Equities Analysts Set Expectations for Foresight Energy LP’s FY2017 Earnings (FELP)

Foresight Energy LP (NYSE:FELP) – Equities researchers at B. Riley raised their FY2017 earnings estimates for shares of Foresight Energy in a note issued to investors on Thursday. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of ($0.97) per share for the year, up from their prior estimate of ($0.98). B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for Foresight Energy’s FY2018 earnings at ($0.29) EPS and FY2019 earnings at ($0.53) EPS.

Foresight Energy (NYSE:FELP) last issued 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 for the quarter, compared to analyst estimates of $233.85 million. Foresight Energy had a negative net margin of 19.93% and a negative return on equity of 9.94%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business earned $0.06 EPS.

FELP has been the subject of a number of other research reports. Stifel Nicolaus reissued a “hold” rating and set a $5.50 target price on shares of Foresight Energy in a research note on Sunday, October 29th. Zacks Investment Research raised shares of Foresight Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd. ValuEngine lowered shares of Foresight Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. 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. Finally, BidaskClub raised shares of Foresight Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Foresight Energy currently has an average rating of “Hold” and an average target price of $5.25.

Shares of Foresight Energy (NYSE:FELP) opened at $4.17 on Monday. Foresight Energy has a 52 week low of $3.53 and a 52 week high of $8.33. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.41 and a current ratio of 0.70.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were paid a $0.0605 dividend. This represents a $0.24 annualized dividend and a dividend yield of 5.80%. The ex-dividend date was Friday, November 17th. Foresight Energy’s payout ratio is presently -14.20%.

A hedge fund recently raised its stake in Foresight Energy stock. BNP Paribas Arbitrage SA lifted its holdings in Foresight Energy LP (NYSE:FELP) by 5,739,700.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 0.07% of Foresight Energy worth $243,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 11.69% of the company’s stock.

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About Foresight Energy

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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