Westmoreland Coal Company (NASDAQ:WLB) released its quarterly earnings data on Tuesday. The coal producer reported ($1.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.90), reports.
Shares of Westmoreland Coal (NASDAQ WLB) traded down 12.814% during trading on Tuesday, hitting $1.735. The company had a trading volume of 605,185 shares. The stock’s 50-day moving average price is $2.39 and its 200 day moving average price is $4.83. Westmoreland Coal has a 52 week low of $1.68 and a 52 week high of $19.92. The company’s market capitalization is $32.52 million.
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A number of brokerages recently commented on WLB. FBR & Co restated a “buy” rating and set a $7.00 target price on shares of Westmoreland Coal in a report on Friday, September 1st. BMO Capital Markets downgraded Westmoreland Coal from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $18.00 to $5.00 in a report on Thursday, August 3rd. Finally, Zacks Investment Research downgraded Westmoreland Coal from a “hold” rating to a “strong sell” rating in a report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Westmoreland Coal presently has an average rating of “Hold” and an average target price of $10.67.
Westmoreland Coal Company Profile
Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.
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