Foresight Energy LP (NYSE:FELP) has been assigned a $3.00 price target by equities researchers at FBR & Co in a note issued to investors on Thursday. The firm currently has a a “hold” rating on the stock. FBR & Co’s target price would suggest a potential downside of 34.21% from the company’s current price.

Separately, Zacks Investment Research upgraded Foresight Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 12th. Two investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $4.57.

Analyst Recommendations for Foresight Energy (NYSE:FELP)

Foresight Energy (NYSE:FELP) traded down 5.4716% on Thursday, reaching $4.3294. 24,529 shares of the company’s stock were exchanged. The company’s market cap is $567.37 million. The stock’s 50 day moving average is $4.11 and its 200 day moving average is $2.47. Foresight Energy has a 52 week low of $1.07 and a 52 week high of $8.76.

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Foresight Energy (NYSE:FELP) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.21) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.15. Foresight Energy had a negative return on equity of 272.74% and a negative net margin of 8.59%. The company earned $226 million during the quarter, compared to the consensus estimate of $201.10 million. On average, equities analysts anticipate that Foresight Energy will post ($0.69) earnings per share for the current year.

A hedge fund recently raised its stake in Foresight Energy stock. Arrow Investment Advisors LLC raised its stake in shares of Foresight Energy LP (NYSE:FELP) by 187.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 585,560 shares of the company’s stock after buying an additional 382,000 shares during the period. Arrow Investment Advisors LLC owned about 0.45% of Foresight Energy worth $913,000 as of its most recent SEC filing. 15.39% of the stock is owned by institutional investors.

About Foresight Energy

Foresight Energy LP (FELP) is engaged in the mining and marketing of coal from reserves and operations located in the Illinois Basin. The Company controls over three billion tons of coal in the state of Illinois. Its reserves consist principally of three contiguous blocks of high heat content (high Btu) thermal coal, which are used for longwall operations.

5 Day Chart for NYSE:FELP

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