Foresight Energy (FELP) Receiving Somewhat Favorable News Coverage, Study Finds

Press coverage about Foresight Energy (NYSE:FELP) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Foresight Energy earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 45.9095675618728 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

A number of research analysts have issued reports on FELP shares. ValuEngine downgraded Foresight Energy from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded Foresight Energy from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Finally, B. Riley restated a “neutral” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Foresight Energy in a research note on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $4.83.

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Shares of NYSE FELP traded down $0.02 during trading on Tuesday, reaching $3.49. 11,103 shares of the stock traded hands, compared to its average volume of 28,563. Foresight Energy has a 52-week low of $3.28 and a 52-week high of $5.93. The company has a quick ratio of 0.36, a current ratio of 0.49 and a debt-to-equity ratio of 1.78.

Foresight Energy (NYSE:FELP) last issued its quarterly earnings results on Wednesday, March 7th. The energy company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.13. Foresight Energy had a negative return on equity of 3.93% and a negative net margin of 18.78%. The firm had revenue of $284.61 million for the quarter, compared to analysts’ expectations of $264.75 million. equities analysts anticipate that Foresight Energy will post -0.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th were given a dividend of $0.056 per share. The ex-dividend date was Monday, March 19th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.42%.

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About Foresight Energy

Foresight Energy LP engages in the development, mining, production, marketing, transportation, and sale of thermal coal primarily in the eastern United States and internationally. As of March 7, 2018, the company operated two longwall mining complexes with three longwall mining systems in Williamson and Sugar Camp; one continuous mining operation in Macoupin; and the Sitran river terminal on the Ohio River.

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