RBC Capital Reiterates “Sector Perform” Rating for Walter Energy (WLT)
Walter Energy (NYSE:WLT)‘s stock had its “sector perform” rating reaffirmed by stock analysts at RBC Capital in a report issued on Tuesday, Analyst Ratings Network.com reports.
Walter Energy (NYSE:WLT) traded down 0.14% on Tuesday, hitting $14.01. 6,991,371 shares of the company’s stock traded hands. Walter Energy has a 52 week low of $9.88 and a 52 week high of $41.32. The stock’s 50-day moving average is $13.62 and its 200-day moving average is $16.14. The company’s market cap is $876.7 million.
Walter Energy (NYSE:WLT) last announced its earnings results on Thursday, August 1st. The company reported ($0.55) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.75) by $0.20. The company had revenue of $441.50 million for the quarter, compared to the consensus estimate of $472.88 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was down 34.8% on a year-over-year basis. Analysts expect that Walter Energy will post $-2.93 EPS for the current fiscal year.
WLT has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. upgraded shares of Walter Energy (NYSE:WLT) from a “sell” rating to a “neutral” rating in a research note to investors on Friday. They now have a $15.00 price target on the stock, up previously from $10.00. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Walter Energy (NYSE:WLT) in a research note to investors on Thursday, September 26th. Finally, analysts at Zacks reiterated a “hold” rating on shares of Walter Energy (NYSE:WLT) in a research note to investors on Monday, September 23rd. They now have a $11.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $27.73.
Walter Energy, Inc, is a producer and exporter of metallurgical coals for the global steel industry. The Company also produces thermal coal and industrial coal, anthracite, metallurgical coke, coal bed methane gas (NYSE:WLT) and other related products.
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