Cloud Peak Energy Inc (NYSE:CLD) Receives $5.29 Consensus Target Price from Analysts

Shares of Cloud Peak Energy Inc (NYSE:CLD) have earned an average recommendation of “Hold” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $5.29.

CLD has been the topic of several recent research reports. Stifel Nicolaus set a $7.00 price objective on shares of Cloud Peak Energy and gave the stock a “buy” rating in a research note on Monday, May 1st. BMO Capital Markets set a $4.00 price objective on shares of Cloud Peak Energy and gave the stock a “hold” rating in a research note on Tuesday, July 4th. Zacks Investment Research raised shares of Cloud Peak Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 20th. ValuEngine cut shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, MKM Partners reiterated a “neutral” rating and issued a $4.00 target price (down from $6.00) on shares of Cloud Peak Energy in a report on Wednesday, May 10th.

Several hedge funds have recently bought and sold shares of CLD. Thrivent Financial for Lutherans boosted its stake in Cloud Peak Energy by 7.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 33,280 shares of the mining company’s stock valued at $187,000 after buying an additional 2,270 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Cloud Peak Energy by 23.5% in the first quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the mining company’s stock valued at $140,000 after buying an additional 5,800 shares in the last quarter. Shell Asset Management Co. bought a new stake in Cloud Peak Energy during the first quarter valued at approximately $1,175,000. Russell Investments Group Ltd. boosted its stake in Cloud Peak Energy by 44.3% in the first quarter. Russell Investments Group Ltd. now owns 1,200,432 shares of the mining company’s stock valued at $5,498,000 after buying an additional 368,260 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Cloud Peak Energy by 25.5% in the first quarter. Great West Life Assurance Co. Can now owns 95,198 shares of the mining company’s stock valued at $435,000 after buying an additional 19,366 shares in the last quarter. Institutional investors and hedge funds own 81.08% of the company’s stock.

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Shares of Cloud Peak Energy (CLD) traded up 0.98% during mid-day trading on Friday, hitting $3.10. 650,636 shares of the company’s stock traded hands. The stock’s market cap is $232.91 million. Cloud Peak Energy has a 1-year low of $2.90 and a 1-year high of $8.03. The stock has a 50 day moving average price of $3.50 and a 200-day moving average price of $4.03.

Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings data on Thursday, July 27th. The mining company reported ($0.04) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). The company had revenue of $229.20 million for the quarter, compared to analysts’ expectations of $236.94 million. Cloud Peak Energy had a negative net margin of 0.47% and a positive return on equity of 0.54%. The business’s revenue was up 31.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. Equities research analysts anticipate that Cloud Peak Energy will post ($0.49) EPS for the current fiscal year.

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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