Foresight Energy LP (NYSE:FELP) had its price objective hoisted by equities research analysts at FBR & Co from $2.00 to $3.00 in a report released on Thursday. The brokerage currently has a “market perform” rating on the stock. FBR & Co’s price target points to a potential downside of 34.21% from the stock’s current price.
Separately, Zacks Investment Research upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a report on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $4.57.
Shares of Foresight Energy (NYSE:FELP) opened at 4.58 on Thursday. The company has a 50-day moving average price of $4.11 and a 200 day moving average price of $2.47. Foresight Energy has a one year low of $1.07 and a one year high of $8.76. The company’s market capitalization is $600.21 million.
Foresight Energy (NYSE:FELP) last posted its quarterly 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 company had revenue of $226 million for the quarter, compared to analysts’ expectations of $201.10 million. On average, analysts forecast that Foresight Energy will post ($0.69) EPS for the current fiscal year.
An institutional investor recently raised its position in Foresight Energy stock. Arrow Investment Advisors LLC boosted its position in shares of Foresight Energy LP (NYSE:FELP) by 187.7% during the second quarter, according to its most recent Form 13F filing with the SEC. 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 reporting period. 15.39% of the stock is owned by hedge funds and other institutional investors.
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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