Foresight Energy LP Announces Dividend of $0.06 (FELP)
Foresight Energy LP (NYSE:FELP) announced a dividend on Friday, August 11th, Fidelity reports. Investors of record on Monday, August 21st will be paid a dividend of 0.0647 per share by the energy company on Thursday, August 31st. The ex-dividend date of this dividend is Thursday, August 17th.
Shares of Foresight Energy (FELP) traded up 15.49% during mid-day trading on Friday, hitting $4.40. 100,936 shares of the company traded hands. Foresight Energy has a 1-year low of $2.87 and a 1-year high of $8.33. The stock’s market capitalization is $619.02 million. The firm’s 50 day moving average price is $4.48 and its 200-day moving average price is $5.58.
Foresight Energy (NYSE:FELP) last announced its quarterly earnings results on Friday, August 11th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.09. The firm 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 34.99% and a negative net margin of 20.46%. Foresight Energy’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the business earned ($0.11) EPS. On average, equities research analysts forecast that Foresight Energy will post ($0.88) EPS for the current year.
A number of brokerages have issued reports on FELP. BidaskClub lowered shares of Foresight Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. FBR & Co cut their target price on shares of Foresight Energy from $6.00 to $4.00 and set a “mkt perform” rating on the stock in a research note on Monday, May 15th. Stifel Nicolaus reaffirmed a “hold” rating and set a $6.50 target price (down previously from $8.00) on shares of Foresight Energy in a research note on Tuesday, May 16th. Finally, Zacks Investment Research lowered shares of Foresight Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd.
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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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