Price Action To Observe: Is Buying 52-Week Stock Like Cloud Peak Energy Inc. a Winning Strategy?

Price Action To Observe: Is Buying 52 Week Stock Like Cloud Peak Energy Inc. a Winning Strategy?

The stock of Cloud Peak Energy Inc. (NYSE:CLD) hit a new 52-week high and has $11.48 target or 98.00% above today’s $5.80 share price. The 6 months bullish chart indicates low risk for the $355.66 million company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $11.48 price target is reached, the company will be worth $348.55M 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 1.00M shares traded hands. Cloud Peak Energy Inc. (NYSE:CLD) has risen 154.59% since March 14, 2016 and is uptrending. It has outperformed by 148.98% 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. $5 is the highest target while $1.25 is the lowest. The $3.49 average target is -39.83% below today’s ($5.8) stock price. Cloud Peak Energy has been the topic of 11 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Underweight” rating given by Barclays Capital on Tuesday, January 12. Macquarie Research maintained Cloud Peak Energy Inc. (NYSE:CLD) rating on Wednesday, October 28. Macquarie Research has “Neutral” rating and $3.75 price target. The firm earned “Sell” rating on Friday, November 20 by UBS. As per Thursday, February 4, the company rating was upgraded by FBR Capital. Morgan Stanley downgraded Cloud Peak Energy Inc. (NYSE:CLD) on Tuesday, October 6 to “Equal-Weight” rating. Cowen & Co maintained the stock with “Outperform” rating in Thursday, July 30 report. The stock of Cloud Peak Energy Inc. (NYSE:CLD) has “Underperform” rating given on Friday, April 29 by FBR Capital. The stock of Cloud Peak Energy Inc. (NYSE:CLD) has “Underperform” rating given on Thursday, October 13 by FBR Capital. FBR Capital initiated the stock with “Underperform” rating in Friday, September 18 report. The company was maintained on Monday, October 5 by Barclays Capital.

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 Q2 2016. 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.
Mizuho And Ltd holds 0% of its portfolio in Cloud Peak Energy Inc. (NYSE:CLD) for 85,000 shares. Royal Bancorp Of Canada has invested 0% of its portfolio in Cloud Peak Energy Inc. (NYSE:CLD). Commonwealth Equity Ser has 17,652 shares for 0% of their US portfolio. Alpine Partners Vi Ltd Company has invested 0.04% of its portfolio in Cloud Peak Energy Inc. (NYSE:CLD). Jpmorgan Chase Communication last reported 0% of its portfolio in the stock. Ameriprise Fincl, a Minnesota-based fund reported 295,424 shares. The Missouri-based Towle & Communication has invested 0.96% in Cloud Peak Energy Inc. (NYSE:CLD). Grp One Trading L P holds 0% or 2,877 shares in its portfolio. Moreover, Stifel Fincl Corporation has 0% invested in Cloud Peak Energy Inc. (NYSE:CLD) for 16,600 shares. Goldman Sachs Group has 0% invested in the company for 355,910 shares. Cornerstone Cap Mgmt has 31,000 shares for 0% of their US portfolio. M&T Bank & Trust holds 36,855 shares or 0% of its portfolio. State Of Tennessee Treasury Department has 0% invested in the company for 48,749 shares. Blackrock Invest Mgmt accumulated 37,063 shares or 0% of the stock. Citadel Ltd Co accumulated 30,367 shares or 0% of the stock.

More important recent Cloud Peak Energy Inc. (NYSE:CLD) news were published by: Businesswire.com which released: “Cloud Peak Energy Resources Commences Exchange Offers” on September 12, 2016, also Businesswire.com published article titled: “Cloud Peak Energy Announces Final Results of Its Exchange Offers”, Seekingalpha.com published: “Cloud Peak Energy’s Stock Has Soared This Year, But Its New Notes Have Better …” on October 10, 2016. More interesting news about Cloud Peak Energy Inc. (NYSE:CLD) was released by: Businesswire.com and their article: “Cloud Peak Energy Reaffirms Expiration Date and Announces Early Tender Date …” with publication date: October 05, 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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