Insider Purchase: Keith Horton Paid for 1,500 Shares of Westmoreland Resource Partners LP (NYSE:WMLP)

November 26, 2016 - By Ellis Scott

Insider Purchase: Keith Horton Paid for 1,500 Shares of Westmoreland Resource Partners LP (NYSE:WMLP)

Keith Horton Insider Buy

After the disclosing of a public report filled with Washington-based SEC; a new investment became apparent. The director of Westmoreland Resource Partners – Lp, Keith Horton; did a purchase in the open market by buying 1,500 shares at an avg. stock price per share of $6.0 of the firm worth $8,945 US Dollars. This trade decreased his ownership of the Company to 0.03% market cap or 5,886 shares.

The stock decreased 13.76% or $0.82 on November 25, hitting $5.14. About 39,673 shares traded hands or 313.52% up from the average. Westmoreland Resource Partners LP (NYSE:WMLP) has risen 2.93% since April 22, 2016 and is uptrending. It has underperformed by 2.48% the S&P500.

Westmoreland Resource Partners, LP, formerly Oxford Resource Partners, LP, is a producer and marketer of thermal coal to the United States utilities and industrial users, and a producer of surface mined coal in Ohio. The company has a market cap of $6.29 million. The Firm markets coal to electric utilities with coal-fired, base-load scrubbed power plants under long-term coal sales contracts. It currently has negative earnings. The Company’s reserves and activities serve its market area of the Midwest, Northeast and Rocky Mountain regions of the United States.

According to Zacks Investment Research, “Oxford Resource Partners LP, based in Columbus, Ohio, is a producer of steam coal, and surface mined coal in Ohio. The Company focuses on acquiring steam coal reserves. Its reserves and operations are located in Northern Appalachia and the Illinois Basin to serve the primary market area of Illinois, Indiana, Kentucky, Ohio, Pennsylvania and West Virginia. Oxford Resource markets its coal primarily to large utilities with coal-fired, base-load scrubbed power plants under long-term coal sales contracts.”

Analysts await Westmoreland Resource Partners LP (NYSE:WMLP) to report earnings on March, 10.

More important recent Westmoreland Resource Partners LP (NYSE:WMLP) news were published by: Blogs.Wsj.com which released: “CFO Moves: Westmoreland Resource Partners, Veracyte, Noble” on November 22, 2016, also Globenewswire.com published article titled: “Westmoreland Resource Partners, LP Reports Second Quarter 2016 Distribution”, Nasdaq.com published: “Westmoreland Resource Partners Announces Unit Exchange Transaction and ..” on October 28, 2016. More interesting news about Westmoreland Resource Partners LP (NYSE:WMLP) was released by: Bizjournals.com and their article: “Columbus coal company acquired for $30M amid financial struggles” with publication date: January 02, 2015.

WMLP Company Profile

Westmoreland Resource Partners, LP, formerly Oxford Resource Partners, LP, incorporated on August 7, 2007, is a producer and marketer of thermal coal to the United States utilities and industrial users, and a producer of surface mined coal in Ohio. The Firm markets coal to electric utilities with coal-fired, base-load scrubbed power plants under long-term coal sales contracts. The Company’s reserves and activities serve its market area of the Midwest, Northeast and Rocky Mountain regions of the United States. The Firm operates approximately 20 active surface mines and manages these mines as mining complexes located in eastern Ohio and Wyoming. The Company’s Ohio mining facilities include approximately two preparation plants, both of which receive, wash, blend, process and ship coal produced from its mines. The Company’s operating subsidiaries include Oxford Mining Company, LLC, Oxford Mining Company-Kentucky, LLC, Westmoreland Kemmerer, LLC, Westmoreland Kemmerer Fee Coal Holdings, LLC and Harrison Resources, LLC.

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