The stock of Westmoreland Coal Company (NASDAQ:WLB) is a huge mover today! About 165,779 shares traded hands. Westmoreland Coal Company (NASDAQ:WLB) has risen 107.48% since April 14, 2016 and is uptrending. It has outperformed by 102.79% the S&P500.
The move comes after 9 months positive chart setup for the $282.78M company. It was reported on Nov, 16 by Barchart.com. We have $30.21 PT which if reached, will make NASDAQ:WLB worth $248.85 million more.
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. The rating was maintained by FBR Capital on Monday, November 16 with “Outperform”. The firm has “Outperform” rating given on Friday, September 18 by FBR Capital. The firm has “Speculative Buy” rating by ForwardView Consulting given on Tuesday, February 9. The company was maintained on Wednesday, November 9 by FBR Capital. The stock has “Outperform” rating given by BMO Capital Markets on Tuesday, September 1. The stock of Westmoreland Coal Company (NASDAQ:WLB) earned “Outperform” rating by FBR Capital on Thursday, October 13. The firm has “Buy” rating by Seaport Global Securities given on Friday, November 4. As per Friday, September 4, the company rating was initiated by BMO Capital Markets.
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 is positive, 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 National Bank Of Ny Mellon has invested 0% in Westmoreland Coal Company (NASDAQ:WLB). The California-based Blackrock Institutional Na has invested 0% in Westmoreland Coal Company (NASDAQ:WLB). The Massachusetts-based Rhumbline Advisers has invested 0% in Westmoreland Coal Company (NASDAQ:WLB). Jacobs Levy Equity owns 13,000 shares or 0% of their US portfolio. Amer International Gru, a New York-based fund reported 10,602 shares. Citadel Limited Liability Corporation has invested 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). State Board Of Administration Of Florida Retirement Sys reported 18,103 shares or 0% of all its holdings. Teachers Inc has 28,067 shares for 0% of their US portfolio. Barclays Plc last reported 0% of its portfolio in the stock. Moreover, Millennium Management has 0% invested in Westmoreland Coal Company (NASDAQ:WLB) for 119,993 shares. Alliancebernstein L P last reported 20,500 shares in the company. Menta has invested 0.06% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). Farmstead Cap Mgmt Ltd Limited Liability Company holds 732,061 shares or 2.73% of its portfolio. Wells Fargo & Com Mn has 0% invested in the company for 5,010 shares. Bancorporation Of America Corp De reported 3,100 shares or 0% of all its holdings.
More news for Westmoreland Coal Company (NASDAQ:WLB) were recently published by: Moodys.com, which released: “Moody’s downgrades Westmoreland Coal Company’s CFR to Caa1; outlook stable” on March 01, 2016. Seekingalpha.com‘s article titled: “Westmoreland Coal Company: Excellent Short Candidate And Bankruptcy Protection …” and published on April 20, 2016 is yet another important article.
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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