Westmoreland Coal (WLB) Shares Gap Up to $0.32

Shares of Westmoreland Coal (NASDAQ:WLB) gapped up before the market opened on Friday . The stock had previously closed at $0.36, but opened at $0.32. Westmoreland Coal shares last traded at $0.31, with a volume of 1104859 shares changing hands.

A number of analysts have recently commented on WLB shares. ValuEngine upgraded shares of Westmoreland Coal from a “sell” rating to a “hold” rating in a report on Wednesday, February 28th. Zacks Investment Research upgraded shares of Westmoreland Coal from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $6.00.

The firm has a market cap of $4.69, a P/E ratio of -0.08 and a beta of 1.00. The company has a current ratio of 1.04, a quick ratio of 0.71 and a debt-to-equity ratio of -1.32.

Westmoreland Coal (NASDAQ:WLB) last announced its earnings results on Monday, April 2nd. The coal producer reported $1.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.89. The business had revenue of $363.80 million for the quarter, compared to the consensus estimate of $302.30 million. equities analysts forecast that Westmoreland Coal will post -0.89 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its stake in Westmoreland Coal by 168.2% in the 4th quarter. Millennium Management LLC now owns 478,863 shares of the coal producer’s stock worth $579,000 after purchasing an additional 300,300 shares in the last quarter. Creative Planning boosted its stake in Westmoreland Coal by 169.2% in the 4th quarter. Creative Planning now owns 130,016 shares of the coal producer’s stock worth $157,000 after purchasing an additional 81,710 shares in the last quarter. Mangrove Partners boosted its stake in Westmoreland Coal by 19.1% in the 3rd quarter. Mangrove Partners now owns 992,251 shares of the coal producer’s stock worth $2,530,000 after purchasing an additional 158,906 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Westmoreland Coal by 21.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 334,645 shares of the coal producer’s stock worth $853,000 after purchasing an additional 59,478 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new position in Westmoreland Coal in the 3rd quarter worth about $531,000. Institutional investors own 51.04% of the company’s stock.

WARNING: “Westmoreland Coal (WLB) Shares Gap Up to $0.32” was first posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3335773/westmoreland-coal-wlb-shares-gap-up-to-0-32.html.

Westmoreland Coal Company Profile

Westmoreland Coal Company, through its subsidiaries, operates as an energy company. The company operates through Coal – U.S., Coal – Canada, Coal – WMLP, and Power segments. It produces and sells sub-bituminous coal and lignite to power plants. The company owns and operates coal mines in Montana, North Dakota, Ohio, and Texas, the United States; and Alberta and Saskatchewan, Canada.

Receive News & Ratings for Westmoreland Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westmoreland Coal and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Patterson-UTI  Releases  Earnings Results, Misses Estimates By $0.09 EPS
Patterson-UTI Releases Earnings Results, Misses Estimates By $0.09 EPS
Carter’s  Releases Q2 Earnings Guidance
Carter’s Releases Q2 Earnings Guidance
Town Sports International  Reaches New 12-Month High and Low at $9.40
Town Sports International Reaches New 12-Month High and Low at $9.40
iQIYI  Announces  Earnings Results, Beats Estimates By $0.81 EPS
iQIYI Announces Earnings Results, Beats Estimates By $0.81 EPS
InterDigital  Issues  Earnings Results
InterDigital Issues Earnings Results
Investors Buy Shares of SPDR Gold Shares  on Weakness
Investors Buy Shares of SPDR Gold Shares on Weakness


© 2006-2018 Ticker Report. Google+.