The stock of Cloud Peak Energy Inc. (NYSE:CLD) hit a new 52-week high and has $8.19 target or 50.00% above today’s $5.46 share price. The 9 months bullish chart indicates low risk for the $359.96 million company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $8.19 price target is reached, the company will be worth $179.98 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 176,406 shares traded hands. Cloud Peak Energy Inc. (NYSE:CLD) has risen 220.00% since February 29, 2016 and is uptrending. It has outperformed by 207.78% the S&P500.
Analysts await Cloud Peak Energy Inc. (NYSE:CLD) to report earnings on October, 25. They expect $-0.10 EPS, down 141.67% or $0.34 from last year’s $0.24 per share. After $0.48 actual EPS reported by Cloud Peak Energy Inc. for the previous quarter, Wall Street now forecasts -120.83% negative EPS growth.
Cloud Peak Energy Inc. (NYSE:CLD) Ratings Coverage
Out of 7 analysts covering Cloud Peak Energy (NYSE:CLD), 1 rate it a “Buy”, 3 “Sell”, while 3 “Hold”. This means 14% are positive. Cloud Peak Energy has been the topic of 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Morgan Stanley downgraded Cloud Peak Energy Inc. (NYSE:CLD) on Tuesday, October 6 to “Equal-Weight” rating. UBS downgraded the shares of CLD in a report on Friday, November 20 to “Sell” rating. The company was downgraded on Friday, April 29 by FBR Capital. Cowen & Co maintained Cloud Peak Energy Inc. (NYSE:CLD) rating on Thursday, July 30. Cowen & Co has “Outperform” rating and $5 price target. The company was maintained on Monday, October 5 by Barclays Capital. Barclays Capital downgraded Cloud Peak Energy Inc. (NYSE:CLD) on Tuesday, January 12 to “Underweight” rating. The firm has “Market Perform” rating given on Thursday, February 4 by FBR Capital. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, October 28. The stock of Cloud Peak Energy Inc. (NYSE:CLD) earned “Neutral” rating by Macquarie Research on Wednesday, October 28. The stock has “Underperform” rating given by FBR Capital on Friday, September 18.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.49 in 2016 Q2. Its down 0.48, from 0.97 in 2016Q1. The ratio is negative, as 27 funds sold all Cloud Peak Energy Inc. shares owned while 45 reduced positions. 9 funds bought stakes while 26 increased positions. They now own 45.92 million shares or 11.90% less from 52.12 million shares in 2016Q1.
The Switzerland-based Credit Suisse Ag has invested 0% in Cloud Peak Energy Inc. (NYSE:CLD). Numeric Limited Liability Company has invested 0.01% of its portfolio in Cloud Peak Energy Inc. (NYSE:CLD). New York State Teachers Retirement Sys accumulated 33,798 shares or 0% of the stock. Dimensional Fund Limited Partnership has invested 0% of its portfolio in Cloud Peak Energy Inc. (NYSE:CLD). Texas Permanent School Fund holds 46,843 shares or 0% of its portfolio. Qs Invsts Limited Com owns 79,066 shares or 0% of their US portfolio. Grp One Trading Ltd Partnership accumulated 0% or 2,877 shares. Franklin Resource holds 3.44 million shares or 0% of its portfolio. Wells Fargo & Company Mn has invested 0% of its portfolio in Cloud Peak Energy Inc. (NYSE:CLD). Kbc Gp Inc Nv accumulated 119,753 shares or 0% of the stock. M&T Natl Bank Corp, a New York-based fund reported 36,855 shares. Rhumbline Advisers has invested 0% of its portfolio in Cloud Peak Energy Inc. (NYSE:CLD). Kcg Incorporated has 0% invested in the company for 21,961 shares. Lmr Prtnrs Ltd Liability Partnership has 76,038 shares for 0.02% of their US portfolio. Spark Inv Ltd Liability Com owns 460,600 shares or 0.09% of their US portfolio.
More important recent Cloud Peak Energy Inc. (NYSE:CLD) news were published by: Finance.Yahoo.com which released: “Cloud Peak Energy Announces Extension of Early Tender Date of Exchange Offers …” on September 28, 2016, also Zacks.com published article titled: “Cloud Peak Energy’s (CLD) Shares March Higher, Can It Continue?”, Finance.Yahoo.com published: “Cloud Peak Energy Inc. Announces Schedule for Second Quarter and First Six …” on July 18, 2016. More interesting news about Cloud Peak Energy Inc. (NYSE:CLD) was released by: Businesswire.com and their article: “Cloud Peak Energy Resources Commences Exchange Offers” with publication date: September 12, 2016.
CLD Company Profile
Cloud Peak Energy Inc., incorporated on July 31, 2008, is a producer of coal in the United States and the Powder River basin (PRB). The Firm owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine, and the Spring Creek Mine. The Firm operates through two divisions: Owned and Operated Mines segment, and Logistics and Related Activities. The Company’s Owned and Operated Mines segment is characterized by its focus on thermal coal production. The Company’s Owned and Operated Mines segment includes the Company’s Antelope Mine, Cordero Rojo Mine, and Spring Creek Mine. The Firm focuses on domestic electric utilities and its mines utilize surface mining extraction processes, and are located in the PRB. The Company’s Logistics and Related Activities segment is characterized by the services the Company provides to its international and domestic customers. The services provided by the Company include the purchase of coal from third parties or from its owned and operated mines, at market prices, as well as the contracting and coordination of the transportation, and other handling services from third-party operators, which are rail and terminal companies.
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