Westmoreland Coal (NASDAQ:WLB) fell 5.5% during trading on Monday . The company traded as low as $1.51 and last traded at $1.56. 1,177,449 shares were traded during mid-day trading, an increase of 132% from the average session volume of 506,890 shares. The stock had previously closed at $1.65.
WLB has been the subject of several recent analyst reports. B. Riley restated a “buy” rating on shares of Westmoreland Coal in a report on Monday, November 6th. Zacks Investment Research upgraded Westmoreland Coal from a “strong sell” rating to a “hold” rating in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Westmoreland Coal has a consensus rating of “Hold” and an average target price of $6.00.
The stock has a market cap of $28.87, a price-to-earnings ratio of -0.21 and a beta of 0.66. The company has a quick ratio of 0.71, a current ratio of 1.04 and a debt-to-equity ratio of -1.32.
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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