Wunderlich Starts Stock Coverage on Walter Energy (WLT)

By admin | 6 years ago

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

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.

About the author