75% and a negative return on equity of 3.31%. Cloud Peak Energy’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. sell-side analysts anticipate that Cloud Peak Energy will post -0.06 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial For Lutherans boosted its holdings in shares of Cloud Peak Energy by 4.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 44,860 shares of the mining company’s stock valued at $158,000 after buying an additional 1,730 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Cloud Peak Energy by 17.5% in the 4th quarter. Acadian Asset Management LLC now owns 70,539 shares of the mining company’s stock valued at $314,000 after buying an additional 10,503 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Cloud Peak Energy by 49.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 57,045 shares of the mining company’s stock valued at $209,000 after buying an additional 18,870 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Cloud Peak Energy by 81.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 52,406 shares of the mining company’s stock valued at $192,000 after buying an additional 23,502 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Cloud Peak Energy by 8.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 311,754 shares of the mining company’s stock valued at $1,387,000 after buying an additional 24,630 shares in the last quarter. 79.44% of the stock is currently owned by institutional investors and hedge funds.

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Cloud Peak Energy Company Profile

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.

Analyst Recommendations for Cloud Peak Energy (NYSE:CLD)

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