Cloud Peak Energy (NYSE:CLD) released its earnings results on Thursday. The mining company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.24, Fidelity Earnings reports. The company had revenue of $233.08 million during the quarter, compared to analysts’ expectations of $244.03 million. Cloud Peak Energy had a negative return on equity of 4.68% and a negative net margin of 1.94%.
NYSE:CLD traded down $0.21 during trading hours on Friday, reaching $1.89. 934,999 shares of the company traded hands, compared to its average volume of 730,808. The stock has a market capitalization of $165.20 million, a price-to-earnings ratio of -4.40 and a beta of 1.99. Cloud Peak Energy has a 1 year low of $1.83 and a 1 year high of $5.70. The company has a current ratio of 1.86, a quick ratio of 1.29 and a debt-to-equity ratio of 0.42.
A number of research analysts have recently commented on CLD shares. Zacks Investment Research upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Tuesday, July 3rd. Clarkson Capital cut Cloud Peak Energy from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 24th. ValuEngine cut Cloud Peak Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. BMO Capital Markets lowered their price objective on Cloud Peak Energy from $4.00 to $3.00 and set a “market perform” rating for the company in a research note on Friday, July 27th. Finally, B. Riley lowered their price objective on Cloud Peak Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a research note on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Cloud Peak Energy currently has an average rating of “Hold” and an average target price of $3.15.
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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