The stock of Westmoreland Coal Company (NASDAQ:WLB) is a huge mover today! The stock decreased 3.31% or $0.3 during the last trading session, hitting $8.77. About 108,255 shares traded hands. Westmoreland Coal Company (NASDAQ:WLB) has risen 29.57% since March 2, 2016 and is uptrending. It has outperformed by 21.31% the S&P500.
The move comes after 7 months negative chart setup for the $157.31 million company. It was reported on Oct, 6 by Barchart.com. We have $7.63 PT which if reached, will make NASDAQ:WLB worth $20.45M less.
Analysts await Westmoreland Coal Company (NASDAQ:WLB) to report earnings on October, 28. They expect $0.01 earnings per share, up 100.83% or $1.21 from last year’s $-1.2 per share. WLB’s profit will be $179,373 for 219.25 P/E if the $0.01 EPS becomes a reality. After $-1.37 actual earnings per share 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. The firm earned “Outperform” rating on Tuesday, September 1 by BMO Capital Markets. The firm has “Speculative Buy” rating given on Tuesday, February 9 by ForwardView Consulting. The stock of Westmoreland Coal Company (NASDAQ:WLB) has “Outperform” rating given on Friday, September 4 by BMO Capital Markets. The stock has “Outperform” rating given by FBR Capital on Monday, November 16. The firm earned “Outperform” rating on Friday, September 18 by FBR Capital.
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 2016 Q2. Its up 0.01, from 1.29 in 2016Q1. The ratio increased, 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.
State Board Of Administration Of Florida Retirement System owns 18,103 shares or 0% of their US portfolio. State Street Corp has invested 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). Barclays Public Ltd Co accumulated 53 shares or 0% of the stock. Geode Capital Lc has 115,424 shares for 0% of their US portfolio. Blackrock Advisors Ltd Co has invested 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). Blackrock accumulated 0% or 6,207 shares. Credit Suisse Ag reported 88,343 shares or 0% of all its holdings. Commercial Bank Of New York Mellon Corp, a New York-based fund reported 103,521 shares. Northern Tru Corp holds 0% or 192,149 shares in its portfolio. Tower Capital Lc (Trc) has 407 shares for 0% of their US portfolio. Millennium Ltd Company last reported 0% of its portfolio in the stock. Creative Planning last reported 0% of its portfolio in the stock. Renaissance Techs Ltd Com last reported 0% of its portfolio in the stock. Alliancebernstein Lp has 20,500 shares for 0% of their US portfolio. Altalis Capital Management Ltd has 168,383 shares for 1.15% of their US portfolio.
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 Seekingalpha.com with their article: “Westmoreland Coal Company: Excellent Short Candidate And Bankruptcy Protection …” published on April 20, 2016, Denverpost.com published: “Colorado-based Westmoreland Coal buys two Ohio coal companies” on January 02, 2015. More interesting news about Westmoreland Coal Company (NASDAQ:WLB) were released by: Fool.com and their article: “Why Westmoreland Coal Company’s Stock Fell 20% Last Month” published on August 04, 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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