November 23, 2016 - By Michael Collier
In a note issued on 23 November, Westmoreland Coal (NASDAQ:WLB) stock had its Outperform Rating restate by expert analysts at FBR & Co.. They currently have a $22.0 target price on firm. FBR & Co.’s target suggests a potential upside of 43.79% from the company’s close price.
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. Seaport Global Securities initiated the shares of WLB in a report on Friday, November 4 with “Buy” rating. FBR Capital initiated Westmoreland Coal Company (NASDAQ:WLB) rating on Friday, September 18. FBR Capital has “Outperform” rating and $20 price target. The stock of Westmoreland Coal Company (NASDAQ:WLB) earned “Outperform” rating by BMO Capital Markets on Tuesday, September 1. As per Tuesday, February 9, the company rating was downgraded by ForwardView Consulting. The firm has “Outperform” rating given on Friday, September 4 by BMO Capital Markets. The company was maintained on Monday, November 16 by FBR Capital. The rating was maintained by FBR Capital on Wednesday, November 9 with “Outperform”. The stock has “Outperform” rating given by FBR Capital on Thursday, October 13.
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 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.
Zacks Invest Mgmt last reported 0.01% of its portfolio in the stock. The Massachusetts-based Massachusetts Fin Svcs Company Ma has invested 0% in Westmoreland Coal Company (NASDAQ:WLB). The New York-based Tower Capital Limited Liability (Trc) has invested 0% in Westmoreland Coal Company (NASDAQ:WLB). Blackrock Mgmt Llc, a New Jersey-based fund reported 76,878 shares. Venor Mgmt Lp accumulated 8.42% or 1.29M shares. Goldman Sachs Group Inc reported 39,341 shares or 0% of all its holdings. Alliancebernstein Limited Partnership has invested 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB). Gendell Jeffrey L holds 2.32% or 1.19M shares in its portfolio. Voya Inv Management Limited Liability last reported 10,563 shares in the company. Vanguard Group Incorporated Inc holds 0% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB) for 970,183 shares. Blackrock Fund Advisors accumulated 0% or 475,106 shares. Moreover, Bancorp Of America Corporation De has 0% invested in Westmoreland Coal Company (NASDAQ:WLB) for 3,100 shares. Altalis Limited Liability Company, a New York-based fund reported 168,383 shares. Price T Rowe Md accumulated 15,200 shares or 0% of the stock. Barclays Pcl, a United Kingdom-based fund reported 53 shares.
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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