Cloud Peak Energy Inc. (NYSE:CLD) has been downgraded by Clarksons Platou on July 24 which now rates the stock as Sell compared with Neutral rating suggested in the past. Analysts at JP Morgan, shed their positive views on March 29 by lowering it fromNeutral to Underweight. Brokerage firm Stifel, looks cautious as they stick to prior recommendation of Buy, in a call on February 20. However, they did change the target price from $7 to $6. FBR & Co. analysts came out with bullish views on March 23 when the call was made. They think the stock is now Mkt Perform compared to to their prior call for Underperform.
Cloud Peak Energy Inc. (CLD) hit an intraday high Monday at $0.65. The shares finished at $0.58, after trading as low as $0.44 earlier in the session. It rose 33.95% in recent trade and currently has a stock-market value of $43.89M. Trading activity significantly improved as the volume at ready counter increased to 25,333,894 shares versus 5,934,730 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 6,417,321 shares. The stock is now 132% above against its bear-market low of $0.25 on January 03, 2019. It has retreated -658.62% since it’s 52-week high of $4.4 reached in February. Now the market price is down -85.66% on the year and up 58.12% YTD.
CLD’s 50 day simple moving average (SMA 50) price is $0.49 and its 200-day simple moving average (SMA 200) price is $2.14. The company’s stock currently has a total float of 75.12M shares. Its weekly volatility is hovering around 20.33% and felt 15.52% volatility in price over a month. On the upside, the share price will test short term resistance at around $0.67. On a downside, the stock is likely to find some support, which begins at $0.46. The failure to get near-term support could push it to $0.35.
Separately, it has been reported that multiple insider activity took place at Cloud Peak Energy Inc. (CLD). Director Bailey Keith E acquired 10,700 shares for $70,714 in transaction occurred on 2014/12/11. After making this transaction, the Director owns a direct stake of 99,831 shares, worth $41,014, as per the last closing price. On 2014/11/24 Condon Patrick J., Director at CLD, purchased 805 shares at an average price of $12.39 per share. The new stake is valued at $9,643.
Director, Bailey Keith E had invested in 20,000 shares for $60,014 through a trade on 2014/11/21. Following this activity, the insider holds 254,000 shares worth $34,808 as of recent close. Wall Street’s most bullish Cloud Peak Energy Inc. (NYSE:CLD) analysts are predicting the share price to blow past $2.25 per share during the next 12 months. The current median share price forecast by them is $0.63, suggesting that the stock could increase 8.62% in that time frame. The average price target of $0.86 calls for a nearly 48.28% increase in the stock price.
Also, it is trading at rather inexpensive levels at just over 0.04x price/book and 0.05x price/sales. Compared to others, Cloud Peak Energy Inc. is in a different league with regards to profitability, having net margins of -0.8%. To put some perspective around this, the industry’s average net margin is 16.99%. CLD’s ROE is -0.7%, which is also considerably worse than the industry’s ROE of 23.57%. It’s also very liquid in the near term, with a current ratio of 2. The stock has a debt/capital of 0.41.
Shares of Cloud Peak Energy Inc. (CLD) have dropped -79.5% since the company’s last earnings report. Over the past 12 fiscal quarters, Cloud Peak Energy Inc. (NYSE:CLD) has topped consensus earnings estimates in 6 quarters (50%), missed earnings in 5 quarters (41%), whereas at 1 occasion EPS met analyst expectations. Revenue for the recent quarter stood at $233.08 million, down -6% on last year and below the $253.22 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $244 million to $244 million, which should be compared with $0 generated last year. EPS is seen in a range of -$0.15 to -$0.13, against the -$0.04 reported a year ago.