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 announced its earnings results on Wednesday, February 15th. The mining company reported $0.39 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.44. The company had revenue of $227.90 million for the quarter, compared to analysts’ expectations of $231.38 million. Cloud Peak Energy had a positive return on equity of 2.60% and a negative net margin of 19.07%.
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A number of other equities research analysts have also commented on the company. Jefferies Group LLC began coverage on Cloud Peak Energy in a research report on Tuesday, March 7th. They issued a “hold” rating and a $5.00 price target on the stock. Zacks Investment Research upgraded Cloud Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 22nd. Clarkson Capital upgraded Cloud Peak Energy from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 15th. JPMorgan Chase & Co. upgraded Cloud Peak Energy from a “neutral” rating to an “overweight” rating and set a $7.00 target price on the stock in a research report on Monday, January 30th. Finally, BMO Capital Markets restated a “hold” rating and set a $7.00 target price on shares of Cloud Peak Energy in a research report on Thursday, December 29th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Cloud Peak Energy currently has an average rating of “Hold” and an average price target of $6.34.
Shares of Cloud Peak Energy (NYSE:CLD) traded down 3.333% during mid-day trading on Friday, hitting $3.915. The 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. The stock has a 50 day moving average price of $4.32 and a 200 day moving average price of $5.44. Cloud Peak Energy has a 52 week low of $1.64 and a 52 week high of $8.04.
A number of hedge funds and other institutional investors have recently made changes to their positions in CLD. Bank of Montreal Can purchased a new position in shares of Cloud Peak Energy during the third quarter valued at about $109,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Cloud Peak Energy by 242.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 22,011 shares of the mining company’s stock valued at $123,000 after buying an additional 15,590 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Cloud Peak Energy by 23.5% in the first quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the mining company’s stock valued at $140,000 after buying an additional 5,800 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Cloud Peak Energy during the fourth quarter valued at about $150,000. Finally, Mountain Lake Investment Management LLC purchased a new position in shares of Cloud Peak Energy during the third quarter valued at about $168,000. Institutional investors and hedge funds own 70.96% 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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