Foresight Energy LP (FELP) Given Consensus Rating of “Hold” by Brokerages

Shares of Foresight Energy LP (NYSE:FELP) have received an average rating of “Hold” from the six ratings firms that are presently covering the firm, reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.83.

A number of analysts have recently weighed in on FELP shares. Zacks Investment Research cut Foresight Energy from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. ValuEngine raised Foresight Energy from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Finally, B. Riley reissued a “neutral” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Foresight Energy in a research report on Thursday, March 8th.

Foresight Energy (NYSE FELP) opened at $3.81 on Tuesday. Foresight Energy has a fifty-two week low of $3.53 and a fifty-two week high of $7.00. The stock has a market capitalization of $302.99, a price-to-earnings ratio of -2.49 and a beta of 0.81. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.49 and a quick ratio of 0.36.

Foresight Energy (NYSE:FELP) last announced its quarterly earnings results on Wednesday, March 7th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.13. Foresight Energy had a negative return on equity of 3.93% and a negative net margin of 18.78%. The business had revenue of $284.61 million for the quarter, compared to the consensus estimate of $264.75 million. sell-side analysts anticipate that Foresight Energy will post -0.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be given a $0.056 dividend. The ex-dividend date is Monday, March 19th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 5.88%. Foresight Energy’s payout ratio is -15.69%.

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 third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,398 shares of the energy company’s stock after purchasing an additional 57,397 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.07% of Foresight Energy worth $243,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.67% 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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