Foresight Energy (FELP) Cut to Hold at ValuEngine
Foresight Energy (NYSE:FELP) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
FELP has been the topic of a number of other research reports. Zacks Investment Research raised Foresight Energy from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a report on Friday, November 16th. B. Riley set a $5.00 price objective on Foresight Energy and gave the stock a “hold” rating in a research report on Wednesday, November 14th.
FELP opened at $3.50 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 2.07. Foresight Energy has a 12-month low of $3.28 and a 12-month high of $4.62.
Several hedge funds have recently made changes to their positions in the business. Accipiter Capital Management LLC lifted its position in shares of Foresight Energy by 0.5% in 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 during the period. BlueMountain Capital Management LLC bought a new stake in shares of Foresight Energy in the 3rd quarter worth approximately $2,034,000. Finally, Freestone Capital Holdings LLC bought a new stake in shares of Foresight Energy in the 3rd quarter worth approximately $154,000. Institutional investors own 6.56% of the company’s stock.
About Foresight Energy
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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