Cloud Peak Energy Inc. (NYSE:CLD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.
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 equities research analysts have also recently commented on the company. FBR & Co cut Cloud Peak Energy from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $1.50 to $1.25 in a research note on Friday, April 29th. Clarkson Capital upgraded Cloud Peak Energy from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $26.00 to $24.00 in a research note on Monday, March 28th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $5.93.
Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings data on Thursday, April 28th. The mining company reported ($0.53) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.38. During the same period in the prior year, the firm earned ($0.05) earnings per share. The firm earned $181.25 million during the quarter, compared to analyst estimates of $207.08 million. The company’s revenue for the quarter was down 42.9% on a year-over-year basis. Analysts expect that Cloud Peak Energy will post ($0.92) earnings per share for the current fiscal year.
Several hedge funds and institutional investors have recently made changes to their positions in CLD. A.R.T. Advisors LLC boosted its position in shares of Cloud Peak Energy by 137.5% in the first quarter. A.R.T. Advisors LLC now owns 399,680 shares of the mining company’s stock worth $779,000 after buying an additional 231,400 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Cloud Peak Energy during the first quarter worth $1,025,000. Renaissance Technologies LLC purchased a new position in shares of Cloud Peak Energy during the first quarter worth $947,000. Spark Investment Management LLC purchased a new position in shares of Cloud Peak Energy during the first quarter worth $2,147,000. Finally, Menta Capital LLC boosted its position in shares of Cloud Peak Energy by 5.4% in the first quarter. Menta Capital LLC now owns 56,312 shares of the mining company’s stock worth $110,000 after buying an additional 2,898 shares in the last quarter.
Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River basin (PRB). The Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine, and the Spring Creek Mine. The Company operates through two segments: Owned and Operated Mines segment, and Logistics and Related Activities.
