Shares of Foresight Energy LP (NYSE:FELP) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the stock. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $3.17.
FELP has been the subject of several recent research reports. FBR & Co set a $2.00 target price on shares of Foresight Energy and gave the company a “hold” rating in a research note on Wednesday, August 10th. Zacks Investment Research upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 12th.
An institutional investor recently raised its position in Foresight Energy stock. Arrow Investment Advisors LLC increased its position in Foresight Energy LP (NYSE:FELP) by 187.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 585,560 shares of the company’s stock after buying an additional 382,000 shares during the period. Arrow Investment Advisors LLC owned approximately 0.45% of Foresight Energy worth $913,000 at the end of the most recent quarter. 15.39% of the stock is owned by institutional investors.
Shares of Foresight Energy (NYSE:FELP) traded up 0.7817% during mid-day trading on Friday, hitting $3.9708. 21,863 shares of the stock traded hands. The stock has a 50-day moving average of $4.02 and a 200-day moving average of $2.39. Foresight Energy has a 52 week low of $1.07 and a 52 week high of $8.76. The company’s market cap is $520.37 million.
Foresight Energy (NYSE:FELP) last released its earnings results on Tuesday, August 9th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.15. Foresight Energy had a negative net margin of 8.59% and a negative return on equity of 272.74%. The business had revenue of $226 million for the quarter, compared to analyst estimates of $201.10 million. Analysts anticipate that Foresight Energy will post ($0.69) EPS for the current year.
Foresight Energy Company Profile
Foresight Energy LP (FELP) is engaged in the mining and marketing of coal from reserves and operations located in the Illinois Basin. The Company controls over three billion tons of coal in the state of Illinois. Its reserves consist principally of three contiguous blocks of high heat content (high Btu) thermal coal, which are used for longwall operations.
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