Foresight Energy (FELP) Stock Rating Upgraded by ValuEngine

Foresight Energy (NYSE:FELP) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Monday.

Several other equities analysts also recently weighed in on FELP. B. Riley reissued a “neutral” rating on shares of Foresight Energy in a research note on Wednesday, November 1st. FBR & Co set a $5.00 price target on shares of Foresight Energy and gave the stock a “hold” rating in a research note on Tuesday, August 15th. Zacks Investment Research raised shares of Foresight Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Stifel Nicolaus decreased their price target on shares of Foresight Energy from $6.50 to $5.50 and set a “hold” rating on the stock in a research note on Wednesday, August 16th. Finally, BidaskClub raised shares of Foresight Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Foresight Energy presently has a consensus rating of “Hold” and a consensus target price of $5.25.

Shares of Foresight Energy (NYSE:FELP) opened at $4.37 on Monday. Foresight Energy has a 52-week low of $3.53 and a 52-week high of $8.33. 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 earnings results on Thursday, November 9th. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). Foresight Energy had a negative net margin of 19.93% and a negative return on equity of 9.94%. The company had revenue of $232.40 million during the quarter, compared to analyst estimates of $233.85 million. During the same quarter last year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. sell-side analysts expect that Foresight Energy will post -1.05 EPS for the current year.

A hedge fund recently raised its stake in Foresight Energy stock. BNP Paribas Arbitrage SA lifted its holdings in Foresight Energy LP (NYSE:FELP) by 5,739,700.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.07% of Foresight Energy worth $243,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 11.69% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://stocknewstimes.com/2017/12/06/foresight-energy-felp-stock-rating-upgraded-by-valuengine.html.

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.

Receive News & Ratings for Foresight Energy LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Foresight Energy LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply