Foresight Energy (FELP) Receives News Sentiment Rating of 0.06

Press coverage about Foresight Energy (NYSE:FELP) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Foresight Energy earned a news impact score of 0.06 on Accern’s scale. Accern also assigned news coverage about the energy company an impact score of 45.6447839706908 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

• Traders Keeping Foresight Energy LP (FELP) on Close Watch As Shares Move – Wall Street Review (thewallstreetreview.com)
• Stock Watch: Checking the Numbers For Foresight Energy LP (FELP) – Berry Recorder (berryrecorder.com)
• Foresight Energy LP (NYSE:FELP) Set to Announce Quarterly Earnings on Friday (americanbankingnews.com)
• Reversal Time? Foresight Energy LP (FELP) Schaff Indicator Nearing Key Levels – Sparta Review (spartareview.com)

A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Foresight Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $6.50 price objective (down from $8.00) on shares of Foresight Energy in a research report on Tuesday, May 16th. FBR & Co lowered their price objective on shares of Foresight Energy from $6.00 to $4.00 and set a “mkt perform” rating on the stock in a research report on Monday, May 15th. Finally, Zacks Investment Research lowered shares of Foresight Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd.

Shares of Foresight Energy (FELP) traded down 1.9909% during midday trading on Monday, hitting $4.3124. 3,601 shares of the company’s stock traded hands. The stock’s market cap is $606.70 million. The company has a 50 day moving average of $4.60 and a 200 day moving average of $5.70. Foresight Energy has a 52 week low of $2.55 and a 52 week high of $8.33.

Foresight Energy (NYSE:FELP) last released its quarterly earnings results on Thursday, May 11th. The energy company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.11. Foresight Energy had a negative return on equity of 105.44% and a negative net margin of 48.26%. The business had revenue of $230.40 million during the quarter, compared to the consensus estimate of $225.10 million. During the same period in the previous year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 38.7% compared to the same quarter last year. On average, equities analysts forecast that Foresight Energy will post ($0.88) EPS for the current fiscal year.

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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.