Revenue Update on Westmoreland Coal Company(NASDAQ:WLB)

Westmoreland Coal Company(NASDAQ:WLB) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 28, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $392.737M. Analysts estimated a revenue of $375.060M. The revenues were 4.71% above the estimates. Earnings per share were $-0.41. The reported EPS was below estimates by -147.13%. Analysts had estimated an EPS of $0.87.

Westmoreland Coal Company (WLB) shares turned negative on Fridays trading session with the shares closing down -0.58 points or -3.96% at a volume of 2,00,018. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.69. The peak price level was also seen at $14.69 while the days lowest was $13.98. Finally the shares closed at $14.07. The 52-week high of the shares is $19.92 while the 52-week low is $6.145. According to the latest information available, the market cap of the company is $261 M.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2016, Jennifer S Grafton (CAO, CLO & Secretary) sold 8,065 shares at $18.37 per share price.Also, On May 26, 2015, Michael G Hutchinson (director) sold 3,500 shares at $26.07 per share price.On May 21, 2015, John Alexander Schadan (President – Canada Operations) purchased 500 shares at $25.85 per share price, according to the Form-4 filing with the securities and exchange commission.

Westmoreland Coal Company (Westmoreland) is an energy company. The Company operates in six segments: Coal – U.S. Coal – Canada Coal – WMLP Power Heritage and Corporate. Coal – U.S. segment includes the aggregated operations of coal mines located in Wyoming Montana North Dakota and Texas. Coal – Canada segment includes the aggregated operations of coal mines located in Alberta and Saskatchewan. Coal – WMLP segment includes the operations of the Company’s ownership in the general partner and majority interest in Westmoreland Resource Partners LP (WMLP) a publicly-traded coal master limited partnership. Power segment includes its ROVA operations located in North Carolina. Heritage segment costs primarily include 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 primarily consists of corporate administrative expenses.

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