Foresight Energy LP (NYSE:FELP) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 83,700 shares, an increase of 45.8% from the September 15th total of 57,400 shares. Based on an average daily volume of 123,300 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.
FELP has been the subject of a number of recent research reports. ValuEngine upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research lowered shares of Foresight Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Finally, B. Riley set a $1.00 price objective on shares of Foresight Energy and gave the stock a “hold” rating in a report on Friday.
Shares of NYSE FELP traded up $0.01 during mid-day trading on Monday, hitting $0.21. The stock had a trading volume of 189,100 shares, compared to its average volume of 97,787. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.42 and a current ratio of 0.74. Foresight Energy has a 1 year low of $0.18 and a 1 year high of $4.03. The business has a 50 day moving average price of $0.28 and a two-hundred day moving average price of $0.68. The firm has a market cap of $29.03 million, a P/E ratio of -0.66 and a beta of 0.43.
Foresight Energy (NYSE:FELP) last issued its quarterly earnings data on Wednesday, August 7th. The energy company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.13). The company had revenue of $226.92 million for the quarter, compared to analysts’ expectations of $224.20 million. Foresight Energy had a negative net margin of 5.25% and a negative return on equity of 9.95%. Equities research analysts predict that Foresight Energy will post -0.36 EPS for the current fiscal year.
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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