Stock Mover of The Day: After Today’s Huge Increase, Is Westmoreland Coal Company’s Near-Term Analysis Positive?

Stock Mover of The Day: After Today's Huge Increase, Is Westmoreland Coal Company's Near Term Analysis Positive?

The stock of Westmoreland Coal Company (NASDAQ:WLB) is a huge mover today! The stock increased 5.98% or $0.53 during the last trading session, hitting $9.39. About 133,799 shares traded hands. Westmoreland Coal Company (NASDAQ:WLB) has risen 44.07% since February 29, 2016 and is uptrending. It has outperformed by 31.85% the S&P500.
The move comes after 7 months positive chart setup for the $176.56 million company. It was reported on Oct, 4 by Barchart.com. We have $17.84 PT which if reached, will make NASDAQ:WLB worth $158.90 million more.

Analysts await Westmoreland Coal Company (NASDAQ:WLB) to report earnings on October, 28. They expect $0.01 EPS, up 100.83% or $1.21 from last year’s $-1.2 per share. WLB’s profit will be $188,030 for 234.75 P/E if the $0.01 EPS becomes a reality. After $-1.37 actual EPS reported by Westmoreland Coal Company for the previous quarter, Wall Street now forecasts -100.73% EPS growth.

Westmoreland Coal Company (NASDAQ:WLB) Ratings Coverage

Out of 3 analysts covering Westmoreland Coal (NASDAQ:WLB), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Westmoreland Coal has been the topic of 5 analyst reports since September 1, 2015 according to StockzIntelligence Inc. BMO Capital Markets initiated Westmoreland Coal Company (NASDAQ:WLB) on Friday, September 4 with “Outperform” rating. FBR Capital maintained it with “Outperform” rating and $13 target price in Monday, November 16 report. The stock of Westmoreland Coal Company (NASDAQ:WLB) earned “Outperform” rating by BMO Capital Markets on Tuesday, September 1. On Friday, September 18 the stock rating was initiated by FBR Capital with “Outperform”. As per Tuesday, February 9, the company rating was downgraded by ForwardView Consulting.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.3 in Q2 2016. Its up 0.01, from 1.29 in 2016Q1. The ratio improved, as 14 funds sold all Westmoreland Coal Company shares owned while 16 reduced positions. 10 funds bought stakes while 29 increased positions. They now own 11.26 million shares or 28.48% less from 15.75 million shares in 2016Q1.
The New York-based Goldman Management has invested 2.11% in Westmoreland Coal Company (NASDAQ:WLB). Legal & General Grp Inc Public Limited Company has invested 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). Rhumbline Advisers owns 25,818 shares or 0% of their US portfolio. Gsa Llp reported 38,899 shares or 0.02% of all its holdings. Moreover, Alliancebernstein Ltd Partnership has 0% invested in Westmoreland Coal Company (NASDAQ:WLB) for 20,500 shares. Millennium Mgmt Limited Liability Com holds 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB) for 119,993 shares. Bnp Paribas Arbitrage Sa last reported 653 shares in the company. Menta Capital Limited Liability Co accumulated 0.06% or 42,474 shares. Northern Trust holds 0% or 192,149 shares in its portfolio. State Bank Of America De accumulated 3,100 shares or 0% of the stock. Schwab Charles Inv Mgmt last reported 20,652 shares in the company. Monarch Prtnrs Asset Management Limited Liability last reported 20,990 shares in the company. Wells Fargo And Communication Mn holds 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB) for 5,010 shares. Goldman Sachs Group Inc last reported 39,341 shares in the company. New York State Common Retirement Fund, a New York-based fund reported 16,300 shares.

More notable recent Westmoreland Coal Company (NASDAQ:WLB) news were published by: Bizjournals.com which released: “Power plant’s switch to clean coal ends with closure of Central Texas mine” on September 27, 2016, also Moodys.com with their article: “Moody’s downgrades Westmoreland Coal Company’s CFR to Caa1; outlook stable” published on March 01, 2016, Seekingalpha.com published: “Westmoreland Coal Company: Excellent Short Candidate And Bankruptcy Protection …” on April 20, 2016. More interesting news about Westmoreland Coal Company (NASDAQ:WLB) were released by: Denverpost.com and their article: “Colorado-based Westmoreland Coal buys two Ohio coal companies” published on January 02, 2015 as well as Seekingalpha.com‘s news article titled: “Westmoreland Coal Company’s (WLB) CEO Kevin Paprzycki on Q1 2016 Results …” with publication date: May 10, 2016.

WLB Company Profile

Westmoreland Coal Company, incorporated on May 4, 1910, is an energy company. The Firm operates through six divisions: Coal – U.S., Coal – Canada, Coal – Westmoreland Resource Partners, LP (WMLP), Power, Heritage and Corporate. Coal – U.S. segment includes the activities of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. Coal – Canada segment includes the activities of coal mines located in Alberta and Saskatchewan. Coal – WMLP segment includes the activities of Westmoreland Resource Partners, LP, a coal master limited partnership. Power segment includes its Roanoke Valley Power Facility (ROVA) activities located in North Carolina. Heritage segment includes the benefits the Company provides to former mining operation employees, as well as other administrative costs associated with providing those benefits and cost containment efforts. Corporate segment consists of corporate administrative expenses. The Company’s activities include over 10 coal mines in the United States and Canada, a char production facility, stake in an activated carbon plant, and approximately two coal-fired power generation units. The Firm produces and sells thermal coal primarily to investment grade utility clients under long-term cost-protected contracts, as well as to industrial clients and barbeque briquettes manufacturers.

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