Declining oil prices continue to weigh heavily on energy stocks, while coal prices have also been slumping in recent months.
Energy stocks received a brief boost last week in the wake of Election Day when Republicans won control of both the House of Representative and the Senate. Investors and analysts had expected a Republican victory to invigorate the energy stocks.
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The party will control both houses of Congress for the first time since 2006 when the new Congress takes office in January.
Separately, 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 several 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."