The stock of Cloud Peak Energy Inc. (NYSE:CLD) hit a new 52-week high and has $13.63 target or 105.00% above today’s $6.65 share price. The 5 months bullish chart indicates low risk for the $410.54 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $13.63 price target is reached, the company will be worth $431.07M 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 871,512 shares traded hands. Cloud Peak Energy Inc. (NYSE:CLD) has risen 262.09% since April 5, 2016 and is uptrending. It has outperformed by 260.13% the S&P500.
Cloud Peak Energy Inc. (NYSE:CLD) Ratings Coverage
Out of 9 analysts covering Cloud Peak Energy (NYSE:CLD), 2 rate it a “Buy”, 3 “Sell”, while 4 “Hold”. This means 22% are positive. Cloud Peak Energy has been the topic of 14 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, October 13 by FBR Capital. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, October 6 report. As per Friday, September 18, the company rating was initiated by FBR Capital. On Thursday, July 30 the stock rating was maintained by Cowen & Co with “Outperform”. The firm has “Sell” rating by UBS given on Friday, November 20. FBR Capital maintained the stock with “Underperform” rating in Friday, October 28 report. The rating was maintained by Stifel Nicolaus on Friday, October 28 with “Buy”. The rating was upgraded by FBR Capital to “Market Perform” on Thursday, February 4. Macquarie Research maintained Cloud Peak Energy Inc. (NYSE:CLD) on Wednesday, October 28 with “Neutral” rating. Seaport Global Securities initiated Cloud Peak Energy Inc. (NYSE:CLD) rating on Wednesday, November 2. Seaport Global Securities has “Neutral” rating and $7 price target.
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 dropped, 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.
Loews Corporation, a New York-based fund reported 736,000 shares. Rhumbline Advisers has 27,760 shares for 0% of their US portfolio. Amer Interest holds 0% or 10,322 shares in its portfolio. Irving Magee Mgmt last reported 0.29% of its portfolio in the stock. Aegis Corp holds 0.97% of its portfolio in Cloud Peak Energy Inc. (NYSE:CLD) for 483,100 shares. Bridgeway Cap Management Inc last reported 0.02% of its portfolio in the stock. Van Eck Assocs holds 0% of its portfolio in Cloud Peak Energy Inc. (NYSE:CLD) for 211,879 shares. Stifel Fincl holds 0% of its portfolio in Cloud Peak Energy Inc. (NYSE:CLD) for 16,600 shares. Savings Bank Of America Corp De holds 547,937 shares or 0% of its portfolio. Lmr Limited Liability Partnership accumulated 0.02% or 76,038 shares. Ladenburg Thalmann Finance Service Inc reported 5,782 shares or 0% of all its holdings. Group One Trading Lp owns 2,877 shares or 0% of their US portfolio. Moreover, Manufacturers Life Insurance The has 0% invested in Cloud Peak Energy Inc. (NYSE:CLD) for 110,897 shares. Donald Smith And Incorporated, a New York-based fund reported 627,259 shares. Geode Cap Mgmt Ltd Liability last reported 0% of its portfolio in the stock.
More notable recent Cloud Peak Energy Inc. (NYSE:CLD) news were published by: Fool.com which released: “Why Shares of Cloud Peak Energy Inc. Jumped 17% Today” on October 28, 2016, also Fool.com with their article: “Cloud Peak Energy Inc. Stock Jumps on Credit-Rating Upgrade” published on October 18, 2016, Businesswire.com published: “Cloud Peak Energy Resources Commences Exchange Offers” on September 12, 2016. More interesting news about Cloud Peak Energy Inc. (NYSE:CLD) were released by: Businesswire.com and their article: “Cloud Peak Energy Inc. Announces Schedule for Third Quarter and First Nine …” published on October 13, 2016 as well as Fool.com‘s news article titled: “Why Cloud Peak Energy Stock Shot 31% Higher in September” with publication date: October 07, 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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