The stock of Foresight Energy LP (NYSE:FELP) is a huge mover today! About 85,381 shares traded hands. Foresight Energy LP (NYSE:FELP) has risen 88.12% since February 29, 2016 and is uptrending. It has outperformed by 75.90% the S&P500.
The move comes after 5 months positive chart setup for the $485.85 million company. It was reported on Oct, 3 by Barchart.com. We have $6.44 PT which if reached, will make NYSE:FELP worth $296.37 million more.
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. Stifel Nicolaus downgraded the shares of FELP in a report on Friday, October 30 to “Hold” rating. Goldman Sachs downgraded Foresight Energy LP (NYSE:FELP) on Monday, July 27 to “Neutral” rating. Deutsche Bank downgraded it to “Hold” rating and $6 target price in Tuesday, November 3 report. On Monday, October 5 the stock rating was maintained by Deutsche Bank with “Buy”. JP Morgan downgraded the shares of FELP in a report on Monday, November 9 to “Neutral” rating. The firm earned “Underweight” rating on Wednesday, December 9 by Barclays Capital. The firm has “Mkt Perform” rating given on Tuesday, December 8 by FBR Capital. The stock of Foresight Energy LP (NYSE:FELP) earned “Hold” rating by BB&T Capital on Friday, October 30. The rating was maintained by FBR Capital with “Mkt Perform” on Thursday, May 12. Cowen & Co downgraded the stock to “Market Perform” rating in Wednesday, December 9 report.
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: Businesswire.com which released: “Foresight Energy LP and Foresight Reserves LP Announce Results of Cash Tender …” on August 29, 2016, also Businesswire.com with their article: “Foresight Energy LP Announces Second Quarter 2016 Results” published on August 09, 2016, Reuters.com published: “Foresight Energy LP (FELP.N)” on February 12, 2012. More interesting news about Foresight Energy LP (NYSE:FELP) were released by: Fool.com and their article: “Why Foresight Energy LP’s Shares Popped 56% Today” published on April 19, 2016 as well as Fool.com‘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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