Cloud Peak Energy Inc (NYSE:CLD) – Investment analysts at FBR & Co raised their FY2017 earnings per share estimates for shares of Cloud Peak Energy in a research report issued to clients and investors on Monday. FBR & Co analyst L. Pipes now anticipates that the mining company will post earnings per share of ($0.37) for the year, up from their previous forecast of ($0.53). FBR & Co also issued estimates for Cloud Peak Energy’s Q4 2017 earnings at ($0.04) EPS, FY2018 earnings at ($0.22) EPS and FY2019 earnings at ($0.49) EPS.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings data on Thursday, October 26th. The mining company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $249.00 million during the quarter, compared to analyst estimates of $254.82 million. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 earnings per share.
Several other research analysts have also weighed in on CLD. TheStreet raised Cloud Peak Energy from a “d+” rating to a “c-” rating in a research report on Friday, October 27th. BMO Capital Markets set a $5.00 target price on Cloud Peak Energy and gave the stock a “hold” rating in a research report on Friday, October 27th. BidaskClub lowered Cloud Peak Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised Cloud Peak Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $6.00 target price on shares of Cloud Peak Energy in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Cloud Peak Energy presently has an average rating of “Hold” and an average price target of $5.14.
Hedge funds have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System raised its holdings in shares of Cloud Peak Energy by 81.3% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 52,406 shares of the mining company’s stock worth $192,000 after buying an additional 23,502 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Cloud Peak Energy by 63.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 161,670 shares of the mining company’s stock valued at $571,000 after purchasing an additional 62,859 shares in the last quarter. State Street Corp increased its holdings in Cloud Peak Energy by 231.3% during the 2nd quarter. State Street Corp now owns 1,329,134 shares of the mining company’s stock valued at $4,691,000 after purchasing an additional 927,987 shares in the last quarter. Voya Investment Management LLC boosted its position in Cloud Peak Energy by 55.2% in the 2nd quarter. Voya Investment Management LLC now owns 87,872 shares of the mining company’s stock valued at $310,000 after buying an additional 31,246 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Cloud Peak Energy by 17.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,150,906 shares of the mining company’s stock valued at $18,183,000 after buying an additional 751,657 shares during the last quarter. Institutional investors own 80.43% 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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