Cloud Peak Energy Inc (NYSE:CLD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm presently has a $4.75 price objective on the mining company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 10.72% from the stock’s current price.

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. Stifel Nicolaus set a $6.00 price target on shares of Cloud Peak Energy and gave the company a “buy” rating in a report on Friday, August 25th. TheStreet raised shares of Cloud Peak Energy from a “d+” rating to a “c-” rating in a report on Friday, October 27th. ValuEngine lowered shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Friday, July 28th. B. Riley reaffirmed a “neutral” rating on shares of Cloud Peak Energy in a report on Wednesday, November 1st. Finally, BMO Capital Markets set a $5.00 target price on shares of Cloud Peak Energy and gave the stock a “hold” rating in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Cloud Peak Energy has an average rating of “Hold” and an average target price of $5.11.

Shares of Cloud Peak Energy (NYSE CLD) traded up $0.08 during trading on Tuesday, reaching $4.29. 930,000 shares of the company’s stock traded hands, compared to its average volume of 1,305,374. The company has a market cap of $316.35, a price-to-earnings ratio of 52.63 and a beta of 1.64. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.14 and a quick ratio of 1.61. Cloud Peak Energy has a 12-month low of $2.78 and a 12-month high of $6.92.

Cloud Peak Energy (NYSE:CLD) last announced its quarterly earnings results on Thursday, October 26th. The mining company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business had revenue of $249.00 million during the quarter, compared to the consensus estimate of $254.82 million. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm earned $0.06 EPS. sell-side analysts forecast that Cloud Peak Energy will post -0.39 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of CLD. Parametric Portfolio Associates LLC lifted its position in Cloud Peak Energy by 31.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 263,407 shares of the mining company’s stock worth $1,206,000 after buying an additional 62,612 shares in the last quarter. Principal Financial Group Inc. lifted its position in Cloud Peak Energy by 26.4% during the 1st quarter. Principal Financial Group Inc. now owns 569,793 shares of the mining company’s stock worth $2,610,000 after buying an additional 119,101 shares in the last quarter. Legal & General Group Plc lifted its position in Cloud Peak Energy by 21.9% during the 1st quarter. Legal & General Group Plc now owns 105,104 shares of the mining company’s stock worth $481,000 after buying an additional 18,900 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in Cloud Peak Energy by 29.6% during the 1st quarter. Thrivent Financial For Lutherans now owns 43,130 shares of the mining company’s stock worth $198,000 after buying an additional 9,850 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Cloud Peak Energy by 27.9% during the 1st quarter. Vanguard Group Inc. now owns 3,581,492 shares of the mining company’s stock worth $16,403,000 after buying an additional 782,138 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.

Cloud Peak Energy Company Profile

Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River Basin (PRB). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities.

Analyst Recommendations for Cloud Peak Energy (NYSE:CLD)

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