The stock is trading at $3.77 a tad higher than $3.38, the stock’s 50 day moving average and which is just under the 200 day moving average of $4.51. The 50 day moving average was up $0.39 or +11.62% whereas the 200 day average was down by -16.39%. Trading was light with 1,066K shares changing hands by the end of trading on Thursday. Overall, volume was down 11.77% under the stocks normal daily volume.
The following firms have also recently changed their position in CLD. Creative Planning augmented its stake by buying 32,075 shares an increase of 5.9% in the quarter. Creative Planning currently owns 571,638 shares worth $2,018,000. The total value of its holdings decreased 18.3%. As of quarter end Bank Of Montreal /can/ had acquired a total of 1,528 shares growing its position 756.4%. The value of the company’s investment in Cloud Peak Energy Inc increased from $1,000 to $6,000 a change of $5,000 quarter to quarter.
As of the end of the quarter Morgan Stanley had sold 391 shares trimming its stake by 5.9%. The value of the investment in CLD went from $37,000 to $29,000 a change of 21.6% for the reporting period. Tower Research Capital LLC (trc) cut its investment by selling 36 shares a decrease of 3.0%. Tower Research Capital LLC (trc) claims 1,165 shares with a value of $5,000. The value of the position overall is down by 28.6%.
Equity analyst Seaport Global starting coverage on CLD with an initial rating of “Neutral”. On February 4 the stock rating was upgraded to “Market Perform” from “Underperform” in a statement from FBR Capital.
On January 12 the company was downgraded from “Equal-weight” to “Underweight” with a current price target of $2.00 by Barclays. Equity analyst Barclays downgraded the stock and lowered the price target on January 12 changing the price objective from $5.00 to $2.00 and moving the rating from “Equal-weight” to “Underweight”.
On November 20 the stock rating was downgraded from “Neutral” to “Sell” and a price target of $2.50 was set in an announcement from UBS. UBS lowered the price target and downgraded the stock on November 20 cutting the price target from $5.50 to $2.50 and altering the rating from “Neutral” to “Sell”.
The company is trading down from yesterday’s close of $3.85. Cloud Peak Energy Inc’s P/E ratio is 6.29 and market capitalization is 271.49M. As of the last earnings report the EPS was $0.60 and is expected to be $-0.38 for the current year with 72,013,000 shares now outstanding. Analysts expect next quarter’s EPS to be $-0.03 with next year’s EPS projected to be $-0.21.
Cloud Peak Energy Inc., launched on July 31, 2008, 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. The Business’s segments include Owned and Operated Mines, and Logistics and Related Activities. The Business’s Owned and Operated Mines segment includes its Antelope Mine, Cordero Rojo Mine, and Spring Creek Mine. The Logistics and Related Activities segment includes the services it provides to its international and certain of its domestic customers where it delivers coal to the customer at a terminal or the customer’s plant or other delivery point, remote from its mine site. The Logistics and Related Activities segment provides services, including the purchase of coal from third parties or from its Owned and Operated Mines segment, as well as the contracting and coordination of the transportation and other handling services from third-party operators, which are rail and terminal companies..