Westmoreland Coal Co. (NASDAQ:WLB) has been assigned a $12.00 target price by research analysts at FBR & Co in a research report issued on Thursday. The firm presently has a an “outperform” rating on the stock. FBR & Co’s price objective indicates a potential upside of 35.59% from the company’s previous close.
Several other research firms have also recently weighed in on WLB. Zacks Investment Research cut shares of Westmoreland Coal from a “buy” rating to a “hold” rating in a report on Wednesday, July 13th. BMO Capital Markets reissued a “buy” rating and set a $8.00 price objective on shares of Westmoreland Coal in a report on Wednesday, August 3rd.
Shares of Westmoreland Coal (NASDAQ:WLB) opened at 8.85 on Thursday. Westmoreland Coal has a 52-week low of $3.44 and a 52-week high of $13.28. The stock’s market cap is $164.34 million. The stock’s 50 day moving average is $8.71 and its 200 day moving average is $8.46.
Westmoreland Coal (NASDAQ:WLB) last released its quarterly earnings data on Tuesday, August 2nd. The company reported ($1.37) earnings per share for the quarter, missing the consensus estimate of ($0.26) by $1.11. The firm 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 forecast that Westmoreland Coal will post $1.66 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. Chou Associates Management Inc. acquired a new stake in shares of Westmoreland Coal during the first quarter worth approximately $147,161,000. Gendell Jeffrey L raised 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 worth $11,337,000 after buying an additional 13,500 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Westmoreland Coal by 1.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 559,771 shares of the company’s stock worth $5,329,000 after buying an additional 6,521 shares during the last quarter. BlackRock Fund Advisors raised 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 worth $4,523,000 after buying an additional 17,930 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in Westmoreland Coal during the second quarter worth $3,040,000. 66.65% of the stock is owned by institutional investors and hedge funds.
Westmoreland Coal Company Profile