Cloud Peak Energy (CLD) Bonds Trading 5% Lower

An issue of Cloud Peak Energy Inc. (NYSE:CLD) bonds fell 5% against their face value during trading on Thursday. The high-yield debt issue has a 12% coupon and is set to mature on November 1, 2021. The debt is now trading at $25.50. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

CLD has been the topic of several recent research reports. Zacks Investment Research lowered shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. BMO Capital Markets set a $4.00 price target on shares of Cloud Peak Energy and gave the stock a “hold” rating in a research report on Thursday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $2.25.

Cloud Peak Energy stock traded down $0.01 during mid-day trading on Thursday, hitting $0.19. The company’s stock had a trading volume of 4,908,698 shares, compared to its average volume of 6,906,396. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.52 and a current ratio of 2.05. The firm has a market cap of $15.84 million, a price-to-earnings ratio of -0.45 and a beta of 2.66. Cloud Peak Energy Inc. has a twelve month low of $0.16 and a twelve month high of $4.10.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its position in Cloud Peak Energy by 1.9% in the fourth quarter. BlackRock Inc. now owns 10,583,555 shares of the mining company’s stock worth $3,877,000 after buying an additional 198,804 shares during the last quarter. Vanguard Group Inc grew its position in Cloud Peak Energy by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 4,698,036 shares of the mining company’s stock worth $10,805,000 after purchasing an additional 58,484 shares in the last quarter. Vanguard Group Inc. grew its position in Cloud Peak Energy by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,698,036 shares of the mining company’s stock worth $10,805,000 after purchasing an additional 58,484 shares in the last quarter. Bank of New York Mellon Corp grew its position in Cloud Peak Energy by 4.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,171,763 shares of the mining company’s stock worth $4,995,000 after purchasing an additional 95,543 shares in the last quarter. Finally, Northern Trust Corp grew its position in Cloud Peak Energy by 2.7% during the 2nd quarter. Northern Trust Corp now owns 1,415,207 shares of the mining company’s stock worth $4,939,000 after purchasing an additional 36,751 shares in the last quarter. Hedge funds and other institutional investors own 77.91% of the company’s stock.

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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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