Foresight Energy (FELP) Earning Somewhat Positive Press Coverage, Report Finds
News headlines about Foresight Energy (NYSE:FELP) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Foresight Energy earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the energy company an impact score of 46.8339827542933 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Foresight Energy LP Common Unit (NYSE:FELP) Stock Closed Lower Than Its 50 Day Average – Highlight Press (highlightpress.com)
- Foresight Energy LP Common Unit (NYSE:FELP) Experiences … – Modern Readers (modernreaders.com)
- Foresight Energy LP : Earnings Review and Free Research Report: Foresight Energy’s Net Loss Narrowed, Beating Estimates (4-traders.com)
- Foresight Energy LP Common Unit (NYSE:FELP) Traded -8.0 … – First News 24 (firstnewspaper24.com)
- Technical Investor Check on Foresight Energy LP (FELP) – Hayden Business Journal (haydenbusinessjournal.com)
FELP has been the subject of a number of analyst reports. BidaskClub cut Foresight Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Foresight Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. ValuEngine cut Foresight Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Stifel Nicolaus decreased their price objective on Foresight Energy from $6.50 to $5.50 and set a “hold” rating for the company in a research note on Wednesday, August 16th. Finally, FBR & Co decreased their price objective on Foresight Energy from $6.00 to $4.00 and set a “mkt perform” rating for the company in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $5.92.
Shares of Foresight Energy (NYSE:FELP) traded up 1.20% during midday trading on Thursday, hitting $4.20. The company had a trading volume of 20,498 shares. The firm’s market capitalization is $598.03 million. The company has a 50-day moving average of $4.35 and a 200 day moving average of $5.37. Foresight Energy has a 12 month low of $3.45 and a 12 month high of $8.33.
Foresight Energy (NYSE:FELP) last announced its quarterly earnings results on Friday, August 11th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. The company had revenue of $207.10 million during the quarter, compared to the consensus estimate of $228.40 million. Foresight Energy had a negative return on equity of 15.37% and a negative net margin of 21.13%. Foresight Energy’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.11) EPS. On average, analysts expect that Foresight Energy will post ($0.99) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 21st will be issued a dividend of $0.0647 per share. This represents a $0.26 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend is Thursday, August 17th. Foresight Energy’s dividend payout ratio (DPR) is -14.36%.
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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.
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