Walter Energy Price Target Cut to $16.00 by Analysts at RBC Capital (WLT)
Investment analysts at RBC Capital reduced their price target on shares of Walter Energy (NYSE:WLT) from $17.00 to $16.00 in a note issued to investors on Thursday, AnalystRatings.Net reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price objective points to a potential upside of 0.69% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets raised their price target on shares of Walter Energy from $14.00 to $15.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Walter Energy in a research note to investors on Thursday. They now have a $17.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Walter Energy in a research note to investors on Wednesday, October 23rd. They now have a $16.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. Walter Energy currently has an average rating of “Hold” and an average target price of $26.65.
Shares of Walter Energy (NYSE:WLT) traded down 0.19% during mid-day trading on Thursday, hitting $15.89. 7,639,281 shares of the company’s stock traded hands. Walter Energy has a 1-year low of $9.88 and a 1-year high of $41.32. The stock’s 50-day moving average is $14.72 and its 200-day moving average is $14.50. The company’s market cap is $994.3 million.
Walter Energy (NYSE:WLT) last announced its earnings results on Wednesday, October 30th. The company reported ($1.68) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.02) by $0.66. The company had revenue of $455.80 million for the quarter, compared to the consensus estimate of $454.80 million. During the same quarter last year, the company posted $0.48 earnings per share. Walter Energy’s revenue was down 25.5% compared to the same quarter last year. Analysts expect that Walter Energy will post $-2.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 6th. Investors of record on Friday, November 8th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Wednesday, November 6th.
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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