Analysts Set Foresight Energy (FELP) PT at $4.83

Shares of Foresight Energy (NYSE:FELP) have been given a consensus rating of “Hold” by the six research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $4.83.

A number of brokerages have weighed in on FELP. ValuEngine upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Zacks Investment Research upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, B. Riley restated a “neutral” rating and issued a $4.00 target price (down previously from $5.00) on shares of Foresight Energy in a research report on Thursday, March 8th.

Shares of NYSE FELP traded up $0.02 during trading hours on Friday, hitting $3.72. 89,055 shares of the stock were exchanged, compared to its average volume of 29,058. The company has a current ratio of 0.49, a quick ratio of 0.36 and a debt-to-equity ratio of 1.78. Foresight Energy has a 1-year low of $3.28 and a 1-year high of $6.01.

Foresight Energy (NYSE:FELP) last posted its quarterly earnings results on Wednesday, March 7th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.13. The business had revenue of $284.61 million for the quarter, compared to analyst estimates of $264.75 million. Foresight Energy had a negative net margin of 18.78% and a negative return on equity of 3.93%. analysts anticipate that Foresight Energy will post -0.37 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th were given a $0.056 dividend. The ex-dividend date of this dividend was Monday, March 19th. This represents a $0.22 dividend on an annualized basis and a yield of 6.02%.

A hedge fund recently raised its stake in Foresight Energy stock. BNP Paribas Arbitrage SA grew its holdings in shares of Foresight Energy (NYSE:FELP) by 5,739,700.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 57,398 shares of the energy company’s stock after acquiring an additional 57,397 shares during the period. BNP Paribas Arbitrage SA owned about 0.07% of Foresight Energy worth $243,000 as of its most recent SEC filing. 6.27% of the stock is currently owned by institutional investors.

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About Foresight Energy

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 March 7, 2018, 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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