FY2017 EPS Estimates for Cloud Peak Energy Inc Raised by FBR & Co (CLD)

Cloud Peak Energy Inc (NYSE:CLD) – Equities researchers at FBR & Co upped their FY2017 earnings per share (EPS) estimates for shares of Cloud Peak Energy in a research note issued to investors on Monday. FBR & Co analyst L. Pipes now forecasts that the mining company will post earnings of ($0.37) per share for the year, up from their previous forecast of ($0.53). FBR & Co also issued estimates for Cloud Peak Energy’s Q4 2017 earnings at ($0.04) EPS, FY2018 earnings at ($0.22) EPS and FY2019 earnings at ($0.49) EPS.

Cloud Peak Energy (NYSE:CLD) last issued its earnings results on Thursday, October 26th. The mining company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The firm had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $254.82 million. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share.

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Other analysts have also recently issued reports about the stock. Stifel Nicolaus restated a “buy” rating and issued a $6.00 price target on shares of Cloud Peak Energy in a report on Friday, July 21st. Zacks Investment Research upgraded shares of Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Thursday, October 19th. TheStreet upgraded shares of Cloud Peak Energy from a “d+” rating to a “c-” rating in a report on Friday, October 27th. BMO Capital Markets set a $4.00 price target on shares of Cloud Peak Energy and gave the company a “hold” rating in a report on Saturday, August 5th. Finally, ValuEngine cut shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.38.

Several institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System raised its position in shares of Cloud Peak Energy by 0.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock valued at $108,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System raised its position in shares of Cloud Peak Energy by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 39,153 shares of the mining company’s stock valued at $138,000 after purchasing an additional 100 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Cloud Peak Energy by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 54,799 shares of the mining company’s stock valued at $193,000 after purchasing an additional 523 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Cloud Peak Energy by 0.8% in the 2nd quarter. Prudential Financial Inc. now owns 122,295 shares of the mining company’s stock valued at $432,000 after purchasing an additional 920 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Cloud Peak Energy by 4.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 44,860 shares of the mining company’s stock valued at $158,000 after purchasing an additional 1,730 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other 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). 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.

Earnings History and Estimates for Cloud Peak Energy (NYSE:CLD)

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