Walter Energy (NYSE:WLT) Report Improved Results; Stock Hikes – WLT, JRCC, BTU, ACI

The Birmingham, Alabama-based Walter Energy, Inc (NYSE:WLT), a producer of metallurgical coal in the United States and Canada, reported on Thursday that its primary quarter performance had hiked from that of fiscal Q4 of 2012.

Walter Energy, which is locked in a proxy fight with an activist hedge fund, reported that it projects to announce metallurgical coal sales of 2.8 million metric tons for fiscal Q1, high 9% from fiscal Q4 of 2012, and more than the 2.4 million metric tons it announced for fiscal Q1 of 2012.

Coal miner reported that it also projects a slight improvement in realized metallurgical coal prices from the fiscal Q4, when they were 39% below a year ago.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. James River Coal Company (NASDAQ:JRCC) fell -3.65% to settle at $1.85, Peabody Energy Corporation (NYSE:BTU) moved down -0.14% to end at $20.83 while Arch Coal Inc (NYSE:ACI) jumped +0.72% to finish at $5.60 on Thursday.

Walter Energy, Inc. (NYSE:WLT) on April 11, 2013 increased +1.64% to the closing price of $24.12. The overall volume in the last trading session was 5.02 million shares. Its fifty two weeks range was $22.72 – $69.41. The total market capitalization remained at $1.51 billion.

WLT is ahead of its 52-week low with 6.16% and lagging behind from its 52-week high price with -64.89%. WLT’s last month’s stock price volatility remained 5.41%. In its share capital WLT has 62.55 million outstanding shares, among them 62.31 million shares have been floated in market exchange. WLT’s stock’s institutional ownership remained 98.90% while insider ownership included 0.42%.

The stock price of WLT is moving forward from its 20 days moving average with -1.75% and remote positively from 50 days moving average with -23.56%. WLT’s current year’s earnings per share experienced an addition with -383.98% while its current quarter performance remained at -37.63%. Company’s beta coefficient included 1.94. Beta factors measure the amount of market risk associated with market trade.

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