Walter Energy Sees Unusually High Options Volume (WLT)
Walter Energy (NYSE:WLT) was the target of some unusual options trading on Wednesday. Stock traders acquired 10,429 put options on the company, Analyst Ratings Network reports. This represents an increase of approximately 107% compared to the average daily volume of 5,040 put options.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.38.
Shares of Walter Energy (NYSE:WLT) traded down 1.17% during mid-day trading on Wednesday, hitting $12.70. The stock had a trading volume of 9,068,543 shares. Walter Energy has a 1-year low of $9.88 and a 1-year high of $40.60. The stock’s 50-day moving average is $14.96 and its 200-day moving average is $14.29. The company’s market cap is $794.7 million.
Walter Energy (NYSE:WLT) last posted its quarterly 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 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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