Cloud Peak Energy (CLD) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Cloud Peak Energy (NYSE:CLD) from a hold rating to a buy rating in a research note published on Monday. Zacks Investment Research currently has $0.25 price objective on the mining company’s stock.

According to Zacks, “Cloud Peak Energy operates as a producer of low sulfur, high quality, sub-bituminous coal in the United States. It owns and operates three surface coal mines in the Powder River Basin named: Antelope, Cordero Rojo and the Spring Creek Mine. The Antelope Mine and Cordero Rojo Mine are located in Wyoming and the Spring Creek Mine is located near Decker, Montana. The company is headquartered in Gillette, Wyoming. “

Several other brokerages have also issued reports on CLD. BMO Capital Markets cut their price objective on Cloud Peak Energy from $3.00 to $2.00 and set a hold rating for the company in a report on Friday, October 26th. MKM Partners set a $2.00 price objective on Cloud Peak Energy and gave the stock a hold rating in a report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Cloud Peak Energy has a consensus rating of Hold and a consensus target price of $2.88.

Shares of NYSE:CLD traded down $0.04 during midday trading on Monday, hitting $0.35. 27,493 shares of the stock were exchanged, compared to its average volume of 8,370,700. 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 has a 52-week low of $0.25 and a 52-week high of $5.70. The firm has a market cap of $24.84 million, a price-to-earnings ratio of -0.78 and a beta of 2.52.

Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings data on Thursday, October 25th. The mining company reported $0.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $233.08 million during the quarter, compared to analyst estimates of $244.03 million. On average, sell-side analysts forecast that Cloud Peak Energy will post -0.44 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC increased its position in Cloud Peak Energy by 219.7% during the second quarter. MetLife Investment Advisors LLC now owns 39,445 shares of the mining company’s stock worth $138,000 after buying an additional 27,108 shares during the last quarter. SG Americas Securities LLC increased its position in Cloud Peak Energy by 160.7% during the second quarter. SG Americas Securities LLC now owns 40,962 shares of the mining company’s stock worth $143,000 after buying an additional 25,248 shares during the last quarter. Systematic Financial Management LP increased its position in Cloud Peak Energy by 56.5% during the third quarter. Systematic Financial Management LP now owns 472,090 shares of the mining company’s stock worth $1,086,000 after buying an additional 170,530 shares during the last quarter. Matarin Capital Management LLC acquired a new position in Cloud Peak Energy during the third quarter worth $1,891,000. Finally, Northern Trust Corp increased its position in Cloud Peak Energy by 2.7% during the second quarter. Northern Trust Corp now owns 1,415,207 shares of the mining company’s stock worth $4,939,000 after buying an additional 36,751 shares during the last quarter. 78.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Reverse Stock Split

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