FY2018 EPS Estimates for Cloud Peak Energy Inc Raised by Analyst (CLD)
Cloud Peak Energy Inc (NYSE:CLD) – Analysts at Jefferies Group raised their FY2018 earnings per share (EPS) estimates for Cloud Peak Energy in a research report issued to clients and investors on Thursday. Jefferies Group analyst C. Lafemina now forecasts that the mining company will post earnings per share of ($0.11) for the year, up from their previous forecast of ($0.16). Jefferies Group also issued estimates for Cloud Peak Energy’s FY2019 earnings at ($0.02) EPS, FY2020 earnings at $0.26 EPS and FY2021 earnings at $0.21 EPS.
Cloud Peak Energy (NYSE:CLD) last posted its earnings results on Thursday, July 27th. The mining company reported ($0.04) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.04). The company had revenue of $229.20 million for the quarter, compared to analyst estimates of $236.94 million. Cloud Peak Energy had a negative net margin of 0.47% and a positive return on equity of 0.54%. The business’s revenue for the quarter was up 31.6% compared to the same quarter last year. During the same period last year, the business posted $0.48 earnings per share.
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A number of other research analysts also recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $6.00 target price on shares of Cloud Peak Energy in a research report on Friday, October 13th. BMO Capital Markets set a $4.00 target price on shares of Cloud Peak Energy and gave the company a “hold” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded shares of Cloud Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine downgraded shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, BidaskClub downgraded shares of Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Cloud Peak Energy presently has a consensus rating of “Hold” and a consensus price target of $5.29.
Cloud Peak Energy (NYSE:CLD) traded down 1.15% during midday trading on Monday, reaching $4.28. 1,161,033 shares of the company’s stock traded hands. The firm’s market cap is $321.56 million. Cloud Peak Energy has a 1-year low of $2.78 and a 1-year high of $8.03. The stock’s 50 day moving average price is $3.44 and its 200 day moving average price is $3.53.
Institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its position in shares of Cloud Peak Energy by 0.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 30,600 shares of the mining company’s stock valued at $108,000 after acquiring an additional 100 shares during the period. BNP Paribas Arbitrage SA increased its stake in Cloud Peak Energy by 78.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 24,555 shares of the mining company’s stock valued at $112,000 after purchasing an additional 10,801 shares in the last quarter. KCG Holdings Inc. bought a new stake in Cloud Peak Energy during the 1st quarter valued at $112,000. Hartford Investment Management Co. bought a new stake in Cloud Peak Energy during the 2nd quarter valued at $119,000. Finally, AJO LP bought a new stake in Cloud Peak Energy during the 2nd quarter valued at $120,000. Institutional investors own 81.14% of the company’s stock.
About Cloud Peak Energy
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.
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