Published On: Mon, Sep 19th, 2016

Cloud Peak Energy Inc. (CLD) Shares Up 4.7%

Cloud Peak Energy Inc. (NYSE:CLD)’s share price shot up 4.7% during mid-day trading on Monday . The stock traded as high as $3.58 and last traded at $3.57, with a volume of 485,851 shares. The stock had previously closed at $3.41.
Several brokerages have recently weighed in on CLD. Zacks Investment Research downgraded shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. FBR & Co increased their target price on shares of Cloud Peak Energy from $1.25 to $1.75 and gave the stock an “underperform” rating in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Cloud Peak Energy presently has an average rating of “Hold” and an average target price of $6.28.
The company’s 50 day moving average price is $3.65 and its 200 day moving average price is $2.49. The stock’s market capitalization is $211.24 million.

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Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings data on Thursday, July 28th. The mining company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.79. Cloud Peak Energy had a negative net margin of 16.17% and a positive return on equity of 3.70%. The firm had revenue of $174.20 million for the quarter, compared to analyst estimates of $171.57 million. During the same quarter in the previous year, the business posted ($0.87) EPS. The firm’s revenue was down 28.6% compared to the same quarter last year. Analysts forecast that Cloud Peak Energy Inc. will post ($0.52) EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Menta Capital LLC increased its stake in Cloud Peak Energy by 5.4% in the first quarter. Menta Capital LLC now owns 56,312 shares of the mining company’s stock valued at $110,000 after buying an additional 2,898 shares during the last quarter. Brandes Investment Partners LP bought a new stake in Cloud Peak Energy during the second quarter valued at $145,000. LMR Partners LLP bought a new stake in Cloud Peak Energy during the second quarter valued at $157,000. JPMorgan Chase & Co. bought a new stake in Cloud Peak Energy during the second quarter valued at $199,000. Finally, Cubist Systematic Strategies LLC increased its stake in Cloud Peak Energy by 17.6% in the second quarter. Cubist Systematic Strategies LLC now owns 99,374 shares of the mining company’s stock valued at $205,000 after buying an additional 14,887 shares during the last quarter. 77.13% of the stock is owned by institutional investors.
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). The Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine, and the Spring Creek Mine. The Company operates through two segments: Owned and Operated Mines segment, and Logistics and Related Activities.

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