Cloud Peak Energy (NYSE:CLD) was downgraded by equities research analysts at TheStreet from a “c-” rating to a “d+” rating in a research report issued on Monday.
A number of other analysts also recently issued reports on the company. Stifel Nicolaus reissued a “buy” rating and set a $7.00 price objective on shares of Cloud Peak Energy in a research report on Tuesday, January 16th. Zacks Investment Research raised Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $4.75 price objective for the company in a research report on Tuesday, November 14th. JPMorgan Chase & Co. downgraded Cloud Peak Energy from an “overweight” rating to a “neutral” rating in a research report on Monday, November 20th. ValuEngine downgraded Cloud Peak Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 17th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Cloud Peak Energy in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Cloud Peak Energy presently has an average rating of “Hold” and an average target price of $4.83.
Shares of Cloud Peak Energy (NYSE CLD) opened at $3.30 on Monday. The company has a current ratio of 2.26, a quick ratio of 1.65 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $247.30, a PE ratio of -25.38 and a beta of 1.80. Cloud Peak Energy has a 52-week low of $2.78 and a 52-week high of $5.70.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ellington Management Group LLC acquired a new position in Cloud Peak Energy in the 4th quarter valued at about $124,000. Brandywine Global Investment Management LLC acquired a new position in Cloud Peak Energy in the 4th quarter valued at about $127,000. Two Sigma Advisers LP acquired a new position in Cloud Peak Energy in the 4th quarter valued at about $157,000. State Board of Administration of Florida Retirement System grew its position in Cloud Peak Energy by 81.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 52,406 shares of the mining company’s stock valued at $192,000 after acquiring an additional 23,502 shares in the last quarter. Finally, Nationwide Fund Advisors grew its position in Cloud Peak Energy by 332.6% in the 2nd quarter. Nationwide Fund Advisors now owns 54,775 shares of the mining company’s stock valued at $193,000 after acquiring an additional 42,112 shares in the last quarter. 78.73% of the stock is 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). 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.
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