Foresight Energy (FELP) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Foresight Energy (NYSE:FELP) from a sell rating to a hold rating in a report released on Monday.

FELP has been the topic of a number of other research reports. B. Riley reaffirmed a neutral rating on shares of Foresight Energy in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of Foresight Energy from a sell rating to a hold rating in a research report on Tuesday, August 15th. BidaskClub raised shares of Foresight Energy from a strong sell rating to a sell rating in a research report on Friday, September 15th. FBR & Co set a $5.00 price target on shares of Foresight Energy and gave the company a hold rating in a research report on Tuesday, August 15th. Finally, Stifel Nicolaus cut their price target on shares of Foresight Energy from $6.50 to $5.50 and set a hold rating on the stock in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Foresight Energy presently has an average rating of Hold and a consensus price target of $5.25.

Foresight Energy (NYSE FELP) traded up $0.12 during midday trading on Monday, reaching $4.29. The company had a trading volume of 46,800 shares, compared to its average volume of 41,694. Foresight Energy has a 1-year low of $3.53 and a 1-year high of $8.33. 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 (NYSE:FELP) last posted its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). The company had revenue of $232.40 million during the quarter, compared to analyst estimates of $233.85 million. Foresight Energy had a negative net margin of 19.93% and a negative return on equity of 9.94%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. sell-side analysts anticipate that Foresight Energy will post -1.05 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Shareholders 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 dividend on an annualized basis and a yield of 5.64%. Foresight Energy’s dividend payout ratio (DPR) is currently -14.12%.

A hedge fund recently raised its stake in Foresight Energy stock. BNP Paribas Arbitrage SA boosted its holdings in Foresight Energy LP (NYSE:FELP) by 5,739,700.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,398 shares of the energy company’s stock after acquiring an additional 57,397 shares during the quarter. BNP Paribas Arbitrage SA owned 0.07% of Foresight Energy worth $243,000 at the end of the most recent quarter. 11.69% of the stock is currently owned by hedge funds and other institutional investors.

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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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