Foresight Energy (FELP) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Foresight Energy (NYSE:FELP) from a sell rating to a hold rating in a research report released on Monday morning.

Several other equities analysts have also commented on FELP. B. Riley reiterated a neutral rating on shares of Foresight Energy in a research report on Wednesday, November 1st. FBR & Co set a $5.00 price objective on Foresight Energy and gave the company a hold rating in a research report on Tuesday, August 15th. Zacks Investment Research upgraded Foresight Energy from a sell rating to a hold rating in a research report on Tuesday, August 15th. Stifel Nicolaus reduced their price target on Foresight Energy from $6.50 to $5.50 and set a hold rating on the stock in a research report on Wednesday, August 16th. Finally, BidaskClub upgraded Foresight Energy from a strong sell rating to a sell rating in a research report on Friday, September 15th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $5.25.

Foresight Energy (FELP) opened at $4.39 on Monday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.41 and a current ratio of 0.70. Foresight Energy has a 1 year low of $3.53 and a 1 year high of $8.33.

Foresight Energy (NYSE:FELP) last announced its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The firm had revenue of $232.40 million for the quarter, compared to the consensus estimate of $233.85 million. Foresight Energy had a negative net margin of 19.93% and a negative return on equity of 9.94%. Foresight Energy’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 earnings per share. equities analysts anticipate that Foresight Energy will post -1.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were given a dividend of $0.0605 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.24 annualized dividend and a yield of 5.51%. Foresight Energy’s payout ratio is -14.20%.

An institutional investor recently raised its position in Foresight Energy stock. BNP Paribas Arbitrage SA increased its stake in shares of Foresight Energy LP (NYSE:FELP) by 5,739,700.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,398 shares of the energy company’s stock after acquiring an additional 57,397 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.07% of Foresight Energy worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 11.69% of the stock is owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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