Cloud Peak Energy Inc (CLD) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Cloud Peak Energy Inc (NYSE:CLD) from a buy rating to a hold rating in a report released on Monday.

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. “

A number of other equities research analysts also recently weighed in on CLD. B. Riley reiterated a neutral rating on shares of Cloud Peak Energy in a report on Wednesday, November 1st. BidaskClub downgraded Cloud Peak Energy from a hold rating to a sell rating in a report on Tuesday, July 25th. BMO Capital Markets set a $4.00 target price on Cloud Peak Energy and gave the stock a hold rating in a report on Saturday, August 5th. TheStreet upgraded Cloud Peak Energy from a d+ rating to a c- rating in a report on Friday, October 27th. Finally, Stifel Nicolaus reiterated a buy rating and issued a $6.00 target price on shares of Cloud Peak Energy in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $5.11.

Shares of Cloud Peak Energy (NYSE:CLD) traded down $0.01 on Monday, hitting $4.28. The stock had a trading volume of 1,133,800 shares, compared to its average volume of 1,304,601. Cloud Peak Energy has a 52 week low of $2.78 and a 52 week high of $6.65. The company has a quick ratio of 1.61, a current ratio of 2.14 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $322.36, a P/E ratio of 53.63 and a beta of 1.64.

Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, October 26th. The mining company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The company had revenue of $249.00 million for the quarter, compared to the consensus estimate of $254.82 million. During the same quarter last year, the business earned $0.06 earnings per share. Cloud Peak Energy’s revenue was up 14.7% compared to the same quarter last year. research analysts predict that Cloud Peak Energy will post -0.39 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its holdings in shares of Cloud Peak Energy by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock valued at $108,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Cloud Peak Energy by 0.3% during the second quarter. Arizona State Retirement System now owns 39,153 shares of the mining company’s stock valued at $138,000 after acquiring an additional 100 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Cloud Peak Energy by 1.0% during the second quarter. Texas Permanent School Fund now owns 54,799 shares of the mining company’s stock valued at $193,000 after acquiring an additional 523 shares in the last quarter. Prudential Financial Inc. increased its holdings in shares of Cloud Peak Energy by 0.8% during the second quarter. Prudential Financial Inc. now owns 122,295 shares of the mining company’s stock valued at $432,000 after acquiring an additional 920 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in shares of Cloud Peak Energy by 4.0% during the second quarter. Thrivent Financial For Lutherans now owns 44,860 shares of the mining company’s stock valued at $158,000 after acquiring an additional 1,730 shares in the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

Cloud Peak Energy Company Profile

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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Analyst Recommendations for Cloud Peak Energy (NYSE:CLD)

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