Cloud Peak Energy (CLD) Downgraded by Zacks Investment Research

Cloud Peak Energy (NYSE:CLD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

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. “

Other research analysts also recently issued research reports about the company. ValuEngine upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Jefferies Financial Group set a $3.00 price target on Cloud Peak Energy and gave the company a “hold” rating in a report on Monday, July 30th. BMO Capital Markets reduced their price target on Cloud Peak Energy from $4.00 to $3.00 and set a “market perform” rating on the stock in a report on Friday, July 27th. B. Riley reduced their price target on Cloud Peak Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Monday, July 30th. Finally, Clarkson Capital downgraded Cloud Peak Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $3.35.

Shares of CLD traded up $0.07 during trading hours on Tuesday, hitting $2.35. The company had a trading volume of 393,200 shares, compared to its average volume of 738,638. The company has a market cap of $174.29 million, a P/E ratio of -5.47 and a beta of 1.99. The company has a current ratio of 1.86, a quick ratio of 1.29 and a debt-to-equity ratio of 0.42. Cloud Peak Energy has a 52-week low of $2.14 and a 52-week high of $5.70.

Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings data on Thursday, July 26th. The mining company reported ($0.39) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.25). The company had revenue of $205.70 million during the quarter, compared to analysts’ expectations of $230.72 million. Cloud Peak Energy had a negative return on equity of 4.68% and a negative net margin of 1.94%. The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.09) EPS. Equities research analysts forecast that Cloud Peak Energy will post -0.58 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. OppenheimerFunds Inc. boosted its position in Cloud Peak Energy by 14.3% during the 1st quarter. OppenheimerFunds Inc. now owns 153,976 shares of the mining company’s stock valued at $448,000 after acquiring an additional 19,221 shares in the last quarter. Mackay Shields LLC boosted its position in Cloud Peak Energy by 6.0% during the 2nd quarter. Mackay Shields LLC now owns 357,600 shares of the mining company’s stock valued at $1,248,000 after acquiring an additional 20,100 shares in the last quarter. SG Americas Securities LLC boosted its position in Cloud Peak Energy by 160.7% during the 2nd quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock valued at $143,000 after acquiring an additional 25,248 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in Cloud Peak Energy by 219.7% during the 2nd quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock valued at $138,000 after acquiring an additional 27,108 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Cloud Peak Energy by 0.5% during the 2nd quarter. Renaissance Technologies LLC now owns 5,900,700 shares of the mining company’s stock valued at $20,593,000 after acquiring an additional 27,800 shares in the last quarter. 81.78% of the stock is currently owned by institutional investors and hedge funds.

Cloud Peak Energy Company Profile

Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.

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