Westmoreland Coal (NASDAQ:WLB) – Investment analysts at B. Riley reduced their Q3 2018 earnings estimates for Westmoreland Coal in a research report issued to clients and investors on Thursday. B. Riley analyst L. Pipes now expects that the coal producer will earn $0.25 per share for the quarter, down from their prior estimate of $0.33. B. Riley currently 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 Westmoreland Coal from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 2nd. One 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. The company currently has a consensus rating of “Hold” and a consensus price target of $6.00.

Shares of Westmoreland Coal (NASDAQ WLB) opened at $1.36 on Monday. The stock has a market capitalization of $25.49, a price-to-earnings ratio of -0.22 and a beta of 0.66. Westmoreland Coal has a 1-year low of $0.95 and a 1-year 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.

Westmoreland Coal (NASDAQ:WLB) last released its earnings results on Tuesday, October 31st. The coal producer reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.39) by ($0.64).

Several hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC lifted its position in shares of Westmoreland Coal by 9.2% during the 2nd 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 last quarter. Alliancebernstein L.P. lifted its position in shares of Westmoreland Coal by 35.6% during the 2nd quarter. Alliancebernstein L.P. now owns 27,400 shares of the coal producer’s stock worth $133,000 after buying an additional 7,200 shares during the last quarter. Northern Trust Corp lifted its position in shares of Westmoreland Coal by 4.6% during the 2nd quarter. Northern Trust Corp now owns 211,804 shares of the coal producer’s stock worth $1,032,000 after buying an additional 9,401 shares during the last quarter. Mangrove Partners lifted its position in shares of Westmoreland Coal by 1.4% during the 2nd quarter. Mangrove Partners now owns 833,345 shares of the coal producer’s stock worth $4,058,000 after buying an additional 11,298 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Westmoreland Coal by 53.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 56,152 shares of the coal producer’s stock worth $274,000 after buying an additional 19,500 shares during the last quarter. Institutional investors and hedge funds own 65.90% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Q3 2018 EPS Estimates for Westmoreland Coal (WLB) Reduced by Analyst” was first reported by American Banking News and is owned by of American Banking News. If you are reading this story on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this story can be read at https://www.americanbankingnews.com/2018/01/15/q3-2018-eps-estimates-for-westmoreland-coal-wlb-reduced-by-analyst.html.

Westmoreland Coal Company Profile

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.

Receive News & Ratings for Westmoreland Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westmoreland Coal and related companies with MarketBeat.com's FREE daily email newsletter.