Foresight Energy LP (NYSE:FELP) – Equities researchers at B. Riley decreased their Q3 2019 earnings per share (EPS) estimates for Foresight Energy in a research note issued to investors on Wednesday, June 12th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of ($0.11) per share for the quarter, down from their previous forecast of ($0.10). B. Riley also issued estimates for Foresight Energy’s Q4 2019 earnings at ($0.14) EPS, FY2019 earnings at ($0.44) EPS, FY2020 earnings at ($0.54) EPS and FY2021 earnings at ($0.41) EPS.
Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Foresight Energy from a “hold” rating to a “strong sell” rating in a report on Monday, May 13th. ValuEngine downgraded shares of Foresight Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st.
FELP stock opened at $0.81 on Friday. Foresight Energy has a one year low of $0.60 and a one year high of $4.10. The company has a current ratio of 0.59, a quick ratio of 0.37 and a debt-to-equity ratio of 2.09.
Foresight Energy (NYSE:FELP) last released its quarterly earnings results on Wednesday, May 8th. The energy company reported ($0.09) EPS for the quarter. The firm had revenue of $269.07 million for the quarter, compared to analysts’ expectations of $253.30 million. Foresight Energy had a negative net margin of 4.65% and a negative return on equity of 8.88%.
A number of institutional investors have recently bought and sold shares of the stock. Freestone Capital Holdings LLC acquired a new stake in Foresight Energy in the 1st quarter valued at approximately $27,000. Bank of America Corp DE increased its holdings in Foresight Energy by 0.7% in the 4th quarter. Bank of America Corp DE now owns 659,926 shares of the energy company’s stock valued at $2,310,000 after purchasing an additional 4,300 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in Foresight Energy by 14.7% in the 4th quarter. Citigroup Inc. now owns 131,320 shares of the energy company’s stock valued at $460,000 after purchasing an additional 16,782 shares during the last quarter. Hedge funds and other institutional investors own 0.88% of the company’s stock.
Foresight Energy Company Profile
Foresight Energy LP engages in the development, mining, production, marketing, transportation, and sale of thermal coal primarily in the eastern United States and internationally. As of February 27, 2019, the company operated two longwall mining complexes with three longwall mining systems in Williamson and Sugar Camp; one continuous mining operation in Macoupin; and the Sitran river terminal on the Ohio River.
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