Westmoreland Coal Company (WLB) Stock Rating Upgraded by Zacks Investment Research

Westmoreland Coal Company (NASDAQ:WLB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Westmoreland Coal Company’s principal activities are: the production and sale of coal from the Powder River Basin in eastern Montana; the ownership of interests in cogeneration and other non-regulated independent power plants; and the leasing of capacity at Dominion Terminal Associates, a coal storage and vessel loading facility. “

A number of other equities analysts have also recently weighed in on the company. FBR & Co reiterated a “buy” rating and set a $7.00 price target on shares of Westmoreland Coal in a report on Friday, September 1st. BMO Capital Markets cut Westmoreland Coal from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $18.00 to $5.00 in a report on Thursday, August 3rd.

Shares of Westmoreland Coal (WLB) traded down $0.10 on Thursday, hitting $1.69. The company’s stock had a trading volume of 179,159 shares, compared to its average volume of 263,639. Westmoreland Coal has a twelve month low of $1.65 and a twelve month high of $19.92. The company has a debt-to-equity ratio of -1.32, a current ratio of 1.04 and a quick ratio of 0.66.

Westmoreland Coal (NASDAQ:WLB) last released its quarterly earnings results on Thursday, August 3rd. The coal producer reported ($2.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.58) by ($1.11). The firm had revenue of $323.03 million during the quarter, compared to analyst estimates of $320.85 million. sell-side analysts forecast that Westmoreland Coal will post -4.76 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.com-unik.info/2017/11/05/westmoreland-coal-company-wlb-stock-rating-upgraded-by-zacks-investment-research.html.

Institutional investors have recently made changes to their positions in the stock. Western Standard LLC purchased a new position in Westmoreland Coal during the 2nd quarter valued at about $123,000. Edge Wealth Management LLC purchased a new position in Westmoreland Coal during the 3rd quarter valued at about $128,000. Alliancebernstein L.P. boosted its holdings in Westmoreland Coal by 35.6% during the 2nd quarter. Alliancebernstein L.P. now owns 27,400 shares of the coal producer’s stock valued at $133,000 after acquiring an additional 7,200 shares during the period. American International Group Inc. boosted its holdings in Westmoreland Coal by 7.1% during the 1st quarter. American International Group Inc. now owns 11,341 shares of the coal producer’s stock valued at $165,000 after acquiring an additional 751 shares during the period. Finally, Tudor Investment Corp ET AL boosted its holdings in Westmoreland Coal by 166.7% during the 2nd quarter. Tudor Investment Corp ET AL now owns 38,012 shares of the coal producer’s stock valued at $185,000 after acquiring an additional 23,758 shares during the period. Institutional investors own 77.97% of the company’s stock.

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.

What are top analysts saying about Westmoreland Coal Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Westmoreland Coal Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit