Foresight Energy (NYSE:FELP) Rating Lowered to Sell at ValuEngine

Foresight Energy (NYSE:FELP) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday, December 21st.

Several other research firms have also commented on FELP. B. Riley reissued a “neutral” rating on shares of Foresight Energy in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Foresight Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. BidaskClub upgraded shares of Foresight Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $5.50 target price on shares of Foresight Energy in a research note on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Foresight Energy has an average rating of “Hold” and an average price target of $5.25.

Shares of Foresight Energy (NYSE FELP) opened at $4.31 on Thursday. Foresight Energy has a 52 week low of $3.53 and a 52 week high of $7.64. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.41 and a current ratio of 0.70. The company has a market cap of $614.60, a PE ratio of -2.54 and a beta of 0.81.

Foresight Energy (NYSE:FELP) last posted its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Foresight Energy had a negative return on equity of 9.94% and a negative net margin of 19.93%. The business had revenue of $232.40 million for the quarter, compared to the consensus estimate of $233.85 million. During the same period in the previous year, the firm earned $0.06 EPS. The company’s revenue was up .7% on a year-over-year basis. analysts expect that Foresight Energy will post -1.05 EPS for the current fiscal year.

An institutional investor recently raised its position in Foresight Energy stock. BNP Paribas Arbitrage SA lifted its position in Foresight Energy LP (NYSE:FELP) by 5,739,700.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,398 shares of the energy company’s stock after buying an additional 57,397 shares during the period. BNP Paribas Arbitrage SA owned about 0.07% of Foresight Energy worth $243,000 as of its most recent SEC filing. Institutional investors own 11.69% of the company’s stock.

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Foresight Energy Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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