Somewhat Positive Media Coverage Somewhat Unlikely to Affect Westmoreland Coal (WLB) Share Price
Media coverage about Westmoreland Coal (NASDAQ:WLB) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Westmoreland Coal earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the coal producer an impact score of 45.5938600890084 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
WLB has been the topic of a number of recent research reports. Zacks Investment Research raised Westmoreland Coal from a “strong sell” rating to a “hold” rating in a report on Thursday, November 2nd. B. Riley reissued a “buy” rating on shares of Westmoreland Coal in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $6.00.
Westmoreland Coal (WLB) traded down $0.09 during midday trading on Tuesday, hitting $1.56. The stock had a trading volume of 1,177,400 shares, compared to its average volume of 507,000. The company has a debt-to-equity ratio of -1.32, a current ratio of 1.04 and a quick ratio of 0.71. Westmoreland Coal has a 1 year low of $0.95 and a 1 year high of $19.03. The company has a market capitalization of $29.43, a P/E ratio of -0.22 and a beta of 0.66.
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Westmoreland Coal Company is an energy company. The Company operates through six segments: Coal-U.S., Coal-Canada, Coal-(WMLP), Power, Heritage and Corporate. The Coal-U.S. segment includes the operations of coal mines located in Montana, North Dakota, Ohio, Texas and New Mexico. The Coal-Canada segment includes the operations of coal mines located in Alberta and Saskatchewan.
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