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.
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.
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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.
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