Foresight Energy LP (NYSE:FELP) had its price objective hoisted by FBR & Co from $3.00 to $6.00 in a report released on Wednesday. The firm currently has a market perform rating on the stock.

Separately, Zacks Investment Research lowered shares of Foresight Energy from a hold rating to a strong sell rating in a research report on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $4.58.

Foresight Energy (NYSE:FELP) traded down 0.75% during mid-day trading on Wednesday, reaching $6.63. The company had a trading volume of 112,786 shares. Foresight Energy has a 12-month low of $1.07 and a 12-month high of $7.80. The firm has a 50-day moving average price of $5.60 and a 200 day moving average price of $3.39. The firm’s market capitalization is $868.92 million.

Foresight Energy (NYSE:FELP) last released its quarterly earnings data on Wednesday, November 9th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.08. Foresight Energy had a negative net margin of 12.55% and a negative return on equity of 272.74%. The business earned $228.50 million during the quarter, compared to analysts’ expectations of $218.45 million. Analysts expect that Foresight Energy will post ($0.72) EPS for the current year.

In other Foresight Energy news, major shareholder Life Sciences Fund L. Accipiter sold 577,546 shares of the business’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $7.14, for a total value of $4,123,678.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional investors have recently modified their holdings of the stock. Morgan Stanley increased its position in shares of Foresight Energy by 36.2% in the third quarter. Morgan Stanley now owns 34,903 shares of the company’s stock valued at $133,000 after buying an additional 9,285 shares during the period. Acrospire Investment Management LLC increased its position in shares of Foresight Energy by 131.9% in the third quarter. Acrospire Investment Management LLC now owns 32,234 shares of the company’s stock valued at $122,000 after buying an additional 18,334 shares during the period. Finally, Arrow Investment Advisors LLC increased its position in shares of Foresight Energy by 187.7% in the second quarter. Arrow Investment Advisors LLC now owns 585,560 shares of the company’s stock valued at $913,000 after buying an additional 382,000 shares during the period. 15.13% of the stock is owned by hedge funds and other institutional investors.

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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. The Company controls over three billion tons of coal in the state of Illinois. Its reserves consist principally of over three contiguous blocks of high heat content (high Btu) thermal coal, which are used for longwall operations.

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