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Cloud Peak Energy Inc. (NYSE:CLD) shares were down 10% during trading on Friday after BMO Capital Markets lowered their price target on the stock from $3.00 to $2.00. BMO Capital Markets currently has a hold rating on the stock. Cloud Peak Energy traded as low as $1.83 and last traded at $1.89. Approximately 935,499 shares traded hands during trading, an increase of 28% from the average daily volume of 730,808 shares. The stock had previously closed at $2.10.
Several other brokerages have also issued reports on CLD. Zacks Investment Research lowered shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. B. Riley reduced their price objective on shares of Cloud Peak Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a report on Monday, July 30th. Clarkson Capital lowered shares of Cloud Peak Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, July 24th. ValuEngine upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating in a report on Monday, July 30th. Finally, Jefferies Financial Group set a $3.00 price objective on shares of Cloud Peak Energy and gave the company a “hold” rating in a report on Monday, July 30th. Two investment badysts have rated the stock with a sell rating, four have badigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $3.15.
A number of institutional investors and hedge funds have recently modified their holdings of CLD. OppenheimerFunds Inc. increased its stake in Cloud Peak Energy by 14.3% during the first quarter. OppenheimerFunds Inc. now owns 153,976 shares of the mining company’s stock worth $448,000 after purchasing an additional 19,221 shares during the period. Mackay Shields LLC increased its stake in Cloud Peak Energy by 6.0% during the second quarter. Mackay Shields LLC now owns 357,600 shares of the mining company’s stock worth $1,248,000 after purchasing an additional 20,100 shares during the period. SG Americas Securities LLC increased its stake in Cloud Peak Energy by 160.7% during the second quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock worth $143,000 after purchasing an additional 25,248 shares during the period. MetLife Investment Advisors LLC increased its stake in Cloud Peak Energy by 219.7% during the second quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock worth $138,000 after purchasing an additional 27,108 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Cloud Peak Energy by 0.5% during the second quarter. Renaissance Technologies LLC now owns 5,900,700 shares of the mining company’s stock worth $20,593,000 after purchasing an additional 27,800 shares during the period. Hedge funds and other institutional investors own 81.78% of the company’s stock.
The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.29 and a current ratio of 1.86. The company has a market capitalization of $159.13 million, a PE ratio of -4.40 and a beta of 1.99.
Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings results on Thursday, October 25th. The mining company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.24. The company had revenue of $233.08 million for the quarter, compared to badyst estimates of $244.03 million. Cloud Peak Energy had a negative net margin of 0.81% and a negative return on equity of 3.66%. On average, badysts expect that Cloud Peak Energy Inc. will post -0.61 EPS for the current fiscal year.
Cloud Peak Energy Company Profile (NYSE:CLD)
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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