Foresight Energy LP (FELP) Scheduled to Post Earnings on Thursday
Foresight Energy LP (NYSE:FELP) is set to post its quarterly earnings results before the market opens on Thursday, November 9th. Analysts expect Foresight Energy to post earnings of ($0.03) per share for the quarter.
Foresight Energy (NYSE:FELP) last issued its quarterly earnings data on Friday, August 11th. The energy company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. Foresight Energy had a negative net margin of 21.13% and a negative return on equity of 15.37%. The business had revenue of $207.10 million during the quarter, compared to analysts’ expectations of $228.40 million. During the same period last year, the company posted ($0.11) EPS. The company’s revenue was down 8.4% on a year-over-year basis. On average, analysts expect Foresight Energy to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Foresight Energy LP (FELP) opened at $4.33 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.81. Foresight Energy LP has a 12 month low of $3.53 and a 12 month high of $8.33.
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A number of brokerages have recently weighed in on FELP. FBR & Co set a $5.00 price objective on shares of Foresight Energy and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Stifel Nicolaus lowered their target price on shares of Foresight Energy from $6.50 to $5.50 and set a “hold” rating for the company in a research note on Wednesday, August 16th. Zacks Investment Research raised shares of Foresight Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. ValuEngine raised shares of Foresight Energy from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, BidaskClub cut shares of Foresight Energy from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.25.
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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