Cloud Peak Energy Inc. ( CLD ) saw a big move last session, as the company's shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $15.32 to $15.86 in the past one-month time frame.
Although this slump was obviously disappointing, the coal exploration company has seen 2 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for CLD. So make sure to keep an eye on this stock going forward to see if yesterday's price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
CLD currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better-ranked stocks in the same sector include Alliance Resource Partners LP ( ARLP ) and Oxford Resource Partners, L.P. ( OXF ). Both these stocks hold a Zacks Rank #2 (Buy). Meanwhile, one can also consider the Zacks Ranked #1 (Strong Buy) stock of Cheniere Energy, Inc. ( LNG ) from the broader energy sector.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportCLOUD PEAK EGY (CLD): Free Stock Analysis ReportALLIANCE RES (ARLP): Free Stock Analysis ReportOXFORD RES PTNR (OXF): Free Stock Analysis ReportCHENIERE ENERGY (LNG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research