Walter Energy, Inc. WLT saw a big move in the last trading session, as the company's shares fell by over 20% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as the stock is now trading within the volatile price range of $8.83 to $11.28 in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the company, a producer and exporter of metallurgical coal for the steel industry, has seen 12 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
WLT currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Investors interested in the Oils/ Energy industry may consider better-ranked stocks like Rhino Resource Partners LP RNO, Canadian Solar Inc. CSIQ and New Source Energy Partners L.P. NSLP. All these stocks hold a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
CANADIAN SOLAR CSIQ: Free Stock Analysis Report
NEW SOURCE EGY NSLP: Free Stock Analysis Report
RHINO RESOURCES RNO: Free Stock Analysis Report
WALTER ENERGY WLT: Free Stock Analysis Report
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Zacks Investment Research
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WLT currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Investors interested in the Oils/ Energy industry may consider better-ranked stocks like Rhino Resource Partners LP RNO, Canadian Solar Inc. CSIQ and New Source Energy Partners L.P. NSLP. All these stocks hold a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
CANADIAN SOLAR CSIQ: Free Stock Analysis Report
NEW SOURCE EGY NSLP: Free Stock Analysis Report
RHINO RESOURCES RNO: Free Stock Analysis Report
WALTER ENERGY WLT: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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