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Investment analysts at Cowen and Company initiated coverage on shares of Foresight Energy (NASDAQ:FELP) in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $24.00 price target on the stock. Cowen and Company’s price objective suggests a potential upside of 18.75% from the company’s current price.

Foresight Energy (NASDAQ:FELP) traded up 0.15% on Thursday, hitting $20.24. 100,548 shares of the company’s stock traded hands. Foresight Energy has a 52 week low of $18.50 and a 52 week high of $20.78. The stock has a 50-day moving average of $19.7 and a 200-day moving average of $19.7. The company has a market cap of $2.621 billion and a price-to-earnings ratio of 249.51.

Foresight Energy LP is an underground coal producer in the United States. The Company operates four underground mining complexes, all in the Illinois Basin region of the United States.

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