Cloud Peak Energy Inc. (CLD) Receives Average Rating of “Hold” from Analysts

Shares of Cloud Peak Energy Inc. (NYSE:CLD) have received a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $2.75.

Several research firms recently commented on CLD. Zacks Investment Research cut shares of Cloud Peak Energy from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. BMO Capital Markets set a $4.00 price target on shares of Cloud Peak Energy and gave the stock a “hold” rating in a report on Thursday, December 20th.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in Cloud Peak Energy by 3.1% during the third quarter. BlackRock Inc. now owns 10,384,751 shares of the mining company’s stock valued at $23,884,000 after acquiring an additional 310,235 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Cloud Peak Energy by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 2,171,763 shares of the mining company’s stock valued at $4,995,000 after purchasing an additional 95,543 shares during the period. Prescott Group Capital Management L.L.C. bought a new position in shares of Cloud Peak Energy in the fourth quarter valued at approximately $248,000. Vanguard Group Inc raised its position in shares of Cloud Peak Energy by 1.3% in the third quarter. Vanguard Group Inc now owns 4,698,036 shares of the mining company’s stock valued at $10,805,000 after purchasing an additional 58,484 shares during the period. Finally, Matarin Capital Management LLC bought a new position in shares of Cloud Peak Energy in the third quarter valued at approximately $1,891,000. 77.91% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CLD stock traded down $0.02 during trading on Friday, hitting $0.48. 3,070,670 shares of the company were exchanged, compared to its average volume of 5,860,423. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.52 and a current ratio of 2.02. The stock has a market cap of $37.51 million, a P/E ratio of -1.12 and a beta of 2.66. Cloud Peak Energy has a twelve month low of $0.25 and a twelve month high of $4.10.

About Cloud Peak Energy

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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Analyst Recommendations for Cloud Peak Energy (NYSE:CLD)

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