Foresight Energy (NYSE:FELP) Stock Passes Above 50 Day Moving Average of $0.43
Foresight Energy LP (NYSE:FELP) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.43 and traded as high as $0.41. Foresight Energy shares last traded at $0.41, with a volume of 701 shares.
Several analysts have commented on FELP shares. Zacks Investment Research upgraded shares of Foresight Energy from a “strong sell” rating to a “hold” rating in a report on Monday, August 12th. ValuEngine upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.
The company has a quick ratio of 0.42, a current ratio of 0.74 and a debt-to-equity ratio of 2.35. The company’s fifty day simple moving average is $0.43 and its 200 day simple moving average is $1.25. The firm has a market capitalization of $59.67 million, a PE ratio of -1.25 and a beta of 0.46.
A hedge fund recently bought a new stake in Foresight Energy stock. Freestone Capital Holdings LLC bought a new stake in shares of Foresight Energy LP (NYSE:FELP) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,087 shares of the energy company’s stock, valued at approximately $27,000. Institutional investors own 0.48% of the company’s stock.
About Foresight Energy (NYSE:FELP)
Foresight Energy LP engages in the development, mining, production, marketing, transportation, and sale of thermal coal primarily in the eastern United States and internationally. As of February 27, 2019, the company operated two longwall mining complexes with three longwall mining systems in Williamson and Sugar Camp; one continuous mining operation in Macoupin; and the Sitran river terminal on the Ohio River.
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