Foresight Energy LP (FELP) Upgraded to “Sell” at BidaskClub

Foresight Energy LP (NYSE:FELP) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus decreased 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 upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. FBR & Co set a $5.00 target price on shares of Foresight Energy and gave the company a “hold” rating in a research note on Tuesday, August 15th. Finally, ValuEngine lowered shares of Foresight Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $5.92.

Shares of Foresight Energy (NYSE:FELP) opened at 4.29 on Friday. The company’s 50 day moving average price is $4.23 and its 200-day moving average price is $5.13. Foresight Energy has a 12 month low of $3.45 and a 12 month high of $8.33. The stock’s market capitalization is $610.85 million.

Foresight Energy (NYSE:FELP) last announced its quarterly earnings data on Friday, August 11th. The energy company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $207.10 million during the quarter, compared to analyst estimates of $228.40 million. During the same period in the previous year, the business earned ($0.11) EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. Equities analysts predict 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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