Cloud Peak Energy (CLD) Receives “Buy” Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Cloud Peak Energy (NYSE:CLD) in a research report report published on Tuesday. They currently have a $7.00 price target on the mining company’s stock.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Cloud Peak Energy from a hold rating to a buy rating and set a $4.75 target price on the stock in a report on Tuesday, November 14th. JPMorgan Chase & Co. lowered shares of Cloud Peak Energy from an overweight rating to a neutral rating in a report on Monday, November 20th. BMO Capital Markets set a $5.00 price objective on shares of Cloud Peak Energy and gave the stock a hold rating in a report on Friday, October 27th. TheStreet upgraded shares of Cloud Peak Energy from a d+ rating to a c- rating in a report on Friday, October 27th. Finally, B. Riley restated a neutral rating on shares of Cloud Peak Energy in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Cloud Peak Energy presently has a consensus rating of Hold and a consensus price target of $5.29.

Cloud Peak Energy (NYSE:CLD) traded down $0.24 during trading hours on Tuesday, reaching $5.31. 1,319,900 shares of the company’s stock traded hands, compared to its average volume of 1,468,330. The company has a quick ratio of 1.61, a current ratio of 2.14 and a debt-to-equity ratio of 0.41. The firm has a market cap of $411.78, a price-to-earnings ratio of 531.00 and a beta of 1.60. Cloud Peak Energy has a 12 month low of $2.78 and a 12 month high of $6.30.

Cloud Peak Energy (NYSE:CLD) last posted its earnings results on Thursday, October 26th. The mining company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $249.00 million during the quarter, compared to analyst estimates of $254.82 million. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. sell-side analysts anticipate that Cloud Peak Energy will post -0.36 EPS for the current year.

Several hedge funds have recently modified their holdings of CLD. State Street Corp lifted its holdings in shares of Cloud Peak Energy by 231.3% in the 2nd quarter. State Street Corp now owns 1,329,134 shares of the mining company’s stock worth $4,691,000 after acquiring an additional 927,987 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Cloud Peak Energy by 47.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,832,085 shares of the mining company’s stock worth $10,367,000 after acquiring an additional 915,266 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Cloud Peak Energy by 21.0% in the 2nd quarter. Renaissance Technologies LLC now owns 4,592,000 shares of the mining company’s stock worth $16,210,000 after acquiring an additional 796,400 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cloud Peak Energy by 17.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,150,906 shares of the mining company’s stock worth $18,183,000 after acquiring an additional 751,657 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Cloud Peak Energy by 90.6% in the 2nd quarter. Northern Trust Corp now owns 1,380,013 shares of the mining company’s stock worth $4,871,000 after acquiring an additional 655,996 shares during the last quarter. Hedge funds and other institutional investors own 79.25% of the company’s stock.

WARNING: “Cloud Peak Energy (CLD) Receives “Buy” Rating from Stifel Nicolaus” was originally published by Week Herald and is the property of of Week Herald. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://weekherald.com/2018/01/17/cloud-peak-energy-cld-receives-buy-rating-from-stifel-nicolaus.html.

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)

Receive News & Ratings for Cloud Peak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloud Peak Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply