Shares of Foresight Energy LP (NYSE:FELP) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the firm. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $3.17.

A number of equities research analysts have recently issued reports on FELP shares. FBR & Co set a $2.00 price target on shares of Foresight Energy and gave the company a “hold” rating in a research report on Wednesday, August 10th. Zacks Investment Research upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a research report on Friday, August 12th.

A hedge fund recently raised its stake in Foresight Energy stock. Arrow Investment Advisors LLC increased its stake in Foresight Energy LP (NYSE:FELP) by 187.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 585,560 shares of the company’s stock after buying an additional 382,000 shares during the period. Arrow Investment Advisors LLC owned about 0.45% of Foresight Energy worth $913,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 15.39% of the company’s stock.

Shares of Foresight Energy (NYSE:FELP) traded up 0.7817% on Friday, reaching $3.9708. The company had a trading volume of 21,863 shares. Foresight Energy has a 1-year low of $1.07 and a 1-year high of $8.76. The firm’s market capitalization is $520.37 million. The firm has a 50-day moving average price of $4.02 and a 200 day moving average price of $2.39.

Foresight Energy (NYSE:FELP) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.15. Foresight Energy had a negative net margin of 8.59% and a negative return on equity of 272.74%. The business earned $226 million during the quarter, compared to analysts’ expectations of $201.10 million. Equities research analysts predict that Foresight Energy will post ($0.69) earnings per share for the current year.

About Foresight Energy

Foresight Energy LP (FELP) is engaged in the mining and marketing of coal from reserves and operations located in the Illinois Basin. The Company controls over three billion tons of coal in the state of Illinois. Its reserves consist principally of three contiguous blocks of high heat content (high Btu) thermal coal, which are used for longwall operations.

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