The stock of Westmoreland Coal Company (NASDAQ:WLB) is a huge mover today! About 364,473 shares traded hands or 91.25% up from the average. Westmoreland Coal Company (NASDAQ:WLB) has risen 60.03% since April 4, 2016 and is uptrending. It has outperformed by 58.94% the S&P500.
The move comes after 5 months positive chart setup for the $294.05 million company. It was reported on Nov, 4 by Barchart.com. We have $35.60 PT which if reached, will make NASDAQ:WLB worth $526.35 million more.
Westmoreland Coal Company (NASDAQ:WLB) Ratings Coverage
Out of 4 analysts covering Westmoreland Coal (NASDAQ:WLB), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Westmoreland Coal has been the topic of 7 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, November 16 by FBR Capital. The firm has “Outperform” rating given on Friday, September 4 by BMO Capital Markets. The stock of Westmoreland Coal Company (NASDAQ:WLB) earned “Speculative Buy” rating by ForwardView Consulting on Tuesday, February 9. The company was initiated on Friday, September 18 by FBR Capital. The company was initiated on Friday, November 4 by Seaport Global Securities. The firm has “Outperform” rating given on Thursday, October 13 by FBR Capital. The firm has “Outperform” rating by BMO Capital Markets given on Tuesday, September 1.
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.”
Insitutional Activity: The institutional sentiment increased to 1.3 in Q2 2016. Its up 0.01, from 1.29 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.
Blackrock Advsr Ltd Limited Liability Company holds 0% or 8,783 shares in its portfolio. Tiaa Cref Inv Mngmt Ltd Liability owns 80,603 shares or 0% of their US portfolio. Gsa Partners Ltd Liability Partnership owns 38,899 shares or 0.02% of their US portfolio. Whittier Tru Company holds 0% or 1,000 shares in its portfolio. Goldman Sachs Grp Inc Inc Inc owns 39,341 shares or 0% of their US portfolio. Zacks Investment Management holds 0.01% of its portfolio in Westmoreland Coal Company (NASDAQ:WLB) for 25,928 shares. Manufacturers Life Insurance The reported 14,665 shares or 0% of all its holdings. Bnp Paribas Arbitrage last reported 653 shares in the company. Peak6 Invs Lp accumulated 3,342 shares or 0% of the stock. Group Inc, a New York-based fund reported 10,602 shares. Invesco Limited accumulated 91,735 shares or 0% of the stock. Venor Capital Mngmt Ltd Partnership accumulated 1.29 million shares or 8.42% of the stock. Connor Clark Lunn Investment Mngmt Ltd last reported 0% of its portfolio in the stock. Cornerstone Cap Ltd Liability Com last reported 0% of its portfolio in the stock. Jacobs Levy Equity Inc holds 13,000 shares or 0% of its portfolio.
More important 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 article titled: “Moody’s downgrades Westmoreland Coal Company’s CFR to Caa1; outlook stable”, Seekingalpha.com published: “Westmoreland Coal Company’s (WLB) CEO Kevin Paprzycki on Q1 2016 Results …” on May 10, 2016. More interesting news about Westmoreland Coal Company (NASDAQ:WLB) was released by: Businesswire.com and their article: “Westmoreland Coal Company Appoints Gary Kohn Vice President of Investor Relations” with publication date: April 05, 2016.
WLB Company Profile
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.
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