Foresight Energy LP (NYSE:FELP) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $5.25.

A number of research analysts have recently weighed in on the stock. B. Riley restated a “neutral” rating on shares of Foresight Energy in a report on Wednesday, November 1st. FBR & Co set a $5.00 price target on shares of Foresight Energy and gave the company a “hold” rating in a report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Stifel Nicolaus cut their price target on shares of Foresight Energy from $6.50 to $5.50 and set a “hold” rating on the stock in a report on Wednesday, August 16th. Finally, ValuEngine downgraded shares of Foresight Energy from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd.

Shares of Foresight Energy (FELP) opened at $4.17 on Friday. Foresight Energy has a 12-month low of $3.53 and a 12-month high of $8.33. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.70 and a quick ratio of 0.41.

Foresight Energy (NYSE:FELP) last released its earnings results on Thursday, November 9th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). The company had revenue of $232.40 million during the quarter, compared to analysts’ expectations of $233.85 million. Foresight Energy had a negative return on equity of 9.94% and a negative net margin of 19.93%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. equities research analysts expect that Foresight Energy will post -1.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were issued a $0.0605 dividend. The ex-dividend date was Friday, November 17th. This represents a $0.24 annualized dividend and a yield of 5.80%. Foresight Energy’s dividend payout ratio (DPR) is presently -14.12%.

An institutional investor recently raised its position in Foresight Energy stock. BNP Paribas Arbitrage SA grew its stake in Foresight Energy LP (NYSE:FELP) by 5,739,700.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,398 shares of the energy company’s stock after purchasing an additional 57,397 shares during the period. BNP Paribas Arbitrage SA owned about 0.07% of Foresight Energy worth $243,000 as of its most recent SEC filing. 11.69% of the stock is currently owned by institutional investors.

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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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