Cloud Peak Energy Inc (CLD) Upgraded at Zacks Investment Research

Cloud Peak Energy Inc (NYSE:CLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday, September 12th.

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 analysts have also recently issued reports on the company. ValuEngine lowered Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Stifel Nicolaus set a $6.00 target price on Cloud Peak Energy and gave the company a “buy” rating in a report on Friday, August 25th. BMO Capital Markets set a $4.00 price objective on Cloud Peak Energy and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Finally, BidaskClub lowered Cloud Peak Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $5.41.

Cloud Peak Energy (NYSE CLD) opened at 3.59 on Tuesday. Cloud Peak Energy has a 12-month low of $2.78 and a 12-month high of $8.03. The stock’s 50 day moving average is $3.15 and its 200 day moving average is $3.60. The firm’s market cap is $269.72 million.

Cloud Peak Energy (NYSE:CLD) last issued its earnings results on Thursday, July 27th. The mining company reported ($0.04) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). The business had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $236.94 million. Cloud Peak Energy had a positive return on equity of 0.54% and a negative net margin of 0.47%. Cloud Peak Energy’s revenue was up 31.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. On average, equities research analysts expect that Cloud Peak Energy will post ($0.47) EPS for the current year.

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A number of large investors have recently bought and sold shares of CLD. Louisiana State Employees Retirement System lifted its holdings in Cloud Peak Energy by 23.5% during the 1st quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the mining company’s stock worth $140,000 after buying an additional 5,800 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Cloud Peak Energy by 44.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,200,432 shares of the mining company’s stock worth $5,498,000 after buying an additional 368,260 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in Cloud Peak Energy by 25.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 95,198 shares of the mining company’s stock worth $435,000 after buying an additional 19,366 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Cloud Peak Energy by 28.2% during the 1st quarter. Bank of New York Mellon Corp now owns 622,393 shares of the mining company’s stock worth $2,851,000 after buying an additional 136,738 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Cloud Peak Energy by 78.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 24,555 shares of the mining company’s stock worth $112,000 after buying an additional 10,801 shares in the last quarter. 81.14% of the stock is currently owned by hedge funds and other institutional investors.

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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