Cloud Peak Energy Inc. (NYSE:CLD) – Stock analysts at Jefferies Group reduced their FY2022 earnings per share estimates for shares of Cloud Peak Energy in a report issued on Thursday. Jefferies Group analyst C. Lafemina now anticipates that the mining company will post earnings per share of $0.01 for the year, down from their prior estimate of $0.06.
CLD has been the topic of a number of other reports. Stifel Nicolaus restated a “buy” rating and set a $7.00 price target on shares of Cloud Peak Energy in a research note on Tuesday, January 16th. Zacks Investment Research upgraded Cloud Peak Energy from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a research note on Tuesday, November 14th. BMO Capital Markets set a $5.00 price target on Cloud Peak Energy and gave the stock a “hold” rating in a research note on Friday, October 27th. B. Riley restated a “neutral” rating on shares of Cloud Peak Energy in a research note on Wednesday, November 1st. Finally, JPMorgan Chase & Co. cut Cloud Peak Energy from an “overweight” rating to a “neutral” rating in a research note on Monday, November 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $5.00.
Cloud Peak Energy (NYSE:CLD) last released its quarterly earnings results on Thursday, February 15th. The mining company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). Cloud Peak Energy had a negative return on equity of 3.31% and a negative net margin of 0.75%. The firm had revenue of $213.89 million for the quarter, compared to analyst estimates of $244.38 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Cloud Peak Energy by 2.5% in the fourth quarter. BlackRock Inc. now owns 9,246,308 shares of the mining company’s stock valued at $41,147,000 after acquiring an additional 223,778 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Cloud Peak Energy by 20.0% in the fourth quarter. Renaissance Technologies LLC now owns 5,953,000 shares of the mining company’s stock valued at $26,491,000 after acquiring an additional 990,400 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cloud Peak Energy by 7.7% in the third quarter. Dimensional Fund Advisors LP now owns 5,547,510 shares of the mining company’s stock valued at $20,304,000 after acquiring an additional 396,604 shares in the last quarter. Kopernik Global Investors LLC raised its stake in shares of Cloud Peak Energy by 3.9% in the third quarter. Kopernik Global Investors LLC now owns 4,436,525 shares of the mining company’s stock valued at $16,239,000 after acquiring an additional 167,978 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Cloud Peak Energy by 10.1% in the second quarter. Vanguard Group Inc. now owns 3,944,464 shares of the mining company’s stock valued at $13,923,000 after acquiring an additional 362,972 shares in the last quarter. Institutional investors and hedge funds own 79.44% of the company’s stock.
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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.
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