Cloud Peak Energy Inc. (NYSE:CLD) – FBR & Co lifted their Q1 2017 earnings per share estimates for Cloud Peak Energy in a note issued to investors on Thursday, according to Zacks Investment Research. FBR & Co analyst L. Pipes now anticipates that the mining company will post earnings per share of $0.03 for the quarter, up from their prior estimate of $0.02. FBR & Co has a “Market Perform” rating and a $4.00 price objective on the stock.
Cloud Peak Energy (NYSE:CLD) last issued its earnings results on Wednesday, February 15th. The mining company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.44. Cloud Peak Energy had a positive return on equity of 2.60% and a negative net margin of 19.07%. The firm had revenue of $227.90 million for the quarter, compared to analysts’ expectations of $231.38 million.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Cloud Peak Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 19th. BMO Capital Markets reissued a “hold” rating and issued a $7.00 price objective on shares of Cloud Peak Energy in a research note on Thursday, December 29th. Jefferies Group LLC started coverage on Cloud Peak Energy in a research note on Tuesday, March 7th. They issued a “hold” rating and a $5.00 price objective for the company. Clarkson Capital raised Cloud Peak Energy from a “sell” rating to a “neutral” rating in a research note on Wednesday, February 15th. Finally, JPMorgan Chase & Co. raised Cloud Peak Energy from a “neutral” rating to an “overweight” rating and set a $7.00 price objective for the company in a research note on Monday, January 30th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $6.34.
Shares of Cloud Peak Energy (NYSE:CLD) traded down 3.333% during trading on Friday, reaching $3.915. The company’s stock had a trading volume of 1,047,391 shares. The firm has a market cap of $231.48 million, a PE ratio of 11.186 and a beta of 1.25. Cloud Peak Energy has a 12 month low of $1.64 and a 12 month high of $8.04. The company’s 50 day moving average price is $4.32 and its 200 day moving average price is $5.44.
A number of hedge funds have recently added to or reduced their stakes in the company. Scopus Asset Management L.P. purchased a new stake in Cloud Peak Energy during the third quarter worth about $1,090,000. Renaissance Technologies LLC increased its stake in Cloud Peak Energy by 66.0% in the fourth quarter. Renaissance Technologies LLC now owns 2,799,000 shares of the mining company’s stock worth $15,702,000 after buying an additional 1,112,900 shares in the last quarter. Phoenix Investment Adviser LLC increased its stake in Cloud Peak Energy by 30.2% in the third quarter. Phoenix Investment Adviser LLC now owns 263,082 shares of the mining company’s stock worth $1,431,000 after buying an additional 61,000 shares in the last quarter. Systematic Financial Management LP purchased a new stake in Cloud Peak Energy during the fourth quarter worth about $2,723,000. Finally, USA Financial Portformulas Corp purchased a new stake in Cloud Peak Energy during the fourth quarter worth about $231,000. 70.96% of the stock is 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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