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Walter Energy (NYSE:WLT) was the target of some unusual options trading on Thursday. Investors purchased 107,795 call options on the company, Analyst Ratings Network reports. This represents an increase of approximately 670% compared to the typical volume of 14,008 call options.

A number of research firms have recently commented on WLT. Analysts at Brean Capital downgraded shares of Walter Energy to a “hold” rating in a research note on Friday, August 1st. Separately, analysts at Nomura reiterated a “neutral” rating on shares of Walter Energy in a research note on Friday, August 1st. They now have a $5.00 price target on the stock, down previously from $8.00. Finally, analysts at FBR Capital Markets cut their price target on shares of Walter Energy from $8.50 to $7.50 in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $9.96.

Walter Energy (NYSE:WLT) traded up 0.95% during mid-day trading on Thursday, hitting $5.32. The stock had a trading volume of 3,968,684 shares. Walter Energy has a 52 week low of $4.25 and a 52 week high of $19.50. The stock’s 50-day moving average is $5.93 and its 200-day moving average is $6.. The company’s market cap is $350.2 million.

Walter Energy (NYSE:WLT) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($1.97) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.69) by $0.28. The company had revenue of $378.40 million for the quarter, compared to the consensus estimate of $376.50 million. During the same quarter in the prior year, the company posted ($0.55) earnings per share. The company’s quarterly revenue was down 14.3% on a year-over-year basis. On average, analysts predict that Walter Energy will post $-6.62 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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