FBR & Co set a $12.00 price objective on Westmoreland Coal Co. (NASDAQ:WLB) in a report issued on Thursday morning. The firm currently has a an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Westmoreland Coal from a buy rating to a hold rating in a research report on Wednesday, July 13th. BMO Capital Markets reaffirmed a buy rating and set a $8.00 price objective on shares of Westmoreland Coal in a research report on Wednesday, August 3rd.

Westmoreland Coal (NASDAQ:WLB) traded down 0.44% during trading on Thursday, reaching $9.11. The company had a trading volume of 20,772 shares. The firm has a 50-day moving average price of $8.69 and a 200 day moving average price of $8.45. Westmoreland Coal has a 12-month low of $3.44 and a 12-month high of $14.50. The stock’s market cap is $169.16 million.

Westmoreland Coal (NASDAQ:WLB) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported ($1.37) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $1.11. The company had revenue of $356.20 million for the quarter, compared to analysts’ expectations of $352.90 million. Westmoreland Coal’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that Westmoreland Coal will post $1.66 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of WLB. American International Group Inc. boosted its stake in shares of Westmoreland Coal by 1.1% in the second quarter. American International Group Inc. now owns 10,602 shares of the company’s stock valued at $101,000 after buying an additional 114 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Westmoreland Coal by 4.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 18,103 shares of the company’s stock valued at $172,000 after buying an additional 806 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Westmoreland Coal by 1.1% in the first quarter. Geode Capital Management LLC now owns 113,649 shares of the company’s stock valued at $819,000 after buying an additional 1,291 shares in the last quarter. Monarch Partners Asset Management LLC boosted its stake in shares of Westmoreland Coal by 11.1% in the second quarter. Monarch Partners Asset Management LLC now owns 20,990 shares of the company’s stock valued at $200,000 after buying an additional 2,090 shares in the last quarter. Finally, Menta Capital LLC boosted its stake in shares of Westmoreland Coal by 16.0% in the second quarter. Menta Capital LLC now owns 42,474 shares of the company’s stock valued at $404,000 after buying an additional 5,874 shares in the last quarter. 66.74% of the stock is currently owned by hedge funds and other institutional investors.

Westmoreland Coal Company Profile

Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal – U.S., Coal – Canada, Coal – Westmoreland Resource Partners, LP (WMLP), Power, Heritage and Corporate. Coal – U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico.

5 Day Chart for NASDAQ:WLB

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