Price Action To Observe: Foresight Energy LP Can’t Burn Your Short Portfolio. Has Another Weak Session

Price Action To Observe: Foresight Energy LP Can't Burn Your Short Portfolio. Has Another Weak Session

The stock of Foresight Energy LP (NYSE:FELP) is a huge mover today! The stock decreased 7.32% or $0.3 during the last trading session, hitting $3.8. About 293,236 shares traded hands or 141.28% up from the average. Foresight Energy LP (NYSE:FELP) has risen 108.12% since February 26, 2016 and is uptrending. It has outperformed by 97.70% the S&P500.
The move comes after 8 months negative chart setup for the $486.25M company. It was reported on Oct, 1 by We have $3.27 PT which if reached, will make NYSE:FELP worth $68.08M less.

Analysts await Foresight Energy LP (NYSE:FELP) to report earnings on November, 3. They expect $-0.07 earnings per share, down 170.00% or $0.17 from last year’s $0.1 per share. After $-0.12 actual earnings per share reported by Foresight Energy LP for the previous quarter, Wall Street now forecasts -41.67% EPS growth.

Foresight Energy LP (NYSE:FELP) Ratings Coverage

Out of 11 analysts covering Foresight Energy LP (NYSE:FELP), 0 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 0 are positive. Foresight Energy LP has been the topic of 21 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Mkt Perform” rating on Thursday, May 12 by FBR Capital. Stifel Nicolaus downgraded the shares of FELP in a report on Friday, October 30 to “Hold” rating. Cowen & Co maintained the stock with “Outperform” rating in Monday, August 3 report. The stock of Foresight Energy LP (NYSE:FELP) earned “Neutral” rating by JP Morgan on Monday, November 9. Deutsche Bank maintained the shares of FELP in a report on Monday, October 5 with “Buy” rating. Cowen & Co downgraded the shares of FELP in a report on Wednesday, December 9 to “Market Perform” rating. As per Wednesday, December 9, the company rating was downgraded by Barclays Capital. The company was downgraded on Friday, January 22 by Morgan Stanley. As per Friday, September 18, the company rating was initiated by FBR Capital. The rating was downgraded by BB&T Capital on Friday, October 30 to “Hold”.

According to Zacks Investment Research, “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.”

More notable recent Foresight Energy LP (NYSE:FELP) news were published by: which released: “Foresight Energy LP and Foresight Reserves LP Announce Results of Cash Tender …” on August 29, 2016, also with their article: “Foresight Energy LP Announces Second Quarter 2016 Results” published on August 09, 2016, published: “Foresight Energy LP (FELP.N)” on February 12, 2012. More interesting news about Foresight Energy LP (NYSE:FELP) were released by: and their article: “Why Foresight Energy LP’s Shares Popped 56% Today” published on April 19, 2016 as well as‘s news article titled: “Why Foresight Energy LP’s Shares Fell Nearly 45% in January” with publication date: February 08, 2016.

FELP Company Profile

Foresight Energy LP (FELP), incorporated on January 26, 2012, is engaged in the mining and marketing of coal from reserves and activities located in the Illinois Basin. The Firm controls over three billion tons of coal in the state of Illinois. The Company’s reserves consist principally of over three contiguous blocks of high heat content (high Btu) thermal coal, which are used for longwall operations. Thermal coal is used by power plants and industrial steam boilers to produce electricity or process steam. The Firm operates over four underground mining complexes in the Illinois Basin, including Williamson, Sugar Camp, Hillsboro and Macoupin. The Company’s mining complexes operate in the Illinois Basin with approximately two located in Southern Illinois and over two located in Central Illinois. Williamson, Sugar Camp and Hillsboro are longwall operations, and Macoupin is a continuous miner operation.

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