Foresight Energy (FELP) Lowered to “Hold” at ValuEngine

ValuEngine downgraded shares of Foresight Energy (NYSE:FELP) from a buy rating to a hold rating in a report published on Tuesday morning.

Separately, Zacks Investment Research upgraded Foresight Energy from a strong sell rating to a hold rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of Hold and a consensus target price of $4.75.

FELP stock opened at $3.75 on Tuesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.68 and a quick ratio of 0.53. Foresight Energy has a 1 year low of $3.28 and a 1 year high of $4.72.

Foresight Energy (NYSE:FELP) last released its quarterly earnings data on Friday, August 3rd. The energy company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). Foresight Energy had a negative net margin of 8.83% and a negative return on equity of 7.17%. The business had revenue of $271.42 million during the quarter, compared to analyst estimates of $250.80 million. equities analysts anticipate that Foresight Energy will post -0.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Tuesday, August 21st were issued a $0.0565 dividend. This represents a $0.23 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend was Monday, August 20th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FELP. SG Americas Securities LLC acquired a new position in Foresight Energy in the first quarter valued at approximately $930,000. Russell Investments Group Ltd. acquired a new position in Foresight Energy in the first quarter valued at approximately $1,386,000. United Capital Financial Advisers LLC acquired a new position in Foresight Energy in the first quarter valued at approximately $101,000. Finally, Accipiter Capital Management LLC lifted its holdings in Foresight Energy by 0.5% in the second quarter. Accipiter Capital Management LLC now owns 7,705,398 shares of the energy company’s stock valued at $31,592,000 after acquiring an additional 40,475 shares during the last quarter. Hedge funds and other institutional investors own 6.17% of the company’s stock.

Foresight Energy Company Profile

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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