Foresight Energy LP (FELP) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Foresight Energy LP (NYSE:FELP) released its quarterly earnings results on Thursday. The energy company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04), Briefing.com reports. Foresight Energy had a negative return on equity of 15.37% and a negative net margin of 21.13%. The firm had revenue of $232.40 million for the quarter, compared to analysts’ expectations of $233.85 million. During the same period last year, the firm earned $0.06 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis.
Foresight Energy (NYSE FELP) traded up $0.03 on Friday, hitting $4.20. 7,934 shares of the stock traded hands, compared to its average volume of 42,469. Foresight Energy has a one year low of $3.53 and a one year high of $8.33. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.48.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be paid a dividend of $0.0605 per share. This represents a $0.24 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend is Friday, November 17th. Foresight Energy’s dividend payout ratio (DPR) is -14.36%.
Several equities research analysts recently issued reports on the stock. FBR & Co set a $5.00 price target on shares of Foresight Energy and gave the stock a “hold” rating in a research note on Tuesday, August 15th. ValuEngine downgraded shares of Foresight Energy from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Foresight Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. BidaskClub raised shares of Foresight Energy from a “strong sell” rating to a “sell” rating in a research note on Friday, September 15th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $5.50 price target on shares of Foresight Energy in a research note on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $5.25.
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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