Foresight Energy LP (NYSE:FELP) declared a quarterly dividend on Wednesday, March 7th, NASDAQ reports. Stockholders of record on Tuesday, March 20th will be paid a dividend of 0.056 per share by the energy company on Friday, March 30th. This represents a $0.22 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Monday, March 19th.

Foresight Energy has decreased its dividend payment by an average of 30.9% annually over the last three years. Foresight Energy has a dividend payout ratio of -22.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Foresight Energy to earn ($0.31) per share next year, which means the company may not be able to cover its $0.24 annual dividend with an expected future payout ratio of -77.4%.

Shares of Foresight Energy (NYSE:FELP) traded down $0.02 during trading hours on Wednesday, hitting $3.70. The stock had a trading volume of 5,200 shares, compared to its average volume of 26,142. Foresight Energy has a 1 year low of $3.53 and a 1 year high of $6.94. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.49 and a quick ratio of 0.36. The company has a market capitalization of $296.39, a P/E ratio of -2.43 and a beta of 0.81.

Foresight Energy (NYSE:FELP) last issued its quarterly earnings results on Wednesday, March 7th. The energy company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.13. Foresight Energy had a negative return on equity of 3.93% and a negative net margin of 18.78%. The firm had revenue of $284.61 million during the quarter, compared to the consensus estimate of $264.75 million. analysts expect that Foresight Energy will post -0.34 EPS for the current year.

Several equities research analysts recently commented on FELP shares. ValuEngine upgraded Foresight Energy from a “sell” rating to a “hold” rating in a report on Monday, December 4th. Zacks Investment Research upgraded Foresight Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, B. Riley reiterated a “neutral” rating and issued a $4.00 price objective (down from $5.00) on shares of Foresight Energy in a report on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $4.83.

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About Foresight Energy

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.

Dividend History for Foresight Energy (NYSE:FELP)

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