Westmoreland Coal Co. (WLB) was a big mover last session, as the company saw its shares rise over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $34.73 to $38.15 in the past one-month time frame.
The company has seen one negative estimate revision in the past 30 days, while the Zacks Consensus Estimate has moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher can last.
Westmoreland Coal currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the basic materials sector include Alliance Resource Partners LP (ARLP), Hi-Crush Partners LP (HCLP) and U.S. Silica Holdings, Inc. (SLCA). While Alliance Resource Partners and Hi-Crush Partners sport a Zacks Rank #1 (Strong Buy), U.S. Silica Holdings carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment