Foresight Energy (FELP) Given Daily News Impact Rating of 0.26
News coverage about Foresight Energy (NYSE:FELP) has trended positive recently, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Foresight Energy earned a news impact score of 0.26 on Accern’s scale. Accern also gave news headlines about the energy company an impact score of 45.7005677553034 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Foresight Energy (FELP) traded up 1.20% during midday trading on Friday, reaching $4.23. 9,759 shares of the company traded hands. Foresight Energy has a one year low of $3.45 and a one year high of $8.33. The company’s market capitalization is $602.31 million. The stock’s 50 day moving average is $4.23 and its 200 day moving average is $5.05.
Foresight Energy (NYSE:FELP) last issued its earnings results on Friday, August 11th. The energy company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The business had revenue of $207.10 million during the quarter, compared to analyst estimates of $228.40 million. Foresight Energy had a negative return on equity of 15.37% and a negative net margin of 21.13%. Foresight Energy’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. On average, equities analysts anticipate that Foresight Energy will post ($0.99) earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 21st were paid a $0.0647 dividend. This represents a $0.26 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend was Thursday, August 17th. Foresight Energy’s dividend payout ratio is currently -14.36%.
Several equities research analysts recently commented on FELP shares. Zacks Investment Research upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a research report on Friday, September 22nd. ValuEngine downgraded shares of Foresight Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus cut their target price on shares of Foresight Energy from $6.50 to $5.50 and set a “hold” rating on the stock in a research report on Wednesday, August 16th. FBR & Co set a $5.00 target price on shares of Foresight Energy and gave the stock a “hold” rating in a research report on Tuesday, August 15th. Finally, BidaskClub downgraded shares of Foresight Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $5.92.
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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. As of December 31, 2016, the Company controlled 2.1 billion tons of coal in the state of Illinois. Its reserves consist principally of three contiguous blocks of uniform, thick, high heat content (high Btu) thermal coal, which are used for longwall operations.
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