Price Don’t Lie: What’s in Foresight Energy LP After Today’s Big Increase?

Price Don't Lie: What's in Foresight Energy LP After Today's Big Increase?

The stock of Foresight Energy LP (NYSE:FELP) is a huge mover today! About 701,336 shares traded hands or 404.23% up from the average. Foresight Energy LP (NYSE:FELP) has risen 478.69% since April 8, 2016 and is uptrending. It has outperformed by 473.04% the S&P500.
The move comes after 6 months positive chart setup for the $1.16B company. It was reported on Nov, 10 by Barchart.com. We have $9.91 PT which if reached, will make NYSE:FELP worth $452.40M more.

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 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Foresight Energy LP (NYSE:FELP) has “Hold” rating given on Friday, October 30 by BB&T Capital. The firm has “Underweight” rating by Barclays Capital given on Wednesday, December 9. The firm earned “Mkt Perform” rating on Friday, September 18 by FBR Capital. The firm earned “Neutral” rating on Monday, November 9 by JP Morgan. FBR Capital maintained it with “Mkt Perform” rating and $5 target price in Tuesday, December 8 report. The stock of Foresight Energy LP (NYSE:FELP) has “Outperform” rating given on Tuesday, November 3 by Cowen & Co. The company was maintained on Monday, August 3 by Cowen & Co. The rating was downgraded by Deutsche Bank to “Hold” on Tuesday, November 3. On Tuesday, December 8 the stock rating was downgraded by Citigroup to “Neutral”. Cowen & Co downgraded the shares of FELP in a report on Wednesday, December 9 to “Market Perform” rating.

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: Reuters.com which released: “BRIEF-Foresight Energy LP announces third quarter 2016 results” on November 09, 2016, also Finance.Yahoo.com with their article: “Foresight Energy LP Announces Third Quarter 2016 Results” published on November 09, 2016, Fool.com published: “Why Foresight Energy Rocketed 60% Higher in October” on November 07, 2016. More interesting news about Foresight Energy LP (NYSE:FELP) were released by: Businesswire.com and their article: “Foresight Energy LP Completes Global Restructuring” published on August 30, 2016 as well as Fool.com‘s news article titled: “Why Foresight Energy LP’s Shares Popped 56% Today” with publication date: April 19, 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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