Cloud Peak Energy (CLD) Trading Down 12.8%

Cloud Peak Energy Inc. (NYSE:CLD)’s share price was down 12.8% during trading on Thursday . The company traded as low as $0.31 and last traded at $0.34. Approximately 4,904,949 shares were traded during trading, a decline of 38% from the average daily volume of 7,875,735 shares. The stock had previously closed at $0.39.

A number of equities analysts recently commented on CLD shares. Zacks Investment Research cut shares of Cloud Peak Energy from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 25th. BMO Capital Markets dropped their price target on shares of Cloud Peak Energy from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Friday, October 26th. Finally, MKM Partners set a $2.00 price target on shares of Cloud Peak Energy and gave the stock a “hold” rating in a research note on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $2.88.

The firm has a market cap of $29.58 million, a price-to-earnings ratio of -0.78 and a beta of 2.52. The company has a current ratio of 2.02, a quick ratio of 1.52 and a debt-to-equity ratio of 0.41.



Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings data on Thursday, October 25th. The mining company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.24. Cloud Peak Energy had a negative net margin of 0.81% and a negative return on equity of 3.66%. The company had revenue of $233.08 million during the quarter, compared to analyst estimates of $244.03 million. On average, equities analysts expect that Cloud Peak Energy Inc. will post -0.44 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Cloud Peak Energy by 3.1% in the 3rd quarter. BlackRock Inc. now owns 10,384,751 shares of the mining company’s stock valued at $23,884,000 after purchasing an additional 310,235 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Cloud Peak Energy by 0.5% in the 2nd quarter. Renaissance Technologies LLC now owns 5,900,700 shares of the mining company’s stock valued at $20,593,000 after purchasing an additional 27,800 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of Cloud Peak Energy by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 4,698,036 shares of the mining company’s stock valued at $10,805,000 after purchasing an additional 58,484 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Cloud Peak Energy by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,698,036 shares of the mining company’s stock valued at $10,805,000 after purchasing an additional 58,484 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Cloud Peak Energy by 4.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,171,763 shares of the mining company’s stock valued at $4,995,000 after purchasing an additional 95,543 shares in the last quarter. Institutional investors own 78.23% of the company’s stock.

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About Cloud Peak Energy (NYSE:CLD)

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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