Cloud Peak Energy Inc. (NYSE:CLD) – Equities researchers at FBR & Co dropped their Q4 2016 EPS estimates for shares of Cloud Peak Energy in a note issued to investors on Thursday. FBR & Co analyst L. Pipes now expects that the firm will post earnings of ($0.19) per share for the quarter, down from their previous forecast of ($0.13). FBR & Co has a “Sell” rating and a $4.00 price target on the stock. FBR & Co also issued estimates for Cloud Peak Energy’s FY2017 earnings at ($0.14) EPS and FY2018 earnings at ($0.44) EPS.
Separately, Zacks Investment Research cut Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Monday, August 1st. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Cloud Peak Energy currently has a consensus rating of “Hold” and a consensus price target of $7.28.
Shares of Cloud Peak Energy (NYSE:CLD) opened at 6.14 on Monday. Cloud Peak Energy has a one year low of $1.08 and a one year high of $6.38. The company’s market capitalization is $362.30 million. The company has a 50-day moving average price of $4.65 and a 200 day moving average price of $3.01.
Cloud Peak Energy (NYSE:CLD) last announced its earnings results on Thursday, July 28th. The mining company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.79. Cloud Peak Energy had a positive return on equity of 3.70% and a negative net margin of 16.17%. The business had revenue of $174.20 million for the quarter, compared to analysts’ expectations of $171.57 million. During the same period in the prior year, the business posted ($0.87) earnings per share. The firm’s revenue was down 28.6% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the stock. Towle & Co. boosted its position in shares of Cloud Peak Energy by 1.1% in the second quarter. Towle & Co. now owns 2,508,786 shares of the mining company’s stock worth $5,168,000 after buying an additional 27,630 shares in the last quarter. Spark Investment Management LLC purchased a new position in shares of Cloud Peak Energy during the first quarter worth $2,147,000. Oxford Asset Management boosted its position in shares of Cloud Peak Energy by 15.0% in the second quarter. Oxford Asset Management now owns 1,060,830 shares of the mining company’s stock worth $2,185,000 after buying an additional 138,461 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Cloud Peak Energy during the second quarter worth $1,643,000. Finally, Creative Planning boosted its position in shares of Cloud Peak Energy by 351.8% in the second quarter. Creative Planning now owns 783,413 shares of the mining company’s stock worth $1,614,000 after buying an additional 610,011 shares in the last quarter. 77.18% of the stock is currently owned by institutional investors.
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). 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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