Price Change to Note: Does Westmoreland Coal Company Have Any Gas After Today’s Significant Decline?

Price Change to Note: Does Westmoreland Coal Company Have Any Gas After Today's Significant Decline?

The stock of Westmoreland Coal Company (NASDAQ:WLB) is a huge mover today! About 377,233 shares traded hands or 28.84% up from the average. Westmoreland Coal Company (NASDAQ:WLB) has risen 125.58% since April 13, 2016 and is uptrending. It has outperformed by 121.66% the S&P500.
The move comes after 9 months negative chart setup for the $299.58M company. It was reported on Nov, 15 by Barchart.com. We have $13.53 PT which if reached, will make NASDAQ:WLB worth $35.95M less.

Westmoreland Coal Company (NASDAQ:WLB) Ratings Coverage

Out of 4 analysts covering Westmoreland Coal (NASDAQ:WLB), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Westmoreland Coal has been the topic of 8 analyst reports since September 1, 2015 according to StockzIntelligence Inc. FBR Capital initiated it with “Outperform” rating and $20 target price in Friday, September 18 report. The firm has “Buy” rating given on Friday, November 4 by Seaport Global Securities. The stock has “Speculative Buy” rating given by ForwardView Consulting on Tuesday, February 9. The firm has “Outperform” rating given on Monday, November 16 by FBR Capital. BMO Capital Markets initiated the shares of WLB in a report on Friday, September 4 with “Outperform” rating. The firm earned “Outperform” rating on Wednesday, November 9 by FBR Capital. FBR Capital maintained Westmoreland Coal Company (NASDAQ:WLB) rating on Thursday, October 13. FBR Capital has “Outperform” rating and $12 price target. BMO Capital Markets initiated it with “Outperform” rating and $20 target price in Tuesday, September 1 report.

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.
Gendell Jeffrey L has 1.19 million shares for 2.32% of their US portfolio. Jacobs Levy Equity Mgmt has invested 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). Citadel Advsr reported 37,956 shares or 0% of all its holdings. Blackrock Inc accumulated 0% or 6,207 shares. Menta Capital Ltd Limited Liability Company last reported 42,474 shares in the company. Manufacturers Life Insur The holds 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB) for 14,665 shares. Blackrock Mngmt Ltd Liability has 0% invested in the company for 76,878 shares. Teachers Advsr holds 0% or 28,067 shares in its portfolio. Legal General Grp Public Limited has 2,151 shares for 0% of their US portfolio. Panagora Asset Management Incorporated, a Massachusetts-based fund reported 23,795 shares. Amer International Gru Inc accumulated 10,602 shares or 0% of the stock. Goldman Mngmt accumulated 257,682 shares or 2.11% of the stock. Farmstead Management Limited Co has 732,061 shares for 2.73% of their US portfolio. Barclays Public Ltd Company has 0% invested in the company for 53 shares. Diam holds 0.01% or 52,200 shares in its portfolio.

More recent Westmoreland Coal Company (NASDAQ:WLB) news were published by: Moodys.com which released: “Moody’s downgrades Westmoreland Coal Company’s CFR to Caa1; outlook stable” on March 01, 2016. Also Seekingalpha.com published the news titled: “Westmoreland Coal Company: Excellent Short Candidate And Bankruptcy Protection …” on April 20, 2016. Seekingalpha.com‘s news article titled: “Westmoreland Coal Company’s (WLB) CEO Kevin Paprzycki on Q1 2016 Results …” with publication date: May 10, 2016 was also an interesting one.

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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