Cloud Peak Energy (CLD) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Cloud Peak Energy (NYSE:CLD) from a hold rating to a strong-buy rating in a report released on Monday. The firm currently has $5.00 price target on the mining company’s stock.

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. “

CLD has been the topic of a number of other reports. TheStreet upgraded shares of Cloud Peak Energy from a d+ rating to a c- rating in a research report on Friday, October 27th. Stifel Nicolaus reiterated a buy rating and set a $6.00 price target on shares of Cloud Peak Energy in a research report on Friday, October 13th. BMO Capital Markets set a $5.00 price target on shares of Cloud Peak Energy and gave the company a hold rating in a research report on Friday, October 27th. JPMorgan Chase & Co. cut shares of Cloud Peak Energy from an overweight rating to a neutral rating in a research report on Monday, November 20th. Finally, B. Riley reiterated a neutral rating on shares of Cloud Peak Energy in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $5.14.

Cloud Peak Energy (NYSE:CLD) opened at $4.90 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.61. The firm has a market cap of $360.68, a P/E ratio of 163.39 and a beta of 1.61. Cloud Peak Energy has a 52-week low of $2.78 and a 52-week high of $6.30.

Cloud Peak Energy (NYSE:CLD) last posted its quarterly earnings data on Thursday, October 26th. The mining company reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company had revenue of $249.00 million during the quarter, compared to the consensus estimate of $254.82 million. During the same quarter last year, the company posted $0.06 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. analysts anticipate that Cloud Peak Energy will post -0.39 EPS for the current year.

Several large investors have recently added to or reduced their stakes in CLD. Schwab Charles Investment Management Inc. boosted its stake in shares of Cloud Peak Energy by 3.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 132,898 shares of the mining company’s stock valued at $609,000 after purchasing an additional 4,980 shares during the period. Credit Suisse AG boosted its stake in shares of Cloud Peak Energy by 72.7% during the first quarter. Credit Suisse AG now owns 48,983 shares of the mining company’s stock valued at $225,000 after purchasing an additional 20,620 shares during the period. Arizona State Retirement System boosted its stake 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 purchasing an additional 100 shares during the period. Rhumbline Advisers boosted its stake in shares of Cloud Peak Energy by 138.3% during the second quarter. Rhumbline Advisers now owns 144,888 shares of the mining company’s stock valued at $511,000 after purchasing an additional 84,079 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Cloud Peak Energy by 76.5% during the second quarter. SG Americas Securities LLC now owns 79,846 shares of the mining company’s stock valued at $282,000 after purchasing an additional 34,619 shares during the period. 79.25% of the stock is owned by hedge funds and other institutional investors.

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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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