Brokerages Set Foresight Energy LP (FELP) Target Price at $5.25

Foresight Energy LP (NYSE:FELP) has been given an average recommendation of “Hold” by the six analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $5.25.

Several brokerages recently weighed in on FELP. Zacks Investment Research downgraded shares of Foresight Energy from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. ValuEngine upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $5.50 price target on shares of Foresight Energy in a report on Sunday, October 29th. Finally, B. Riley reiterated a “neutral” rating on shares of Foresight Energy in a report on Wednesday, November 1st.

Shares of Foresight Energy (NYSE FELP) traded down $0.13 during trading hours on Friday, reaching $3.78. 47,793 shares of the company traded hands, compared to its average volume of 26,606. Foresight Energy has a one year low of $3.53 and a one year high of $7.39. The company has a current ratio of 0.70, a quick ratio of 0.41 and a debt-to-equity ratio of 1.71. The firm has a market cap of $546.15, a P/E ratio of -2.22 and a beta of 0.74.

A hedge fund recently raised its stake in Foresight Energy stock. BNP Paribas Arbitrage SA lifted its position in shares of Foresight Energy LP (NYSE:FELP) by 5,739,700.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,398 shares of the energy company’s stock after purchasing an additional 57,397 shares during the quarter. BNP Paribas Arbitrage SA owned 0.07% of Foresight Energy worth $243,000 as of its most recent SEC filing. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

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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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