The Best Stock in Wyoming: Cloud Peak Energy
We analyzed publicly traded companies based in the Cowboy State to identify the best stock in Wyoming to buy now.
We scoured the nation to identify the best stock in every state. Cloud Peak Energy (symbol CLD) is the publicly traded company we picked in Wyoming. The company headquarters is located in Gillette.
A word of caution: Since we selected a single stock from each state (plus one from D.C), and choices in some states are sparse, a few of our picks are best suited to investors comfortable with a higher degree of risk. This is not necessarily one of our 51 favorite stocks in the entire U.S., in other words.
Cloud Peak Energy by the Numbers
- Headquarters: Gillette
- Share price: $3.01
- Market value: $226 million
- Price-earnings ratio: NA
(Prices and data are as of June 22, 2017)
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
The pickings for public companies in Wyoming are slim. Cloud Peak is the biggest, even though the stock qualifies as a “penny stock,” trading at $3 a share. Still, it might pay off for contrarian investors willing to take a shot on a coal company. Cloud Peak produces coal in the Powder River Basin, operating three mines in Wyoming and Montana. Ryan Thibodeaux, comanager of the Goodwood SMID Long/Short fund, which owns the stock, concedes that coal stocks are a tough sell, given the expected long-term decline in the use of coal for generating electricity as utilities turn to cheaper natural gas. Natural gas prices, however, have been on the rise since late 2016, causing utilities to draw down coal inventories, implying increased future demand, says Thibodeaux. He thinks Cloud Peak is worth $10 a share. Analysts at Stifel rate the stock a “buy” with a 12-month price target of $7.25.
To continue reading this article
please register for free
This is different from signing in to your print subscription
Why am I seeing this? Find out more here
Ryan joined Kiplinger in the fall of 2013. He wrote and fact-checked stories that appeared in Kiplinger's Personal Finance magazine and on Kiplinger.com. He previously interned for the CBS Evening News investigative team and worked as a copy editor and features columnist at the GW Hatchet. He holds a BA in English and creative writing from George Washington University.
-
How You Can Tackle Health Care Costs in Retirement
Doctor visits and medications are only part of the challenge of health care costs — there’s also long-term care planning. Here’s what you can do.
By Joel V. Russo, LUTCF Published
-
Considering Purchasing and Renting a Property in Italy?
Owning a property in Italy where you can stay when you visit and rent out when you’re not there requires very careful planning.
By Davide Migali Published
-
Stock Market Today: Stocks Soar on Apple Buyback News, Jobs Data
The main indexes rallied hard to end the week thanks to Apple's $110 billion stock repurchase plan and a big April payrolls miss.
By Karee Venema Published
-
Stock Market Today: Stocks Sizzle Ahead of Apple Earnings, Jobs Report
The Nasdaq outperformed in a strong day for stocks thanks to Qualcomm's post-earnings pop.
By Karee Venema Published
-
Stock Market Today: Stocks Pop Then Drop After Fed Meeting
Stocks went on a roller-coaster ride after Fed Chair Powell said interest rates were likely at a sufficiently restrictive level.
By Karee Venema Published
-
Stock Market Today: Stocks Sell Off Ahead of Fed Decision
Stocks sold off sharply Tuesday as anxiety set in ahead of Wednesday's policy statement from the Federal Reserve.
By Karee Venema Published
-
Stock Market Today: Markets Post Broad-Based Gains Thanks to Mega-Cap Tech
Stocks get help from a couple of laggard Magnificent 7 stocks.
By Dan Burrows Published
-
Stock Market Today: Markets Soar Amid Strong Earnings for Big Tech
Equities ended the week on an up note thanks to some of the market's biggest names.
By Dan Burrows Published
-
Stock Market Today: Markets Tumble Amid Slower Economic Growth and Rising Prices
Disappointing readings on GDP and inflation helped tank equities.
By Dan Burrows Published
-
Stock Market Today: Stocks Run Out of Steam Ahead of Meta Earnings
The Dow Jones Industrial Average snapped a four-day winning streak after Boeing's first-quarter results.
By Karee Venema Published