B. Riley Weighs in on Westmoreland Coal’s Q3 2018 Earnings (WLB)

Westmoreland Coal (NASDAQ:WLB) – Equities researchers at B. Riley reduced their Q3 2018 EPS estimates for Westmoreland Coal in a research report issued on Thursday. B. Riley analyst L. Pipes now forecasts that the coal producer will post earnings of $0.25 per share for the quarter, down from their prior forecast of $0.33. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for Westmoreland Coal’s FY2020 earnings at ($1.94) EPS.

Separately, Zacks Investment Research upgraded shares of Westmoreland Coal from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd. One equities 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 company has an average rating of “Hold” and a consensus target price of $6.00.

Shares of Westmoreland Coal (NASDAQ:WLB) traded up $0.04 during trading on Monday, hitting $1.36. 245,300 shares of the stock were exchanged, compared to its average volume of 438,656. Westmoreland Coal has a twelve month low of $0.95 and a twelve month high of $19.03. The company has a current ratio of 1.04, a quick ratio of 0.71 and a debt-to-equity ratio of -1.32. The firm has a market capitalization of $24.37, a price-to-earnings ratio of -0.19 and a beta of 0.66.

Westmoreland Coal (NASDAQ:WLB) last posted its quarterly earnings data on Tuesday, October 31st. The coal producer reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.64).

Several institutional investors have recently modified their holdings of WLB. Schwab Charles Investment Management Inc. increased its stake in shares of Westmoreland Coal by 53.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 56,152 shares of the coal producer’s stock worth $274,000 after acquiring an additional 19,500 shares during the period. Federated Investors Inc. PA increased its stake in shares of Westmoreland Coal by 52.5% during the second quarter. Federated Investors Inc. PA now owns 201,952 shares of the coal producer’s stock worth $984,000 after acquiring an additional 69,556 shares during the period. Alliancebernstein L.P. increased its stake in shares of Westmoreland Coal by 35.6% during the second quarter. Alliancebernstein L.P. now owns 27,400 shares of the coal producer’s stock worth $133,000 after acquiring an additional 7,200 shares during the period. Teachers Advisors LLC grew its position in Westmoreland Coal by 9.2% during the second quarter. Teachers Advisors LLC now owns 77,144 shares of the coal producer’s stock worth $376,000 after buying an additional 6,478 shares during the period. Finally, TIAA CREF Investment Management LLC grew its position in Westmoreland Coal by 29.4% during the second quarter. TIAA CREF Investment Management LLC now owns 129,719 shares of the coal producer’s stock worth $632,000 after buying an additional 29,462 shares during the period. Institutional investors and hedge funds own 65.90% of the company’s stock.

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About Westmoreland Coal

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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