Zacks Investment Research upgraded shares of Foresight Energy LP (NYSE:FELP) from a sell rating to a hold rating in a research note released on Friday.

According to Zacks, “Foresight Energy Partners LP is a producer and marketer of thermal coal. It operates four underground mining complexes, all in the Illinois Basin region of the United States. The Company’s mining complexes consist of: Williamson Energy, LLC, Sugar Camp Energy, LLC, Hillsboro Energy, LLC and Macoupin Energy, LLC. It markets and sells its coal to a diverse customer base including electric utility and industrial companies in the eastern United States, as well as the seaborne thermal coal market. Foresight Energy Partners LP is based in St. Louis, Missouri. “

A number of other brokerages have also recently issued reports on FELP. FBR & Co set a $5.00 target price on shares of Foresight Energy and gave the stock a hold rating in a report on Tuesday, August 15th. BidaskClub upgraded shares of Foresight Energy from a strong sell rating to a sell rating in a research note on Friday. Stifel Nicolaus dropped their price target on shares of Foresight Energy from $6.50 to $5.50 and set a hold rating on the stock in a research note on Wednesday, August 16th. Finally, ValuEngine lowered shares of Foresight Energy from a hold rating to a sell rating in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock presently has a consensus rating of Hold and an average target price of $5.92.

Shares of Foresight Energy (FELP) traded up 0.94% during mid-day trading on Friday, reaching $4.28. The company’s stock had a trading volume of 7,857 shares. The firm has a 50-day moving average of $4.23 and a 200-day moving average of $5.11. The firm’s market capitalization is $609.42 million. Foresight Energy has a 52 week low of $3.45 and a 52 week high of $8.33.

Foresight Energy (NYSE:FELP) last posted its quarterly earnings data on Friday, August 11th. The energy company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $207.10 million during the quarter, compared to analysts’ expectations of $228.40 million. Foresight Energy had a negative net margin of 21.13% and a negative return on equity of 15.37%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.11) EPS. Equities research analysts forecast that Foresight Energy will post ($0.99) earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Monday, August 21st were paid a dividend of $0.0647 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 6.05%. Foresight Energy’s dividend payout ratio is presently -14.36%.

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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