BidaskClub Upgrades Foresight Energy LP (FELP) to “Sell”
Foresight Energy LP (NYSE:FELP) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Foresight Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. FBR & Co set a $5.00 target price on shares of Foresight Energy and gave the company a “hold” rating in a research note on Tuesday, August 15th. ValuEngine downgraded shares of Foresight Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, Stifel Nicolaus cut their target price on shares of Foresight Energy from $6.50 to $5.50 and set a “hold” rating for the company in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.92.
Foresight Energy (FELP) traded up 0.94% during midday trading on Friday, reaching $4.28. 7,857 shares of the company traded hands. The firm’s market capitalization is $609.42 million. The company’s 50-day moving average price is $4.23 and its 200 day moving average price is $5.11. Foresight Energy has a 12 month low of $3.45 and a 12 month high of $8.33.
Foresight Energy (NYSE:FELP) last announced its earnings results on Friday, August 11th. The energy company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. Foresight Energy had a negative net margin of 21.13% and a negative return on equity of 15.37%. The firm had revenue of $207.10 million during the quarter, compared to the consensus estimate of $228.40 million. During the same quarter in the previous year, the company posted ($0.11) EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts anticipate that Foresight Energy will post ($0.99) earnings per share for the current year.
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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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