Foresight Energy LP (NYSE:FELP) – Stock analysts at B. Riley reduced their Q2 2019 EPS estimates for shares of Foresight Energy in a research note issued to investors on Thursday, May 9th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings of ($0.10) per share for the quarter, down from their previous forecast of ($0.02). B. Riley also issued estimates for Foresight Energy’s Q3 2019 earnings at ($0.10) EPS, Q4 2019 earnings at ($0.11) EPS, FY2019 earnings at ($0.39) EPS, Q1 2020 earnings at ($0.05) EPS, Q2 2020 earnings at ($0.05) EPS, Q3 2020 earnings at ($0.08) EPS, Q4 2020 earnings at ($0.04) EPS and FY2020 earnings at ($0.21) EPS.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Foresight Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 9th.
Shares of Foresight Energy stock opened at $0.75 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.40 and a debt-to-equity ratio of 2.09. Foresight Energy has a 1 year low of $0.75 and a 1 year high of $4.10. The stock has a market cap of $109.43 million, a price-to-earnings ratio of -2.34 and a beta of 0.24.
Foresight Energy (NYSE:FELP) last issued its earnings results on Wednesday, February 27th. The energy company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). Foresight Energy had a negative return on equity of 8.88% and a negative net margin of 4.65%. The business had revenue of $298.91 million for the quarter, compared to the consensus estimate of $296.10 million.
Institutional investors have recently modified their holdings of the business. Freestone Capital Holdings LLC bought a new position in Foresight Energy during the 1st quarter worth about $27,000. Citigroup Inc. grew its holdings in Foresight Energy by 14.7% during the 4th quarter. Citigroup Inc. now owns 131,320 shares of the energy company’s stock worth $460,000 after acquiring an additional 16,782 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Foresight Energy by 0.7% during the 4th quarter. Bank of America Corp DE now owns 659,926 shares of the energy company’s stock worth $2,310,000 after acquiring an additional 4,300 shares in the last quarter. Institutional investors own 1.05% of the company’s stock.
About Foresight Energy
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 February 27, 2019, 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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