FBR & Co. disclosed Westmoreland Coal (NASDAQ:WLB), hiking its price target to $12.00 earlier today
- Updated: October 12, 2016
Reporting a potential upside of 0.37%, FBR & Co. upped the price target of Westmoreland Coal (NASDAQ:WLB) to $12.00
On 9/1/2015, BMO Capital Markets released a statement on Westmoreland Coal (NASDAQ:WLB) upped the target price from $0.00 to $20.00 that suggested an upside of 0.32%.
Having a price of $8.75, Westmoreland Coal (NASDAQ:WLB) traded -1.35% lower on the day. With the last close up 3.65% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $8.66 and a 200-day moving average of $8.44. 164,940 shares of the stock traded hands, up from an average trading volume of 155,483
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Westmoreland Coal has a 52 week low of $3.44 and a 52 week high of $14.50 The company’s market cap is currently $0.
General Information About Westmoreland Coal (NASDAQ:WLB)
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. Coal – Canada segment includes the operations of coal mines located in Alberta and Saskatchewan. Coal – WMLP segment includes the operations of Westmoreland Resource Partners, LP, a coal master limited partnership. Power segment includes its Roanoke Valley Power Facility (ROVA) operations located in North Carolina. Heritage segment includes the benefits the Company provides to former mining operation employees, as well as other administrative costs associated with providing those benefits and cost containment efforts. Corporate segment consists of corporate administrative expenses.
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