FBR & Co set a $3.00 price target on Foresight Energy LP (NYSE:FELP) in a research note issued to investors on Thursday. The firm currently has a a hold rating on the stock.

Separately, Zacks Investment Research cut Foresight Energy from a hold rating to a strong sell rating in a research report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $4.57.

Shares of Foresight Energy (NYSE:FELP) traded down 1.18% during midday trading on Thursday, hitting $4.20. 19,495 shares of the stock traded hands. The stock has a 50 day moving average of $4.14 and a 200 day moving average of $2.49. Foresight Energy has a 1-year low of $1.07 and a 1-year high of $8.76. The company’s market capitalization is $550.41 million.

Foresight Energy (NYSE:FELP) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $201.10 million. Equities research analysts predict that Foresight Energy will post ($0.69) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Foresight Energy stock. Arrow Investment Advisors LLC raised its position in Foresight Energy LP (NYSE:FELP) by 187.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.45% of Foresight Energy worth $913,000 as of its most recent filing with the SEC. 15.39% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NYSE:FELP

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