Zacks Investment Research cut shares of Cloud Peak Energy (NYSE:CLD) from a buy rating to a hold rating in a report published on Thursday morning.

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. “

A number of other brokerages have also recently commented on CLD. 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 decreased their price target on Cloud Peak Energy from $4.00 to $3.00 and set a market perform rating on the stock in a research note on Friday, July 27th. Jefferies Financial Group set a $3.00 price target on Cloud Peak Energy and gave the stock a hold rating in a research note on Monday, July 30th. Finally, B. Riley decreased their price target on Cloud Peak Energy from $3.00 to $2.00 and set a neutral rating on the stock in a research note on Monday, July 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $2.83.

Cloud Peak Energy stock traded down $0.16 during trading hours on Thursday, reaching $1.48. The company had a trading volume of 1,129,232 shares, compared to its average volume of 519,582. The company has a quick ratio of 1.52, a current ratio of 2.02 and a debt-to-equity ratio of 0.41. Cloud Peak Energy has a 12-month low of $1.47 and a 12-month high of $5.70.

Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings results on Thursday, October 25th. The mining company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.24. The business had revenue of $233.08 million for the quarter, compared to analysts’ expectations of $244.03 million. Cloud Peak Energy had a negative return on equity of 3.66% and a negative net margin of 0.81%. On average, research analysts predict that Cloud Peak Energy will post -0.44 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC increased its stake in shares of 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 valued at $138,000 after buying an additional 27,108 shares during the period. SG Americas Securities LLC increased its stake in shares of 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 valued at $143,000 after buying an additional 25,248 shares during the period. Engineers Gate Manager LP purchased a new position in shares of Cloud Peak Energy during the second quarter valued at approximately $168,000. Hartford Investment Management Co. purchased a new position in shares of Cloud Peak Energy during the second quarter valued at approximately $183,000. Finally, Wells Fargo & Company MN increased its stake in shares of Cloud Peak Energy by 81.7% during the first quarter. Wells Fargo & Company MN now owns 213,684 shares of the mining company’s stock valued at $622,000 after buying an additional 96,069 shares during the period. 81.32% of the stock is currently 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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