user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 461037 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Analyst Rating Flashback: Walter Energy Down 7.2% Since Downgraded 7 Days Ago (WLT)

Published on Mon, 03/18/2013 - 09:12
By Peter Chu

BMO Capital downgraded Walter Energy (NYSE:WLT) from Outperform to Market Perform a week ago. The stock closed at $29.37, which is 7.2% lower than the price one week ago ($31.66).

Walter Energy (NYSE:WLT) has potential upside of 38.8% based on a current price of $28.86 and analysts' consensus price target of $40.07. The stock should find initial resistance at its 50-day moving average (MA) of $35.49 and further resistance at its 200-day MA of $36.49.

Over the past year, Walter Energy has traded in a range of $28.01 to $69.41 and is now at $28.86, 3% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 1.3%.

Walter Energy, Inc. mines coal. The Company produces metallurgical and steam and industrial coal,, manufactures blast furnace, foundry, industrial and buckwheat coke, and produces light oil, coal tar, and ammonium sulfate. Walter Energy also degasifies coalbeds and sells the gas to a utility.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Recent 52-Week Low Surpassed in Shares o...

Walter Energy (NYSE:WLT) traded today at a new 52-week low of $2.68. Approximately 6.7 ...

Shares of WellPoint Have Risen Above Pre...

WellPoint (NYSE:WLP) traded at a new 52-week high today of $124.48. This new high was ...

Walter Investment Management Looks to Co...

Shares of Walter Investment Management (AMEX:WAC) traded today at $22.95, breaking its ...

Shares of Volcano Fall Below Previous 52...

Volcano (NASDAQ:VOLC) traded today at a new 52-week low of $11.09. This new low was re ...

Shares of Meridian Bioscience Fall to a ...

Meridian Bioscience (NASDAQ:VIVO) traded at a new 52-week low today of $17.90. So far ...

Vale: The Losing Streak Continues (VALE)...

Vale (NASDAQ:VALE) traded today at a new 52-week low of $11.35. So far today approxima ...

United Therapeutics: The Winning Streak ...

United Therapeutics (NASDAQ:UTHR) traded today at a new 52-week high of $132.78. So fa ...

Tupperware Brands: New 52-Week Low Set T...

Shares of Tupperware Brands (NYSE:TUP) traded today at $71.85, breaking its 52-week low ...