Cloud Peak Energy (NYSE:CLD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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. “

CLD has been the topic of a number of other reports. ValuEngine raised Cloud Peak Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Clarkson Capital lowered shares of Cloud Peak Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, July 24th. Jefferies Financial Group set a $3.00 price objective on shares of Cloud Peak Energy and gave the stock a “hold” rating in a report on Monday, July 30th. BMO Capital Markets decreased their price objective on shares of Cloud Peak Energy from $4.00 to $3.00 and set a “market perform” rating for the company in a report on Friday, July 27th. Finally, B. Riley decreased their price objective on shares of Cloud Peak Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $3.35.

Shares of CLD traded up $0.07 during mid-day trading on Tuesday, reaching $2.35. The company had a trading volume of 393,200 shares, compared to its average volume of 738,638. The company has a quick ratio of 1.29, a current ratio of 1.86 and a debt-to-equity ratio of 0.42. Cloud Peak Energy has a 52 week low of $2.14 and a 52 week high of $5.70. The stock has a market cap of $174.29 million, a P/E ratio of -5.47 and a beta of 1.99.

Cloud Peak Energy (NYSE:CLD) last issued its quarterly earnings results on Thursday, July 26th. The mining company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.25). Cloud Peak Energy had a negative return on equity of 4.68% and a negative net margin of 1.94%. The company had revenue of $205.70 million during the quarter, compared to the consensus estimate of $230.72 million. During the same period in the prior year, the firm earned ($0.09) earnings per share. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Cloud Peak Energy will post -0.58 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Cornerstone Wealth Management LLC purchased a new stake in Cloud Peak Energy during the 2nd quarter valued at $8,157,000. MetLife Investment Advisors LLC raised its stake in 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 buying an additional 27,108 shares during the last quarter. SG Americas Securities LLC raised its stake in 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 buying an additional 25,248 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in Cloud Peak Energy during the 2nd quarter valued at $168,000. Finally, Hartford Investment Management Co. purchased a new stake in Cloud Peak Energy during the 2nd quarter valued at $183,000. Institutional investors and hedge funds own 81.78% 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.

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