Somewhat Positive Press Coverage Somewhat Unlikely to Affect Foresight Energy (FELP) Stock Price
News articles about Foresight Energy (NYSE:FELP) have trended somewhat positive on Sunday, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Foresight Energy earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave news stories about the energy company an impact score of 47.6738509210615 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Foresight Energy LP (FELP) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS (americanbankingnews.com)
- Foresight Energy LP (FELP) Plans $0.06 Quarterly Dividend (americanbankingnews.com)
- Foresight Energy LP Reports Third Quarter 2017 Results – Business Wire (press release) (businesswire.com)
- Energy Sector Update for 11/10/2017: FELP,EMES,PGH,PGF.TO – Nasdaq (nasdaq.com)
A number of equities research analysts have recently issued reports on FELP shares. FBR & Co set a $5.00 price target on shares of Foresight Energy and gave the stock a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research raised shares of Foresight Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Stifel Nicolaus lowered their price target 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. ValuEngine downgraded shares of Foresight Energy from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, BidaskClub raised shares of Foresight Energy from a “strong sell” rating to a “sell” rating in a report on Friday, September 15th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Foresight Energy currently has an average rating of “Hold” and an average price target of $5.25.
Shares of Foresight Energy (FELP) traded up $0.03 on Friday, reaching $4.20. 7,900 shares of the company were exchanged, compared to its average volume of 36,354. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. Foresight Energy has a 1-year low of $3.53 and a 1-year high of $8.33.
Foresight Energy (NYSE:FELP) last announced its earnings results on Thursday, November 9th. The energy company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The company had revenue of $232.40 million during the quarter, compared to analysts’ expectations of $233.85 million. Foresight Energy had a negative net margin of 19.93% and a negative return on equity of 10.69%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. analysts anticipate that Foresight Energy will post -0.99 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be paid a $0.0605 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date is Friday, November 17th. Foresight Energy’s dividend payout ratio is currently -15.38%.
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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