Weekly Investment Analysts’ Ratings Changes for Walter Energy (WLT)
A number of stock research firms have changed their ratings and price targets for Walter Energy (NYSE: WLT) during the last seven days:
Walter Energy had its “neutral” rating re-affirmed by analysts at Zacks. They now have a $47.00 price target on the stock.
Walter Energy had its “buy” rating re-affirmed by analysts at Brean Murray.
Walter Energy ‘s EPS estimates were cut by analysts at UBS AG. They now have a “buy” rating and a $75.00 price target on the stock. They previously had a $77.00 price target on the stock.
Walter Energy had its “neutral” rating re-affirmed by analysts at Nomura.
Walter Energy had its price target lowered by analysts at Brean Murray to $63.00.
Walter Energy Corporate Information:
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. The Company operates in two segments: its United States Operations segment, and Canadian and United Kingdom Operations segment. On April 1, 2011, the Company completed the acquisition of Western Coal Corp. The acquisition included metallurgical coal mines in Northeast British Columbia (Canada), metallurgical coal and compliant thermal coal from mines in West Virginia (United States), and anthracite coal from mines located in South Wales (United Kingdom). On May 6, 2011, the Company acquired mineral rights for approximately 68 million metric tons of recoverable Blue Creek metallurgical coal reserves to the Northwest of its existing Alabama mines from a subsidiary of Chevron Corporation.
Shares of Walter Energy traded up 3.16% during mid-day trading on Tuesday, hitting $45.71. Walter Energy has a 52 week low of $42.20 and a 52 week high of $132.38. The company has a market cap of $2.857 billion and a P/E ratio of 9.05.
Walter Energy last announced its 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. On average, analysts predict that Walter Energy will post $1.27 earnings per share next quarter.