KeyCorp restated their hold rating on shares of Walter Energy (NYSE:WLT) in a research note issued to investors on Monday, Analyst Ratings Network.com reports.
WLT has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a neutral rating on shares of Walter Energy in a research note to investors on Wednesday, November 27th. They now have a $16.00 price target on the stock, down previously from $18.00. Separately, analysts at Citigroup Inc. downgraded shares of Walter Energy from a buy rating to a neutral rating in a research note to investors on Monday, November 18th. They now have a $19.00 price target on the stock, down previously from $20.00. Finally, analysts at RBC Capital cut their price target on shares of Walter Energy from $17.00 to $16.00 in a research note to investors on Thursday, October 31st. They now have a sector perform rating on the stock. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $26.38.
Shares of Walter Energy (NYSE:WLT) traded up 1.39% on Monday, hitting $14.63. 3,885,356 shares of the company’s stock traded hands. Walter Energy has a 52-week low of $9.88 and a 52-week high of $40.65. The stock’s 50-day moving average is $16.08 and its 200-day moving average is $14.18. The company’s market cap is $915.5 million.
Walter Energy (NYSE:WLT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported ($1.68) earnings per share for the quarter, missing the analysts’ consensus estimate of ($1.02) by $0.66. The company had revenue of $455.80 million for the quarter, compared to the consensus estimate of $454.80 million. During the same quarter last year, the company posted $0.48 earnings per share. Walter Energy’s revenue was down 25.5% compared to the same quarter last year. Analysts expect that Walter Energy will post $-3.58 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, November 6th.
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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