Whitehaven Coal (WHITF) to Release Quarterly Earnings on Wednesday

Whitehaven Coal (OTCMKTS:WHITF) is expected to announce its results before the market opens on Wednesday, August 19th. Analysts expect the company to post earnings of $0.2217 per share and revenue of $2.0149 billion for the quarter.

Whitehaven Coal Stock Up 1.9%

OTCMKTS WHITF opened at $5.30 on Wednesday. The business has a 50 day moving average price of $5.45 and a 200 day moving average price of $5.84. Whitehaven Coal has a 1-year low of $3.96 and a 1-year high of $6.85.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of Whitehaven Coal from a “sell” rating to a “hold” rating and set a $8.10 price objective on the stock in a research report on Wednesday, July 8th. Zacks Research downgraded shares of Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, UBS Group cut shares of Whitehaven Coal from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $8.10.

Whitehaven Coal Company Profile

Whitehaven Coal (OTCMKTS:WHITF) is an Australian coal producer primarily engaged in the exploration, development, production and sale of coal in New South Wales. The company’s operating assets are located in the resource-rich Gunnedah Basin and the Hunter Valley region, where it develops both open-cut and underground mining projects. Whitehaven focuses on delivering high-quality coal products to industrial and power generation markets.

The company’s main operating mines include Maules Creek, Narrabri and its flagship Whitehaven Mine, each equipped with modern mining and processing facilities.