Why Walter Energy (WLT) Stock Is Lower On Thursday

NEW YORK (TheStreet) --Shares of Walter Energy Inc. (WLT) are lower -3.89% to $6.92 on Thursday after the producer and exporter of metallurgical coals for the steel industry released its first quarter 2014 financial results.

The company reported a net loss of -$92.2 million, or -$1.47 per diluted share for the 2014 first quarter, compared with a net loss of -$49.4 million, or -79 cents per diluted share from the year ago quarter.

Walter Energy's revenue totaled $413.9 million versus the $491.3 million from the 2013 first quarter.

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Adjusted EBITDA for the 2014 first quarter totaled $26.2 million, a decrease from the $32.0 million reported for the same period 2013.

TheStreet Ratings team rates WALTER ENERGY INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

"We rate WALTER ENERGY INC (WLT) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, poor profit margins, generally disappointing historical performance in the stock itself and generally high debt management risk."

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