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Westmoreland Coal Company (NYSE:WLB) major shareholder Jeffrey L. Et Al Gendell sold 43,000 shares of Westmoreland Coal Company stock on the open market in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $29.37, for a total value of $1,262,910.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

A number of analysts have recently weighed in on WLB shares. Analysts at Brean Capital raised their price target on shares of Westmoreland Coal Company from $35.00 to $38.00 in a research note on Tuesday, April 29th. They now have a “buy” rating on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Westmoreland Coal Company from $35.00 to $40.00 in a research note on Tuesday, April 29th. They now have an “outperform” rating on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Westmoreland Coal Company from $25.00 to $35.00 in a research note on Monday, March 31st. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $39.00.

Westmoreland Coal Company (NYSE:WLB) traded up 0.43% during mid-day trading on Wednesday, hitting $30.31. 153,592 shares of the company’s stock traded hands. Westmoreland Coal Company has a one year low of $10.77 and a one year high of $32.00. The stock’s 50-day moving average is $28.88 and its 200-day moving average is $22.63. The company’s market cap is $456.8 million.

Westmoreland Coal Company (NYSE:WLB) last posted its quarterly earnings results on Friday, April 25th. The company reported ($1.30) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.09) by $1.21. On average, analysts predict that Westmoreland Coal Company will post $-2.73 earnings per share for the current fiscal year.

Westmoreland Coal Company (NYSE:WLB) is an energy company.

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