NEW YORK ( TheStreet) -- Walter Energy (NYSE: WLT) hit a new 52-week high Tuesday as it traded at $140.43 compared with its previous 52-Week high of $139.96. Walter Energy is changing hands at $139.90 with 301,048 shares traded as of 9:53 a.m. ET. Average volume has been 2.6 million shares over the past 30 days.

Walter Energy has a market cap of $7.3 billion and is part of the basic materials sector and metals & mining industry. Shares are up 8.3% year to date as of the close of trading on Monday.

Walter Energy, Inc. produces and exports metallurgical coal for the steel industry primarily in the United States. The company also produces steam coal, coal bed methane gas, metallurgical coke, and other related products. It principally serves electric utility and industrial customers. The company has a P/E ratio of 18.9, below the average metals & mining industry P/E ratio of 19 and above the S&P 500 P/E ratio of 16.8.
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TheStreet Ratings rates Walter Energy as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Walter Energy Ratings Report.

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