ValuEngine upgraded shares of Foresight Energy (NYSE:FELP) from a hold rating to a buy rating in a report issued on Friday.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Foresight Energy from a strong sell rating to a hold rating in a research report on Friday, August 10th. B. Riley set a $5.00 target price on Foresight Energy and gave the company a hold rating in a research report on Wednesday, November 14th.
FELP stock traded up $0.09 during mid-day trading on Friday, reaching $3.79. 47,364 shares of the company’s stock were exchanged, compared to its average volume of 11,494. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 2.07. Foresight Energy has a 12-month low of $3.28 and a 12-month high of $4.62.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Tuesday, December 11th will be given a $0.0565 dividend. The ex-dividend date of this dividend is Monday, December 10th. This represents a $0.23 annualized dividend and a dividend yield of 5.96%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Accipiter Capital Management LLC lifted its position in shares of Foresight Energy by 0.5% in the second quarter. Accipiter Capital Management LLC now owns 7,705,398 shares of the energy company’s stock valued at $31,592,000 after acquiring an additional 40,475 shares in the last quarter. BlueMountain Capital Management LLC purchased a new position in shares of Foresight Energy in the third quarter valued at approximately $2,034,000. Finally, Freestone Capital Holdings LLC purchased a new position in shares of Foresight Energy in the third quarter valued at approximately $154,000. Institutional investors and hedge funds own 6.56% of the company’s stock.
Foresight Energy Company Profile
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 March 7, 2018, 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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