FELP has been the topic of several other research reports. Zacks Investment Research cut shares of Foresight Energy from a hold rating to a sell rating in a research note on Wednesday, May 3rd. Stifel Nicolaus reissued a hold rating and issued a $6.50 price objective (down previously from $8.00) on shares of Foresight Energy in a research note on Tuesday, May 16th. Finally, BidaskClub cut shares of Foresight Energy from a sell rating to a strong sell rating in a research note on Wednesday, July 12th.
Foresight Energy (NYSE FELP) opened at 4.26 on Tuesday. The stock has a 50 day moving average price of $4.43 and a 200-day moving average price of $5.46. The firm’s market capitalization is $606.58 million. Foresight Energy has a one year low of $3.15 and a one year high of $8.33.
Foresight Energy (NYSE:FELP) last announced its quarterly earnings results on Friday, August 11th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $207.10 million during the quarter, compared to the consensus estimate of $228.40 million. Foresight Energy had a negative net margin of 21.13% and a negative return on equity of 15.37%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.11) earnings per share. On average, equities analysts forecast that Foresight Energy will post ($0.99) earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Monday, August 21st will be paid a $0.0647 dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.26 annualized dividend and a dividend yield of 6.08%. Foresight Energy’s dividend payout ratio is -14.36%.
An institutional investor recently raised its position in Foresight Energy stock. Renaissance Technologies LLC raised its stake in Foresight Energy LP (NYSE:FELP) by 65.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 111,360 shares of the energy company’s stock after buying an additional 43,960 shares during the period. Renaissance Technologies LLC owned about 0.08% of Foresight Energy worth $720,000 as of its most recent SEC filing. Institutional investors and hedge funds own 11.46% of the company’s stock.
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.
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