Foresight Energy LP (FELP) Given Consensus Recommendation of “Hold” by Analysts

Foresight Energy LP (NYSE:FELP) has received a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.25.

FELP has been the subject of several research reports. Stifel Nicolaus reiterated a “hold” rating and issued a $5.50 target price on shares of Foresight Energy in a research report on Sunday, October 29th. ValuEngine upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Zacks Investment Research lowered shares of Foresight Energy from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Finally, B. Riley reiterated a “neutral” rating on shares of Foresight Energy in a research report on Wednesday, November 1st.

A hedge fund recently raised its stake in Foresight Energy stock. BNP Paribas Arbitrage SA raised its holdings in shares of Foresight Energy LP (NYSE:FELP) by 5,739,700.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,398 shares of the energy company’s stock after buying an additional 57,397 shares during the period. BNP Paribas Arbitrage SA owned about 0.07% of Foresight Energy worth $243,000 at the end of the most recent reporting period. 11.69% of the stock is owned by hedge funds and other institutional investors.

Foresight Energy (FELP) opened at $4.10 on Monday. The company has a market cap of $318.34, a price-to-earnings ratio of -2.43 and a beta of 0.81. The company has a current ratio of 0.70, a quick ratio of 0.41 and a debt-to-equity ratio of 1.71. Foresight Energy has a 1 year low of $3.53 and a 1 year high of $7.64.

Foresight Energy (NYSE:FELP) last released its quarterly earnings results on Thursday, November 9th. The energy company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Foresight Energy had a negative net margin of 19.93% and a negative return on equity of 9.94%. The firm had revenue of $232.40 million for the quarter, compared to analysts’ expectations of $233.85 million. During the same quarter last year, the firm earned $0.06 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. sell-side analysts anticipate that Foresight Energy will post -1.05 earnings per share for the current fiscal year.

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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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