NEW YORK (TheStreet) -- Walter Energy (WLT) shares are up 1.82% to $2.79 on Thursday as coal stocks across the board are benefiting from Tuesday's election results that ushered historically coal friendly Republicans back into control of Congress.
Ben Levisohn at Barron's noted that Republicans are likely to ease EPA restrictions with a majority in both houses, while the new leadership could also lead to the approval of the much maligned and oft debated Keystone Pipeline.
Alpha Natural Resources (ANR) , Peabody Energy (BTU) and Arch Coal (ACI) are all gaining today, up 7%, 1.1% and 4.26% respectively in trading.
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 disappointing return on equity, poor profit margins, generally disappointing historical performance in the stock itself and generally high debt management risk."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: WLT Ratings Report
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