Wunderlich Starts Stock Coverage on Walter Energy (WLT)
Walter Energy traded down 1.42% on Thursday, hitting $47.76. Walter Energy has a 52-week low of $47.12 and a 52-week high of $132.38. The company has a market cap of $2.985 billion and a price-to-earnings ratio of 9.90.
Walter Energy last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by $0.25. The company’s revenue for the quarter was up 54.5% on a year-over-year basis. Analysts expect that Walter Energy will post $1.21 EPS next quarter.
WLT has been the subject of a number of other recent research reports. Analysts at Wunderlich Securities initiated coverage on shares of Walter Energy in a research note to investors on Thursday. They set a “buy” rating on the stock. Separately, analysts at Global Hunter Securities initiated coverage on shares of Walter Energy in a research note to investors on Thursday. They set a “buy” rating and a $79.00 price target on the stock. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of Walter Energy in a research note to investors on Monday, May 14th. They set an “outperform” rating on the stock.
Walter Energy, Inc. is a producer and exporter of metallurgical coal for the global steel industry and also produces steam coal, coal bed methane gas (natural gas), metallurgical coke and other related products.