Foresight Energy LP (FELP) Upgraded to “Hold” at ValuEngine
Foresight Energy LP (NYSE:FELP) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
Several other brokerages have also recently issued reports on FELP. BidaskClub cut shares of Foresight Energy from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Stifel Nicolaus dropped their target price on shares of Foresight Energy from $6.50 to $5.50 and set a “hold” rating on the stock in a report on Wednesday, August 16th. Finally, FBR & Co set a $5.00 target price on shares of Foresight Energy and gave the stock a “hold” rating in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.92.
Foresight Energy (NYSE FELP) traded up 1.64% during midday trading on Monday, hitting $4.35. 61,169 shares of the company were exchanged. Foresight Energy has a 1-year low of $3.45 and a 1-year high of $8.33. The stock has a 50 day moving average of $4.23 and a 200-day moving average of $5.07. The stock’s market capitalization is $619.39 million.
Foresight Energy (NYSE:FELP) last posted its quarterly earnings results on Friday, August 11th. The energy company reported ($0.01) EPS for the quarter, beating 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 firm had revenue of $207.10 million for the quarter, compared to analysts’ expectations of $228.40 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts expect that Foresight Energy will post ($0.99) earnings per share for the current year.
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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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