Analysts Set Cloud Peak Energy Inc (CLD) PT at $4.79

Cloud Peak Energy Inc (NYSE:CLD) has been assigned an average rating of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.79.

A number of brokerages have weighed in on CLD. Stifel Nicolaus reaffirmed a “buy” rating and set a $6.00 target price on shares of Cloud Peak Energy in a research report on Friday, October 13th. ValuEngine lowered Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research raised Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $4.75 target price for the company in a research report on Tuesday, November 14th. BMO Capital Markets set a $5.00 target price on Cloud Peak Energy and gave the company a “hold” rating in a research report on Friday, October 27th. Finally, B. Riley reissued a “neutral” rating on shares of Cloud Peak Energy in a research report on Wednesday, November 1st.

Shares of Cloud Peak Energy (CLD) traded down $0.10 during midday trading on Thursday, reaching $4.26. The company’s stock had a trading volume of 2,366,847 shares, compared to its average volume of 1,151,586. The company has a current ratio of 2.14, a quick ratio of 1.61 and a debt-to-equity ratio of 0.41. The company has a market cap of $320.10, a price-to-earnings ratio of 53.25 and a beta of 1.61. Cloud Peak Energy has a 1-year low of $2.78 and a 1-year high of $6.30.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLD. State Street Corp raised its position in shares of Cloud Peak Energy by 231.3% in the 2nd quarter. State Street Corp now owns 1,329,134 shares of the mining company’s stock worth $4,691,000 after acquiring an additional 927,987 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Cloud Peak Energy by 47.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,832,085 shares of the mining company’s stock worth $10,367,000 after acquiring an additional 915,266 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Cloud Peak Energy by 21.0% in the 2nd quarter. Renaissance Technologies LLC now owns 4,592,000 shares of the mining company’s stock worth $16,210,000 after acquiring an additional 796,400 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Cloud Peak Energy by 27.9% in the 1st quarter. Vanguard Group Inc. now owns 3,581,492 shares of the mining company’s stock worth $16,403,000 after acquiring an additional 782,138 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Cloud Peak Energy by 17.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,150,906 shares of the mining company’s stock worth $18,183,000 after acquiring an additional 751,657 shares in the last quarter. 79.46% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Cloud Peak Energy (NYSE:CLD)

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