Separately, Zacks Investment Research lowered shares of Foresight Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th.
Shares of FELP opened at $0.92 on Thursday. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.59 and a quick ratio of 0.40. Foresight Energy has a 1 year low of $0.86 and a 1 year high of $4.10.
Foresight Energy (NYSE:FELP) last announced its quarterly earnings data on Wednesday, February 27th. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Foresight Energy had a negative net margin of 4.65% and a negative return on equity of 8.88%. The company had revenue of $298.91 million for the quarter, compared to analysts’ expectations of $296.10 million. Sell-side analysts expect that Foresight Energy will post -0.06 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. Freestone Capital Holdings LLC purchased a new position in shares of Foresight Energy in the first quarter valued at $27,000. Bank of America Corp DE grew its holdings in shares of Foresight Energy by 0.7% in the fourth quarter. Bank of America Corp DE now owns 659,926 shares of the energy company’s stock valued at $2,310,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Foresight Energy by 14.7% in the fourth quarter. Citigroup Inc. now owns 131,320 shares of the energy company’s stock valued at $460,000 after purchasing an additional 16,782 shares in the last quarter. 1.05% of the stock is owned by hedge funds and other institutional investors.
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 February 27, 2019, 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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