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WLT $0.16

WLT target price
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Walter Energy, Inc.
Type
Public
Traded as NYSE: WLT
OTC Pink: WLTGQ
Industry Coal Mining
Energy
Headquarters Galleria Tower
Birmingham, Alabama, United States
Key people
Walt Scheller, Chief Executive Officer
Products Coal
Coke (fuel)
Natural Gas
Anthracite
Revenue Increase$2.7 billion USD (2011)
Number of employees
4,400 (2011, including contractors)
Website www.walterenergy.com

Walter Energy, Inc., with its corporate and U.S. headquarters in Birmingham, Alabama, and its Canadian & UK headquarters in Vancouver, British Columbia, was the world's leading, publicly traded "pure play" metallurgical coal producer for the global steel industry. The Company also produces natural gas, steam coal and industrial coal, anthracite, metallurgical coke, and coal bed methane gas. The company Filed for bankruptcy in 2015. Its assets were purchased by Warrior Met Coal

The company's U.S. underground mines produced high-quality coal from Alabama's Blue Creek seam. Jim Walter Resources, the Company's U.S. underground coal mining unit, has grown from a small producer of less than 1 million tons of coal per year, produced solely for use in its sister company's coke ovens, into one of the 25 largest coal metallurgical coal producers in the United States, with 2010 metallurgical coal sales of approximately 6.0 million metric tons and plans to expand sales to 8.5 million metric tons of metallurgical coal by 2013. Its metallurgical coal mines, No. 4 and No. 7, are two of the deepest vertical shaft coal mines in North America at nearly 2,000 feet deep. The mines also produce a significant quantity of coal bed methane gas. Jim Walter Resources also operates the North River steam coal mine.

The U.S. Division operates the Maple Coal and Gauley Eagle mines in West Virginia, and mines in South Wales in Britain. These mines were formerly owned by Western Coal Corp.

Walter Minerals, an Alabama-based surface coal producer with a capacity of nearly 1.5 million tons, which produces coal for the Alabama steam and industrial coal markets, also is included in the Company's U.S. operations.

Walter Coke, the company's fuel coke producer, manufactures coke for use in blast furnaces and foundries. The Birmingham, Alabama company was formerly known as Sloss Industries.

Walter Energy's Canadian and European operations consist of three mines in British Columbia, Canada and a project in Wales at Aberpergwm, UK.

The company was formerly known as Walter Industries, Inc. and changed its name to Walter Energy in April 2009. The predecessor company was founded by Tampa entrepreneur the late James W. Walter, Sr. in 1946 as a builder of affordable, stick-built homes across the southeast. It spun off Mueller Water Products in 2006, closed Jim Walter Homes in 2009, also spinning off Walter Investment Management Corporation in 2009.

