Westmoreland Coal Company (NASDAQ:WLB) has been downgraded to Strong Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 19, 2016
Zacks Investment Research has downgraded Westmoreland Coal Company (NASDAQ:WLB) to Strong Sell in a statement released on 10/18/2016.
On 10/13/2016, FBR & Co. released a statement on Westmoreland Coal Company (NASDAQ:WLB) upped the target price from $11.00 to $12.00 that suggested an upside of 0.37%.
Having a price of $9.34, Westmoreland Coal Company (NASDAQ:WLB) traded 0.76% higher on the day. With the last close up 9.84% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Westmoreland Coal Company has recorded a 50-day average of $8.77 and a two hundred day average of $8.50. Volume of trade was down over the average, with 81,066 shares of WLB changing hands under the typical 152,605
With a total market value of $0, Westmoreland Coal Company has with a one year low of $3.44 and a one year high of $12.97 .
More About Westmoreland Coal Company (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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