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Walter Energy (NYSE:WLT) was the recipient of unusually large options trading on Tuesday. Investors bought 29,733 call options on the stock, Analyst Ratings.Net reports. This is an increase of 146% compared to the typical daily volume of 12,080 call options.

WLT has been the subject of a number of recent research reports. Analysts at Cowen and Company downgraded shares of Walter Energy from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, January 9th. Separately, analysts at Tudor Pickering downgraded shares of Walter Energy from an “accumulate” rating to a “hold” rating in a research note to investors on Wednesday, December 4th. Finally, analysts at KeyCorp reiterated a “hold” rating on shares of Walter Energy in a research note to investors on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $26.38.

Shares of Walter Energy (NYSE:WLT) traded down 7.95% during mid-day trading on Tuesday, hitting $12.85. The stock had a trading volume of 9,885,180 shares. Walter Energy has a 52 week low of $9.88 and a 52 week high of $40.60. The stock has a 50-day moving average of $14.98 and a 200-day moving average of $14.22. The company’s market cap is $804.1 million.

Walter Energy (NYSE:WLT) last released its earnings data on Wednesday, October 30th. The company reported ($1.68) earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was down 25.5% on a year-over-year basis. On average, analysts predict that Walter Energy will post $-3.65 earnings per share for the current fiscal year.

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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