Zacks Investment Research Lowers Cloud Peak Energy Inc (CLD) to Hold

Zacks Investment Research downgraded shares of Cloud Peak Energy Inc (NYSE:CLD) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

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. “

Several other analysts have also issued reports on CLD. B. Riley reiterated a neutral rating on shares of Cloud Peak Energy in a report on Wednesday, November 1st. BidaskClub lowered Cloud Peak Energy from a hold rating to a sell rating in a report on Tuesday, July 25th. ValuEngine lowered Cloud Peak Energy from a buy rating to a hold rating in a report on Friday, July 28th. BMO Capital Markets set a $4.00 target price on Cloud Peak Energy and gave the stock a hold rating in a report on Saturday, August 5th. Finally, Stifel Nicolaus reiterated a buy rating and set a $6.00 target price on shares of Cloud Peak Energy in a report on Friday, July 21st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $5.11.

Cloud Peak Energy (NYSE CLD) opened at $4.29 on Monday. Cloud Peak Energy has a 52 week low of $2.78 and a 52 week high of $6.92. The company has a quick ratio of 1.61, a current ratio of 2.14 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $316.35, a PE ratio of 52.63 and a beta of 1.64.

Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings results on Thursday, October 26th. The mining company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $249.00 million during the quarter, compared to the consensus estimate of $254.82 million. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. equities research analysts predict that Cloud Peak Energy will post -0.39 EPS for the current year.

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A number of large investors have recently modified their holdings of CLD. State Street Corp grew its position in Cloud Peak Energy by 231.3% during the second quarter. State Street Corp now owns 1,329,134 shares of the mining company’s stock worth $4,691,000 after buying an additional 927,987 shares in the last quarter. Russell Investments Group Ltd. grew its position in Cloud Peak Energy by 47.7% during the third quarter. Russell Investments Group Ltd. now owns 2,832,085 shares of the mining company’s stock worth $10,367,000 after buying an additional 915,266 shares in the last quarter. Renaissance Technologies LLC grew its position in Cloud Peak Energy by 21.0% during the second quarter. Renaissance Technologies LLC now owns 4,592,000 shares of the mining company’s stock worth $16,210,000 after buying an additional 796,400 shares in the last quarter. Vanguard Group Inc. grew its position in Cloud Peak Energy by 27.9% during the first quarter. Vanguard Group Inc. now owns 3,581,492 shares of the mining company’s stock worth $16,403,000 after buying an additional 782,138 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Cloud Peak Energy by 17.1% during the second quarter. Dimensional Fund Advisors LP now owns 5,150,906 shares of the mining company’s stock worth $18,183,000 after purchasing an additional 751,657 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.

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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