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

Cloud Peak Energy (NYSE:CLD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

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 research firms also recently weighed in on CLD. MKM Partners set a $2.00 target price on Cloud Peak Energy and gave the company a “hold” rating in a research report on Friday, November 2nd. B. Riley dropped their target price on Cloud Peak Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research report on Monday, July 30th. BMO Capital Markets dropped their target price on Cloud Peak Energy from $4.00 to $3.00 and set a “market perform” rating for the company in a research report on Friday, July 27th. ValuEngine raised Cloud Peak Energy from a “hold” rating to a “buy” rating in a research report on Monday, July 30th. Finally, Jefferies Financial Group set a $3.00 target price on Cloud Peak Energy and gave the company a “hold” rating in a research report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $2.83.

Shares of NYSE:CLD traded down $0.09 during midday trading on Thursday, reaching $1.64. 498,300 shares of the company’s stock were exchanged, compared to its average volume of 722,820. The company has a current ratio of 2.02, a quick ratio of 1.52 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $134.13 million, a price-to-earnings ratio of -3.81 and a beta of 2.12. Cloud Peak Energy has a fifty-two week low of $1.63 and a fifty-two week high of $5.70.

Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, October 25th. The mining company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.24. The firm had revenue of $233.08 million during the quarter, compared to the consensus estimate of $244.03 million. Cloud Peak Energy had a negative return on equity of 3.66% and a negative net margin of 0.81%. As a group, equities research analysts predict that Cloud Peak Energy will post -0.48 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CLD. Wells Fargo & Company MN grew its position in shares of Cloud Peak Energy by 81.7% during the first quarter. Wells Fargo & Company MN now owns 213,684 shares of the mining company’s stock worth $622,000 after buying an additional 96,069 shares in the last quarter. BlackRock Inc. grew its position in shares of Cloud Peak Energy by 2.1% during the first quarter. BlackRock Inc. now owns 9,439,474 shares of the mining company’s stock worth $27,468,000 after buying an additional 193,166 shares in the last quarter. Hartford Investment Management Co. acquired a new position in shares of Cloud Peak Energy during the second quarter worth about $183,000. Cornerstone Wealth Management LLC acquired a new position in shares of Cloud Peak Energy during the second quarter worth about $8,157,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Cloud Peak Energy by 4.0% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,035,148 shares of the mining company’s stock worth $7,103,000 after buying an additional 78,070 shares in the last quarter. 81.32% of the stock is owned by institutional investors.

About Cloud Peak Energy

Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.

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