Wunderlich Securities Initiates Coverage on Walter Energy (WLT)

By admin | 6 years ago

Research analysts at Wunderlich Securities assumed coverage on shares of Walter Energy (NYSE: WLT) in a report released on Thursday. The firm set a “buy” rating on the stock.

Shares of Walter Energy opened at 48.45 on Thursday. Walter Energy has a one year low of $47.12 and a one year high of $132.38. The company has a market cap of $3.028 billion and a P/E ratio of 9.90.

Walter Energy last issued its quarterly earnings data on Wednesday, May 2nd. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.90 by $0.25. The company’s quarterly revenue was up 54.5% on a year-over-year basis. On average, analysts predict that Walter Energy will post $1.21 earnings per share next quarter.

A number of other firms have also recently commented on WLT. 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. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Walter Energy in a research note to investors on Friday, May 4th. They now have a $69.00 price target 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.

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