Westmoreland Coal Co. (WLB) to Release Earnings on Friday
Westmoreland Coal Co. (NASDAQ:WLB) is scheduled to be releasing its earnings data before the market opens on Friday, October 21st. Analysts expect Westmoreland Coal to post earnings of $0.42 per share for the quarter.
Westmoreland Coal (NASDAQ:WLB) last issued its earnings results on Tuesday, August 2nd. The company reported ($1.37) EPS for the quarter, missing the consensus estimate of ($0.26) by $1.11. The firm earned $356.20 million during the quarter, compared to the consensus estimate of $352.90 million. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect Westmoreland Coal to post $-1.53 EPS for the current fiscal year and $-1.6 EPS for the next fiscal year.
Westmoreland Coal Co. (NASDAQ:WLB) opened at 9.27 on Wednesday. The firm’s market cap is $172.13 million. The stock has a 50 day moving average price of $8.77 and a 200 day moving average price of $8.50. Westmoreland Coal Co. has a 12 month low of $3.44 and a 12 month high of $12.97.
Several institutional investors have recently bought and sold shares of the company. Bridgeway Capital Management Inc. boosted its position in Westmoreland Coal by 84.4% in the second quarter. Bridgeway Capital Management Inc. now owns 191,600 shares of the company’s stock valued at $1,824,000 after buying an additional 87,700 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Westmoreland Coal during the second quarter valued at $407,000. Zacks Investment Management acquired a new position in Westmoreland Coal during the second quarter valued at $247,000. BlackRock Fund Advisors boosted its position in Westmoreland Coal by 3.9% in the second quarter. BlackRock Fund Advisors now owns 475,106 shares of the company’s stock valued at $4,523,000 after buying an additional 17,930 shares in the last quarter. Finally, Gendell Jeffrey L boosted its position in Westmoreland Coal by 1.1% in the second quarter. Gendell Jeffrey L now owns 1,190,836 shares of the company’s stock valued at $11,337,000 after buying an additional 13,500 shares in the last quarter. 66.65% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the company. Zacks Investment Research cut 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 issued a $8.00 price target on shares of Westmoreland Coal in a research report on Wednesday, August 3rd. Finally, FBR & Co set a $12.00 price target on Westmoreland Coal and gave the stock an “outperform” rating in a research report on Thursday, October 13th.
About Westmoreland Coal
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.
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