Cloud Peak Energy Inc (NYSE:CLD) shares shot up 1.2% during mid-day trading on Wednesday . The stock traded as high as $4.40 and last traded at $4.28. 1,102,745 shares were traded during mid-day trading, an increase of 42% from the average session volume of 777,914 shares. The stock had previously closed at $4.33.
Several brokerages have recently issued reports on CLD. BidaskClub cut shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Stifel Nicolaus reissued a “buy” rating and set a $6.00 price objective on shares of Cloud Peak Energy in a research report on Friday, October 13th. Zacks Investment Research raised Cloud Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. BMO Capital Markets set a $4.00 price objective on Cloud Peak Energy and gave the company a “hold” rating in a research report on Saturday, August 5th. Finally, ValuEngine lowered Cloud Peak Energy from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $5.29.
The company’s market cap is $330.95 million. The firm’s 50-day moving average is $3.44 and its 200-day moving average is $3.53.
Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.04) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.04). Cloud Peak Energy had a positive return on equity of 0.54% and a negative net margin of 0.47%. The firm had revenue of $229.20 million for the quarter, compared to the consensus estimate of $236.94 million. During the same quarter last year, the business posted $0.48 earnings per share. The firm’s revenue was up 31.6% compared to the same quarter last year. On average, analysts forecast that Cloud Peak Energy Inc will post ($0.44) earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of CLD. Great West Life Assurance Co. Can grew its stake 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 purchasing an additional 19,366 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Cloud Peak Energy by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 54,799 shares of the mining company’s stock worth $193,000 after buying an additional 523 shares during the last quarter. State of Tennessee Treasury Department lifted its holdings in Cloud Peak Energy by 45.3% during the 1st quarter. State of Tennessee Treasury Department now owns 70,844 shares of the mining company’s stock worth $324,000 after buying an additional 22,095 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Cloud Peak Energy by 27.9% during the 1st quarter. Vanguard Group Inc. now owns 3,581,492 shares of the mining company’s stock worth $16,403,000 after buying an additional 782,138 shares during the last quarter. Finally, Loews Corp lifted its holdings in Cloud Peak Energy by 14.3% during the 2nd quarter. Loews Corp now owns 1,200,000 shares of the mining company’s stock worth $4,236,000 after buying an additional 150,000 shares during the last quarter. 81.14% of the stock is owned by institutional investors and hedge funds.
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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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