Cloud Peak Energy (CLD) is Reiterated by FBR & Co. to Underperform, Raises Price Target to $ 4

Cloud Peak Energy (CLD) was Reiterated by FBR & Co. to “Underperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 4 from a previous price target of $1.75 . FBR & Co. advised their investors in a research report released on Oct 13, 2016.

On the company’s financial health, Cloud Peak Energy reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.87 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.39. The company had revenue of $174.20 million for the quarter, compared to analysts expectations of $170.77 million. The company’s revenue was down -28.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.87 EPS.

Cloud Peak Energy closed down -0.07 points or -1.24% at $5.57 with 8,65,006 shares getting traded on Tuesday. Post opening the session at $5.69, the shares hit an intraday low of $5.4 and an intraday high of $5.7 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

Cloud Peak Energy Inc. is a holding company that manages its 100% owned subsidiary Cloud Peak Energy Resources LLC (CPE Resources). The Company is a producer of coal in the United States of America and the Powder River basin (PRB). The Company operates in three segments: Owned and Operated Mines Logistics and Related Activities and Corporate and Other. The Owned and Operated Mines segment focuses on thermal coal production. The Logistics and Related Activities segment delivers coal to the customer at a terminal or the customer’s plant or other delivery point remote from its mine site. The Corporate and Other segment includes results relating to broker activity its share of the Decker mine operations. The Company operates in the PRB where it operates three surface coal mines which include the Antelope Mine the Cordero Rojo Mine and the Spring Creek Mine. It also has two development projects including the Youngs Creek project and the Crow project.

Cloud Peak Energy

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