ValuEngine Upgrades Westmoreland Coal (WLB) to Sell

ValuEngine upgraded shares of Westmoreland Coal (NASDAQ:WLB) from a strong sell rating to a sell rating in a research note published on Tuesday morning.

Separately, Zacks Investment Research raised Westmoreland Coal from a sell rating to a hold rating in a research report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $6.00.

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WLB stock opened at $0.34 on Tuesday. The company has a debt-to-equity ratio of -1.32, a quick ratio of 0.71 and a current ratio of 1.04. Westmoreland Coal has a 1-year low of $0.20 and a 1-year high of $15.28. The firm has a market capitalization of $4.69, a price-to-earnings ratio of -0.09 and a beta of 1.00.

Westmoreland Coal (NASDAQ:WLB) last posted its quarterly earnings data on Monday, April 2nd. The coal producer reported $1.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.89. The business had revenue of $363.80 million during the quarter, compared to analysts’ expectations of $302.30 million. research analysts predict that Westmoreland Coal will post -0.89 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mangrove Partners lifted its position in shares of Westmoreland Coal by 19.1% during the 3rd quarter. Mangrove Partners now owns 992,251 shares of the coal producer’s stock valued at $2,530,000 after buying an additional 158,906 shares during the last quarter. Millennium Management LLC lifted its holdings in Westmoreland Coal by 168.2% during the 4th quarter. Millennium Management LLC now owns 478,863 shares of the coal producer’s stock worth $579,000 after purchasing an additional 300,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Westmoreland Coal by 21.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 334,645 shares of the coal producer’s stock worth $853,000 after purchasing an additional 59,478 shares in the last quarter. Western Standard LLC lifted its holdings in Westmoreland Coal by 996.0% during the 3rd quarter. Western Standard LLC now owns 276,185 shares of the coal producer’s stock worth $704,000 after purchasing an additional 250,985 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Westmoreland Coal by 15.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 211,862 shares of the coal producer’s stock worth $540,000 after purchasing an additional 28,300 shares in the last quarter. 51.04% of the stock is currently owned by hedge funds and other institutional investors.

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Westmoreland Coal Company Profile

Westmoreland Coal Company, through its subsidiaries, operates as an energy company. The company operates through Coal – U.S., Coal – Canada, Coal – WMLP, and Power segments. It produces and sells sub-bituminous coal and lignite to power plants. The company owns and operates coal mines in Montana, North Dakota, Ohio, and Texas, the United States; and Alberta and Saskatchewan, Canada.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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