Walter Energy, Inc. (NYSE:WLT) : By the end of last trading session, the shares of Walter Energy (NYSE:WLT) slumped US$2.56 (or 17.43%) to US$12.13 with 21.37 million shares exchanged hands, compared to daily average volume of 7.22 million.
Walter Energy (NYSE: WLT) last released its earnings data on Wednesday, May 1st. The company reported ($0.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.87) by $0.23.
Walter Energy Inc. (WLT) confirmed it won't proceed with refinancing a portion of its existing debt. The coal producer's shares were halted ahead of the news and had fallen 17% to $12.15 prior to the trading halt.
Walter Energy, Inc. (NYSE:WLT) a company that produces and exports metallurgical coal for the steel industry closed up in its previous session (+4.70%) on 8,339,981 shares traded.
Walter Energy, Inc. (NYSE:WLT) was in 26 hedge funds' portfolio at the end of the first quarter of 2013. WLT investors should pay attention to a decrease in activity from the world's largest hedge funds lately.
Standard & Poor's Ratings Services downgraded its rating on Walter Energy Inc. (WLT) one notch lower into junk territory, saying the coal producer's operating results will be challenged in the near term as it faces weak prices for metallurgical coal.
Coal producer Walter Energy, Inc. (NYSE:WLT)'s shared surged in afterhours trading after it confirmed it will not proceed with refinancing a portion of its existing debt.
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