Cloud Peak Energy (NYSE:CLD) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to 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. “

Several other brokerages have also recently weighed in on CLD. ValuEngine raised Cloud Peak Energy from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Clarkson Capital cut Cloud Peak Energy from a “neutral” rating to a “sell” rating in a report on Tuesday, July 24th. BMO Capital Markets dropped their price objective on 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. Jefferies Financial Group set a $3.00 price objective on Cloud Peak Energy and gave the company a “hold” rating in a report on Monday, July 30th. Finally, B. Riley dropped their price objective on Cloud Peak Energy from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Cloud Peak Energy has an average rating of “Hold” and a consensus price target of $3.60.

NYSE:CLD traded up $0.07 during mid-day trading on Tuesday, hitting $2.54. 393,300 shares of the stock were exchanged, compared to its average volume of 767,876. The stock has a market cap of $182.63 million, a P/E ratio of -5.91 and a beta of 1.95. The company has a current ratio of 1.86, a quick ratio of 1.29 and a debt-to-equity ratio of 0.42. Cloud Peak Energy has a fifty-two week low of $2.14 and a fifty-two week high of $5.70.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in shares of Cloud Peak Energy by 81.7% during the 1st quarter. Wells Fargo & Company MN now owns 213,684 shares of the mining company’s stock worth $622,000 after buying an additional 96,069 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new position in shares of Cloud Peak Energy during the 2nd quarter worth $8,157,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Cloud Peak Energy by 4.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,035,148 shares of the mining company’s stock worth $7,103,000 after buying an additional 78,070 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Cloud Peak Energy by 33.8% during the 1st quarter. Prudential Financial Inc. now owns 159,669 shares of the mining company’s stock worth $465,000 after buying an additional 40,374 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Cloud Peak Energy by 2.1% during the 1st quarter. BlackRock Inc. now owns 9,439,474 shares of the mining company’s stock worth $27,468,000 after buying an additional 193,166 shares in the last quarter. 81.78% of the stock is owned by hedge funds and other institutional investors.

Cloud Peak Energy Company Profile

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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