Foresight Energy (FELP) Cut to Hold at ValuEngine
ValuEngine cut shares of Foresight Energy (NYSE:FELP) from a buy rating to a hold rating in a report issued on Tuesday morning.
Separately, Zacks Investment Research raised Foresight Energy from a strong sell rating to a hold rating in a research note on Friday, August 10th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Foresight Energy has a consensus rating of Hold and a consensus price target of $4.75.
Shares of Foresight Energy stock opened at $3.76 on Tuesday. Foresight Energy has a 52 week low of $3.28 and a 52 week high of $4.72. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 1.98.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Tuesday, August 21st were paid a $0.0565 dividend. This represents a $0.23 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend was Monday, August 20th.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Foresight Energy during the 1st quarter worth about $930,000. Russell Investments Group Ltd. acquired a new position in Foresight Energy during the 1st quarter worth about $1,386,000. United Capital Financial Advisers LLC acquired a new position in Foresight Energy during the 1st quarter worth about $101,000. Finally, Accipiter Capital Management LLC lifted its stake in Foresight Energy by 0.5% during the 2nd quarter. Accipiter Capital Management LLC now owns 7,705,398 shares of the energy company’s stock worth $31,592,000 after acquiring an additional 40,475 shares in the last quarter. 6.17% of the stock is currently owned by institutional investors and hedge funds.
Foresight Energy Company Profile
Foresight Energy LP engages in the development, mining, production, marketing, transportation, and sale of thermal coal primarily in the eastern United States and internationally. As of March 7, 2018, the company operated two longwall mining complexes with three longwall mining systems in Williamson and Sugar Camp; one continuous mining operation in Macoupin; and the Sitran river terminal on the Ohio River.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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