Foresight Energy LP (NYSE:FELP) declared a quarterly dividend on Wednesday, March 7th, NASDAQ reports. Stockholders of record on Tuesday, March 20th will be given a dividend of 0.056 per share by the energy company on Friday, March 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.22%. 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% meaning 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%.

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Foresight Energy (NYSE FELP) traded down $0.12 during trading on Wednesday, hitting $3.60. The stock had a trading volume of 200 shares, compared to its average volume of 29,730. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.49 and a quick ratio of 0.36. Foresight Energy has a 12 month low of $3.53 and a 12 month high of $6.94. The firm has a market cap of $296.39, a PE ratio of -2.43 and a beta of 0.81.

Foresight Energy (NYSE:FELP) last posted its quarterly earnings results on Wednesday, March 7th. The energy company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $284.61 million during the quarter, compared to analysts’ expectations of $264.75 million. research analysts anticipate that Foresight Energy will post -0.34 earnings per share for the current year.

A number of research firms have recently commented on FELP. ValuEngine raised Foresight Energy from a “sell” rating to a “hold” rating in a report on Tuesday. B. Riley reissued a “neutral” rating and set a $4.00 price target (down previously from $5.00) on shares of Foresight Energy in a report on Thursday, March 8th. Finally, Zacks Investment Research cut Foresight Energy from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.83.

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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.

Dividend History for Foresight Energy (NYSE:FELP)

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