FY2018 EPS Estimates for Cloud Peak Energy Inc. (CLD) Lifted by Jefferies Financial Group

Share on StockTwits

Cloud Peak Energy Inc. (NYSE:CLD) – Stock analysts at Jefferies Financial Group boosted their FY2018 EPS estimates for shares of Cloud Peak Energy in a research report issued to clients and investors on Monday, October 29th. Jefferies Financial Group analyst C. Lafemina now expects that the mining company will post earnings of ($0.38) per share for the year, up from their previous forecast of ($0.55). Jefferies Financial Group has a “Hold” rating and a $3.00 price objective on the stock. Jefferies Financial Group also issued estimates for Cloud Peak Energy’s FY2019 earnings at ($0.21) EPS, FY2020 earnings at ($0.09) EPS, FY2021 earnings at ($0.26) EPS and FY2022 earnings at ($0.30) EPS.

Several other brokerages have also issued reports on CLD. Zacks Investment Research lowered Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. Clarkson Capital lowered Cloud Peak Energy from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 24th. ValuEngine lowered Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. BMO Capital Markets decreased their price target on Cloud Peak Energy from $4.00 to $3.00 and set a “market perform” rating on the stock in a research note on Friday, July 27th. Finally, B. Riley decreased their price target on Cloud Peak Energy from $3.00 to $2.00 and set a “neutral” rating on the stock in a research note on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Cloud Peak Energy presently has a consensus rating of “Hold” and an average price target of $3.15.

Shares of CLD opened at $1.71 on Thursday. Cloud Peak Energy has a 52-week low of $1.63 and a 52-week high of $5.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.52 and a current ratio of 2.02. The firm has a market capitalization of $125.79 million, a PE ratio of -3.98 and a beta of 1.99.

Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings results on Thursday, October 25th. The mining company reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. Cloud Peak Energy had a negative return on equity of 3.66% and a negative net margin of 0.81%. The company had revenue of $233.08 million for the quarter, compared to analyst estimates of $244.03 million.

Several institutional investors and hedge funds have recently modified their holdings of the company. Mackay Shields LLC boosted its holdings in shares of Cloud Peak Energy by 6.0% during the 2nd quarter. Mackay Shields LLC now owns 357,600 shares of the mining company’s stock valued at $1,248,000 after acquiring an additional 20,100 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Cloud Peak Energy by 160.7% during the 2nd quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock valued at $143,000 after acquiring an additional 25,248 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of Cloud Peak Energy by 219.7% during the 2nd quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock valued at $138,000 after acquiring an additional 27,108 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Cloud Peak Energy by 0.5% during the 2nd quarter. Renaissance Technologies LLC now owns 5,900,700 shares of the mining company’s stock valued at $20,593,000 after acquiring an additional 27,800 shares in the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of Cloud Peak Energy during the 2nd quarter valued at $8,157,000. Institutional investors own 81.83% of the company’s stock.

About Cloud Peak Energy

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.

Featured Story: Diversification in Investing

Earnings History and Estimates 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