Cloud Peak Energy Inc (NYSE:CLD) received a $4.00 price objective from investment analysts at BMO Capital Markets in a report released on Saturday, August 5th. The brokerage currently has a “hold” rating on the mining company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 33.33% from the company’s current price.
CLD has been the subject of several other research reports. BidaskClub cut Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Cloud Peak Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $6.00 price target on shares of Cloud Peak Energy in a research note on Friday, July 21st. ValuEngine cut Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, MKM Partners reissued a “neutral” rating and issued a $4.00 price target (down previously from $6.00) on shares of Cloud Peak Energy in a research note on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Cloud Peak Energy has a consensus rating of “Hold” and an average price target of $5.41.
Shares of Cloud Peak Energy (NYSE:CLD) traded up 2.39% during midday trading on Friday, reaching $3.00. 1,144,023 shares of the company were exchanged. The company’s market capitalization is $225.39 million. The firm’s 50 day moving average is $3.42 and its 200-day moving average is $3.97. Cloud Peak Energy has a 52-week low of $2.90 and a 52-week high of $8.04.
Cloud Peak Energy (NYSE:CLD) last released its earnings results on Thursday, July 27th. The mining company reported ($0.04) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.04). Cloud Peak Energy had a positive return on equity of 0.54% and a negative net margin of 0.47%. The company had revenue of $229.20 million for the quarter, compared to analysts’ expectations of $236.94 million. During the same quarter in the previous year, the business posted $0.48 EPS. The business’s revenue for the quarter was up 31.6% on a year-over-year basis. On average, equities analysts forecast that Cloud Peak Energy will post ($0.49) earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of CLD. MARSHALL WACE ASIA Ltd bought a new stake in Cloud Peak Energy during the first quarter valued at $5,249,000. Russell Investments Group Ltd. raised its stake in Cloud Peak Energy by 44.3% in the first quarter. Russell Investments Group Ltd. now owns 1,200,432 shares of the mining company’s stock valued at $5,498,000 after buying an additional 368,260 shares during the period. Laurion Capital Management LP bought a new stake in Cloud Peak Energy during the first quarter valued at $1,083,000. Great West Life Assurance Co. Can raised its stake in Cloud Peak Energy by 25.5% in the first quarter. Great West Life Assurance Co. Can now owns 95,198 shares of the mining company’s stock valued at $435,000 after buying an additional 19,366 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Cloud Peak Energy by 7.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,280 shares of the mining company’s stock valued at $187,000 after buying an additional 2,270 shares during the period. Hedge funds and other institutional investors own 81.08% 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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