|Bid||0.1562 x 1800|
|Ask||0.1562 x 3000|
|Day's Range||0.1520 - 0.1730|
|52 Week Range||0.1500 - 4.1000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 9, 2019 - Apr 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.03|
The downgrade follows the announcement that Cloud Peak Energy Inc. and substantially all of its wholly owned domestic subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating.
Coal is widely used across the globe as a source of electricity. Find out how efforts to use cleaner energy sources are affecting the top coal stocks in 2019.
Cloud Peak Energy Inc. (CLD) (the “Company”) announced that on March 26, 2019, the Company was notified by the New York Stock Exchange (“NYSE”) that the NYSE had determined to commence proceedings to delist the Company’s common stock as a result of the NYSE’s determination that the Company’s common stock was no longer suitable for listing on the NYSE based on “abnormally low” price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual. The NYSE also suspended trading in the Company’s common stock effective immediately.
The U.S. power sector’s pivot away to cleaner energy sources has led to trouble for some domestic energy companies which placed massive bets on coal in the past
The return on equity of -211.13% and return on assets of -41.80% are underperforming 84% of companies in the Global Drug Manufacturers - Specialty and Generic industry. The company's largest guru shareholder is Jim Simons (Trades, Portfolio)' Renaissance Technologies with 4.75% of outstanding shares, followed by Chuck Royce (Trades, Portfolio) with 1.53%. The return on equity of -0.71% and return on assets of -0.42% are underperforming 72% of companies in the Global Coal industry.
One of the restructuring advisers waiting to see if PG&E Corp. can win approval of its $5.5 billion bankruptcy loan is investment bank Lazard Freres & Co., which has a $16 million fee riding on the deal....
Inc., a company that mines thermal coal, said Friday it is skipping a $1.8 million interest payment and could file for chapter 11 protection as it continues talks with creditors about restructuring its balance sheet. Cloud said if it defaults, or the debt is accelerated, the company doesn’t “have adequate liquidity to repay the principal balance” on its debt. The subsidiary has a $17.4 million interest payment due May 1 on the 2021 bonds.
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Investors need to pay close attention to Cloud Peak Energy (CLD) stock based on the movements in the options market lately.
Cloud Peak Energy (CLD) closed the most recent trading day at $0.38, moving +1.31% from the previous trading session.
NEW YORK, Feb. 01, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Cloud Peak Energy Inc. (CLD) (the “Company”), the only pure-play Powder River Basin (“PRB”) coal company, today announced that it has retained Centerview Partners LLC as its investment banker, Vinson & Elkins LLP as its legal advisor, and FTI Consulting, Inc. as its financial advisor to assist the Company and its Board of Directors in the Company’s review of capital structure and restructuring alternatives. During this review process, the Company’s mines will continue normal operations, safely and efficiently meeting our customer commitments.
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Cloud Peak Energy Inc. (CLD) (the “Company”) announced today that its Board of Directors (the “Board”) has adopted a Stockholder Rights Plan (the “Rights Plan”) designed to preserve its substantial federal net operating loss carryforwards (“NOLs”) and other tax carryforwards, which can be utilized in certain circumstances to offset future U.S. taxable income. As of December 31, 2018, the Company had estimated federal NOLs and other tax carryforwards of approximately $300 million. The Board adopted the Rights Plan, which is intended to protect the Company’s tax benefits, after considering, among other matters, the estimated potential value of the Company’s tax benefits, the potential for diminution of those tax benefits upon certain ownership changes of 5% stockholders and the risk of such an ownership change occurring due to the volatility and trading activity in the Company’s common stock.
Cloud Peak Energy (CLD) needs investors to pay close attention to the stock based on moves in the options market lately.
Cloud Peak Energy Inc. (CLD) (the “Company”) announced that on December 26, 2018, the Company was notified by the New York Stock Exchange (“NYSE”) that the average closing price of the Company’s shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE under Rule 802.01C of the NYSE Listed Company Manual. Under the NYSE’s rules, the Company has six months following receipt of the notification to regain compliance with the minimum share price requirement.