Cloud Peak Energy Inc (NYSE:CLD) PT Set at $4.00 by BMO Capital Markets

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.

Analyst Recommendations for Cloud Peak Energy (NYSE:CLD)

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