Foresight Energy (NYSE:FELP) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Monday.
Several other equities analysts have also recently issued reports on FELP. B. Riley reaffirmed a “neutral” rating on shares of Foresight Energy in a report on Wednesday, November 1st. FBR & Co set a $5.00 price target on Foresight Energy and gave the stock a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research raised Foresight Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Stifel Nicolaus cut their price target on Foresight Energy from $6.50 to $5.50 and set a “hold” rating for the company in a report on Wednesday, August 16th. Finally, BidaskClub raised Foresight Energy from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.25.
Shares of Foresight Energy (NYSE:FELP) traded up $0.12 during mid-day trading on Monday, reaching $4.29. The company had a trading volume of 46,884 shares, compared to its average volume of 41,694. Foresight Energy has a 52-week low of $3.53 and a 52-week high of $8.33. The company has a quick ratio of 0.41, a current ratio of 0.70 and a debt-to-equity ratio of 1.71.
Foresight Energy (NYSE:FELP) last issued its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The firm had revenue of $232.40 million for the quarter, compared to analyst estimates of $233.85 million. Foresight Energy had a negative return on equity of 9.94% and a negative net margin of 19.93%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. research analysts predict that Foresight Energy will post -1.05 earnings per share for the current year.
A hedge fund recently raised its stake in Foresight Energy stock. BNP Paribas Arbitrage SA raised its stake in Foresight Energy LP (NYSE:FELP) by 5,739,700.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,398 shares of the energy company’s stock after acquiring an additional 57,397 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.07% of Foresight Energy worth $243,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 11.69% of the company’s stock.
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About Foresight Energy
Foresight Energy LP is engaged in the mining and marketing of coal from reserves and operations located in the Illinois Basin. As of December 31, 2016, the Company controlled 2.1 billion tons of coal in the state of Illinois. Its reserves consist principally of three contiguous blocks of uniform, thick, high heat content (high Btu) thermal coal, which are used for longwall operations.
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