Foresight Energy LP (FELP) to Post FY2017 Earnings of ($0.97) Per Share, B. Riley Forecasts
Foresight Energy LP (NYSE:FELP) – Stock analysts at B. Riley increased their FY2017 earnings per share estimates for Foresight Energy in a research report issued on Thursday. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of ($0.97) for the year, up from their previous forecast of ($0.98). B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Foresight Energy’s FY2018 earnings at ($0.29) EPS and FY2019 earnings at ($0.53) EPS.
Foresight Energy (NYSE:FELP) last announced its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). Foresight Energy had a negative net margin of 19.93% and a negative return on equity of 9.94%. The firm had revenue of $232.40 million during the quarter, compared to analyst estimates of $233.85 million. During the same period last year, the business posted $0.06 EPS. The company’s revenue was up .7% on a year-over-year basis.
A number of other equities research analysts have also recently commented on FELP. ValuEngine raised Foresight Energy from a “sell” rating to a “hold” rating in a research note on Monday. FBR & Co set a $5.00 price objective on Foresight Energy and gave the company a “hold” rating in a research note on Tuesday, August 15th. Zacks Investment Research raised Foresight Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Stifel Nicolaus cut their target price on Foresight Energy from $6.50 to $5.50 and set a “hold” rating on the stock in a research report on Wednesday, August 16th. Finally, BidaskClub raised Foresight Energy from a “strong sell” rating to a “sell” rating in a research report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Foresight Energy presently has an average rating of “Hold” and a consensus target price of $5.25.
Shares of Foresight Energy (FELP) opened at $4.37 on Monday. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.70 and a quick ratio of 0.41. Foresight Energy has a one year low of $3.53 and a one year high of $8.33.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a dividend of $0.0605 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.24 annualized dividend and a dividend yield of 5.54%. Foresight Energy’s payout ratio is -14.12%.
An institutional investor recently raised its position in Foresight Energy stock. BNP Paribas Arbitrage SA lifted its stake in shares of Foresight Energy LP (NYSE:FELP) by 5,739,700.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,398 shares of the energy company’s stock after buying an additional 57,397 shares during the period. BNP Paribas Arbitrage SA owned about 0.07% of Foresight Energy worth $243,000 at the end of the most recent quarter. Institutional investors own 11.69% of the company’s stock.
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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