At approximately 5:15 p.m. on September 23, 2001, at the Jim Walter Resources No. 5 coal mine in Brookwood, 40 miles southwest of Birmingham, a cave-in caused a release of methane gas that sparked two major explosions, killing thirteen miners.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2015-02-18 Set Price Target Brean Capital Hold $1.00
2014-10-31 Downgrade BB&T Corp. Hold to Underweight
2014-10-31 Lower Price Target Cowen and Company Market Perform $5.50 to $3.50
2014-10-17 Reiterated Rating FBR & Co. Market Perform $7.50 to $4.00
2014-10-17 Reiterated Rating FBR & Co Market Perform $7.50 to $4.00
2014-10-15 Reiterated Rating Bank of America Underperform $2.00 to $1.00
2014-10-15 Reiterated Rating Bank of America Corp. Underperform $2.00 to $1.00
2014-10-07 Downgrade Morgan Stanley Overweight to Equal Weight $16.00 to $4.00
2014-09-11 Reiterated Rating Citigroup Inc. Neutral $6.00 to $5.30
2014-08-01 Downgrade Brean Capital Hold
2014-08-01 Reiterated Rating Nomura Neutral $8.00 to $5.00
2014-08-01 Reiterated Rating Nomura Holdings Inc. Neutral $8.00 to $5.00
2014-07-16 Lower Price Target FBR & Co. $8.50 to $7.50
2014-07-14 Reiterated Rating Citigroup Inc. Neutral $8.00 to $6.20
2014-06-04 Reiterated Rating Macquarie Underperform $5.00 to $4.00
2014-05-02 Reiterated Rating Nomura Neutral $8.00
2014-04-28 Downgrade Clarkson Capital Outperform to Market Perform $15.00 to $9.00
2014-04-21 Downgrade Goldman Sachs Neutral to Sell $9.00 to $5.00
2014-04-09 Lower Price Target Citigroup Inc. Neutral to Sell $8.00 to $5.00
2014-03-24 Lower Price Target Goldman Sachs $10.00 to $9.00
2014-03-21 Reiterated Rating Morgan Stanley Overweight $33.00 to $27.00
2014-01-24 Downgrade Wells Fargo & Co. Outperform to Market Perform
2014-01-24 Downgrade Wells Fargo Outperform to Market Perform
2014-01-09 Downgrade Cowen and Company Outperform to Market Perform
2013-12-04 Downgrade Tudor Pickering Accumulate to Hold
2013-12-02 Reiterated Rating KeyBanc Hold
2013-11-27 Reiterated Rating Goldman Sachs Neutral $18.00 to $16.00
2013-11-18 Downgrade Citigroup Inc. Buy to Neutral $20.00 to $19.00
2013-10-31 Lower Price Target RBC Capital Sector Perform $17.00 to $16.00
2013-10-31 Boost Price Target FBR & Co. Market Perform $14.00 to $15.00
2013-10-17 Reiterated Rating Citigroup Inc. Buy $16.00 to $20.00
2013-10-11 Boost Price Target RBC Capital Sector Perform $16.00 to $17.00
2013-10-01 Reiterated Rating RBC Capital Sector Perform
2013-09-27 Upgrade Goldman Sachs Sell to Neutral $10.00 to $15.00
2013-09-26 Reiterated Rating Morgan Stanley Overweight
2013-09-23 Lower Price Target RBC Capital Sector Perform $18.00 to $16.00
2012-06-29 Reiterated UBS Buy $77 to $75
2012-01-17 Reiterated UBS Buy $120 to $110
2012-01-17 Reiterated FBR Capital Mkt Perform $90 to $82
2011-10-11 Initiated Stifel Nicolaus Hold
2011-09-22 Reiterated Deutsche Bank Buy $130 to $105
2015-02-18 Set Price Target Brean Capital Hold $1.00
2014-10-31 Downgrade BB&T Corp. Hold to Underweight
2014-10-31 Lower Price Target Cowen and Company Market Perform $5.50 to $3.50
2014-10-17 Reiterated Rating FBR & Co. Market Perform $7.50 to $4.00
2014-10-17 Reiterated Rating FBR & Co Market Perform $7.50 to $4.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In WLT 0 funds of 2213 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
Donnelly Richard Allen Pres - Jim Walter Resources 0.17%  (112824) WLT /
Madden Michael T SVP & Chief Comm Officer 0.13%  (88218) WLT /
BEATTY DAVID R 0.07%  (44569) WLT /
Stewart Charles C SVP, Project Development 0.06%  (37378) WLT /
TOKARZ MICHAEL T 0.05%  (31497) CNO / EQS / IEX / MVC / MWA / WAC / WLT /
SCHELLER WALTER J Chief Executive Officer 0.04%  (29454) WLT /
Cartwright Daniel Paul Pres. - Canadian Operations 0.04%  (27595) WLT /
KERLEY ROBERT P VP, Corporate Controller & CAO 0.02%  (15695) WLT /
HARVEY WILLIAM G Sr. VP-Chief Financial Officer 0.02%  (14205) KEX / WLT /
LYNCH THOMAS J SVP - Human Resources 0.02%  (11868) WLT /
Lynch Thomas J SVP, Human Resources 0.02%  (11724) WLT /
MASCALL GRAHAM 0.01%  (9047) WLT /
Doppelt Earl H Sr VP-General Counsel & Sec\'y 0.01%  (6896) III / WLT /
HENDERSON MARY R 0.01%  (4508) CNO / WLT /
Wagner A J 0.01%  (4447) WLT /
KOLB JERRY W 0.01%  (4447) MWA / WLT /
KRIEGSHAUSER PATRICK A 0.01%  (4447) ACI / WLT /
LEONARD JOSEPH B 0.01%  (4447) MWA / WLT /
RETHORE BERNARD G 0.01%  (4447) DOV / MWA / WLT /