Whitehaven Coal (WHITF) Projected to Announce Quarterly Earnings on Wednesday

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

Whitehaven Coal Stock Up 1.9%

Shares of OTCMKTS:WHITF opened at $5.30 on Wednesday. The firm’s 50-day simple moving average is $5.45 and its 200-day simple moving average is $5.84. Whitehaven Coal has a fifty-two week low of $3.96 and a fifty-two week high of $6.85.

Analyst Upgrades and Downgrades

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