Foresight Energy LP (NYSE:FELP) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $4.83.
A number of analysts have commented on the company. Zacks Investment Research cut Foresight Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. ValuEngine raised Foresight Energy from a “sell” rating to a “hold” rating in a research report on Monday, December 4th. Finally, B. Riley reaffirmed a “neutral” rating and set a $4.00 price target (down previously from $5.00) on shares of Foresight Energy in a research report on Thursday, March 8th.
Shares of Foresight Energy (NYSE FELP) opened at $3.81 on Tuesday. Foresight Energy has a 52-week low of $3.53 and a 52-week high of $7.00. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.36 and a current ratio of 0.49. The company has a market capitalization of $302.99, a PE ratio of -2.49 and a beta of 0.81.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be issued a $0.056 dividend. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.22 annualized dividend and a dividend yield of 5.88%. Foresight Energy’s dividend payout ratio (DPR) is presently -15.69%.
An institutional investor recently raised its position in Foresight Energy stock. BNP Paribas Arbitrage SA grew its stake in Foresight Energy LP (NYSE:FELP) by 5,739,700.0% in the 3rd quarter, according to the company in its most recent filing 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 quarter. BNP Paribas Arbitrage SA owned 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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Foresight Energy Company Profile
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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