November 23, 2016 - By Louis Casey
Research professionals at FBR & Co. have $22 PT on Westmoreland Coal (NASDAQ:WLB). FBR & Co.’s PT means a potential upside of 43.79% from the company’s stock close price. The rating was disclosed to clients in a note on Wednesday, 23 November.
Out of 4 analysts covering Westmoreland Coal (NASDAQ:WLB), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $20 is the highest target while $9 is the lowest. The $16.25 average target is 6.21% above today’s ($15.3) stock price. Westmoreland Coal has been the topic of 8 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The rating was initiated by Seaport Global Securities on Friday, November 4 with “Buy”. FBR Capital initiated the shares of WLB in a report on Friday, September 18 with “Outperform” rating. The rating was maintained by FBR Capital with “Outperform” on Monday, November 16. BMO Capital Markets initiated the stock with “Outperform” rating in Friday, September 4 report. The firm has “Speculative Buy” rating by ForwardView Consulting given on Tuesday, February 9. The rating was initiated by BMO Capital Markets on Tuesday, September 1 with “Outperform”. The firm has “Outperform” rating by FBR Capital given on Wednesday, November 9. The rating was maintained by FBR Capital on Thursday, October 13 with “Outperform”.
The stock increased 1.93% or $0.29 during the last trading session, hitting $15.3. Westmoreland Coal Company (NASDAQ:WLB) has risen 119.51% since April 21, 2016 and is uptrending. It has outperformed by 114.18% the S&P500.
Insitutional Activity: The institutional sentiment increased to 2.19 in Q2 2016. Its up 0.89, from 1.3 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.
Rhumbline Advisers reported 25,818 shares or 0% of all its holdings. Whittier Com accumulated 1,000 shares or 0% of the stock. Retail Bank Of America Corporation De holds 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB) for 3,100 shares. Mangrove Prns has invested 4.49% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). Wells Fargo Company Mn owns 5,010 shares or 0% of their US portfolio. Schwab Charles Invest Mgmt reported 20,652 shares or 0% of all its holdings. Vanguard Gru Inc last reported 0% of its portfolio in the stock. Manufacturers Life Insur The, a Ontario – Canada-based fund reported 14,665 shares. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Federated Pa owns 12,504 shares or 0% of their US portfolio. Connor Clark Lunn Investment, a British Columbia – Canada-based fund reported 34,300 shares. Teachers Advsr Inc last reported 0% of its portfolio in the stock. Barclays Public Ltd Com has invested 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). The Massachusetts-based Monarch Prtnrs Asset Mngmt has invested 0.02% in Westmoreland Coal Company (NASDAQ:WLB). Blackrock Institutional Tru Na owns 559,771 shares or 0% of their US portfolio.
Westmoreland Coal Company is an energy company. The company has a market cap of $275.15 million. The Firm operates through six divisions: Coal – U.S., Coal – Canada, Coal – Westmoreland Resource Partners, LP , Power, Heritage and Corporate. It currently has negative earnings. Coal – U.S. segment includes the activities of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico.
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.”
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.
More recent Westmoreland Coal Company (NASDAQ:WLB) news were published by: Seekingalpha.com which released: “Westmoreland Coal Company: Excellent Short Candidate And Bankruptcy Protection …” on April 20, 2016. Also Moodys.com published the news titled: “Moody’s downgrades Westmoreland Coal Company’s CFR to Caa1; outlook stable” on March 01, 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.
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By Louis Casey