Westmoreland Coal Company (WLB) was Reiterated by FBR & Co. to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 22 from a previous price target of $16 . FBR & Co. advised their investors in a research report released on Nov 23, 2016.
Many Wall Street Analysts have commented on Westmoreland Coal Company. Company shares were Reiterated by FBR & Co. on Nov 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 16 from a previous price target of $12 .Seaport Global Securities Initiated Westmoreland Coal Company on Nov 4, 2016 to “Buy”, Price Target of the shares are set at $20.Company shares were Reiterated by FBR & Co. on Oct 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .
On the company’s financial health, Westmoreland Coal Company reported $-0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.85 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.39. The company had revenue of $370.70 million for the quarter, compared to analysts expectations of $393.19 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-2.59 EPS.
Westmoreland Coal Company opened for trading at $14.84 and hit $15.82 on the upside on Monday, eventually ending the session at $15.5, with a gain of 4.52% or 0.67 points. The heightened volatility saw the trading volume jump to 3,03,835 shares. Company has a market cap of $288 M.
In a different news, on May 26, 2015, Michael G Hutchinson (director) sold 3,500 shares at $26.07 per share price. According to the SEC, on May 21, 2015, John Alexander Schadan (President – Canada Operations) purchased 500 shares at $25.85 per share price. On May 4, 2015, Russell H Werner (Corporate Controller & PAO) sold 5,572 shares at $28.47 per share price, according to the Form-4 filing with the securities and exchange commission.
Westmoreland Coal Company (Westmoreland) is an energy company. The Company operates in six segments: Coal – U.S. Coal – Canada Coal – WMLP Power Heritage and Corporate. Coal – U.S. segment includes the aggregated operations of coal mines located in Wyoming Montana North Dakota and Texas. Coal – Canada segment includes the aggregated operations of coal mines located in Alberta and Saskatchewan. Coal – WMLP segment includes the operations of the Company’s ownership in the general partner and majority interest in Westmoreland Resource Partners LP (WMLP) a publicly-traded coal master limited partnership. Power segment includes its ROVA operations located in North Carolina. Heritage segment costs primarily include 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 primarily consists of corporate administrative expenses.