Foresight Energy (NYSE:FELP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, September 20th.

According to Zacks, “Foresight Energy Partners LP is a producer and marketer of thermal coal. It operates four underground mining complexes, all in the Illinois Basin region of the United States. The Company’s mining complexes consist of: Williamson Energy, LLC, Sugar Camp Energy, LLC, Hillsboro Energy, LLC and Macoupin Energy, LLC. It markets and sells its coal to a diverse customer base including electric utility and industrial companies in the eastern United States, as well as the seaborne thermal coal market. Foresight Energy Partners LP is based in St. Louis, Missouri. “

Separately, ValuEngine upgraded Foresight Energy from a “hold” rating to a “buy” rating in a report on Monday, July 2nd.

NYSE FELP traded up $0.12 on Thursday, hitting $3.85. 16,273 shares of the company’s stock were exchanged, compared to its average volume of 17,604. The company has a current ratio of 0.68, a quick ratio of 0.53 and a debt-to-equity ratio of 1.98. Foresight Energy has a fifty-two week low of $3.28 and a fifty-two week high of $4.72.

Foresight Energy (NYSE:FELP) last released its quarterly earnings results on Friday, August 3rd. The energy company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The firm had revenue of $271.42 million during the quarter, compared to analyst estimates of $250.80 million. Foresight Energy had a negative return on equity of 7.17% and a negative net margin of 8.83%. Research analysts anticipate that Foresight Energy will post -0.37 earnings per share for the current year.

Several institutional investors have recently modified their holdings of FELP. Accipiter Capital Management LLC raised its position in shares of Foresight Energy by 0.5% in the 2nd quarter. Accipiter Capital Management LLC now owns 7,705,398 shares of the energy company’s stock worth $31,592,000 after buying an additional 40,475 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Foresight Energy in the 1st quarter worth $1,386,000. SG Americas Securities LLC purchased a new position in Foresight Energy in the first quarter valued at about $930,000. Finally, United Capital Financial Advisers LLC purchased a new position in Foresight Energy in the first quarter valued at about $101,000. 6.17% of the stock is currently owned by institutional investors.

Foresight Energy Company Profile

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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