Foresight Energy (FELP) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Foresight Energy (NYSE:FELP) from a sell rating to a hold rating in a report published on Monday, December 4th.

FELP has been the subject of several other reports. FBR & Co set a $5.00 price target 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 Friday, September 15th. BidaskClub upgraded Foresight Energy from a strong sell rating to a sell rating in a research report on Friday, September 15th. Stifel Nicolaus restated a hold rating and issued a $5.50 price objective on shares of Foresight Energy in a research report on Sunday, October 29th. Finally, B. Riley reaffirmed a neutral rating on shares of Foresight Energy in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Foresight Energy presently has a consensus rating of Hold and an average target price of $5.25.

Shares of Foresight Energy (NYSE:FELP) traded up $0.58 during trading hours on Monday, hitting $4.37. The stock had a trading volume of 184,486 shares, compared to its average volume of 36,522. Foresight Energy has a 1 year low of $3.53 and a 1 year high of $7.64. The stock has a market capitalization of $294.27, a PE ratio of -2.59 and a beta of 0.81. 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 (NYSE:FELP) last announced its quarterly earnings data on Thursday, November 9th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The firm had revenue of $232.40 million during the quarter, compared to analysts’ expectations of $233.85 million. Foresight Energy had a negative return on equity of 9.94% and a negative net margin of 19.93%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. research analysts expect that Foresight Energy will post -1.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 20th were paid a dividend of $0.0605 per share. This represents a $0.24 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Friday, November 17th. Foresight Energy’s dividend payout ratio (DPR) is currently -14.20%.

A hedge fund recently raised its stake in Foresight Energy stock. BNP Paribas Arbitrage SA boosted its stake in shares of Foresight Energy LP (NYSE:FELP) by 5,739,700.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,398 shares of the energy company’s stock after buying an additional 57,397 shares during the period. BNP Paribas Arbitrage SA owned 0.07% of Foresight Energy worth $243,000 at the end of the most recent quarter. 11.69% of the stock is owned by institutional investors and hedge funds.

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About Foresight Energy

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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