Foresight Energy LP to Post Q3 2018 Earnings of ($0.03) Per Share, B. Riley Forecasts (FELP)

Foresight Energy LP (NYSE:FELP) – B. Riley increased their Q3 2018 EPS estimates for shares of Foresight Energy in a report issued on Wednesday, August 8th. B. Riley analyst L. Pipes now anticipates that the energy company will earn ($0.03) per share for the quarter, up from their previous forecast of ($0.08). B. Riley also issued estimates for Foresight Energy’s Q4 2018 earnings at ($0.04) EPS, FY2018 earnings at ($0.37) EPS, FY2019 earnings at ($0.25) EPS and FY2020 earnings at ($0.38) EPS.

Several other research analysts also recently commented on the company. Zacks Investment Research raised Foresight Energy from a “strong sell” rating to a “hold” rating in a research report on Friday. ValuEngine raised Foresight Energy from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $4.83.

Shares of NYSE FELP opened at $3.90 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.35 and a debt-to-equity ratio of 1.98. Foresight Energy has a 12 month low of $3.28 and a 12 month high of $4.88.

Foresight Energy (NYSE:FELP) last issued its quarterly earnings results on Friday, August 3rd. The energy company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.08). The business had revenue of $271.42 million during the quarter, compared to the consensus estimate of $250.80 million. Foresight Energy had a negative return on equity of 7.17% and a negative net margin of 8.83%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. United Capital Financial Advisers LLC bought a new position in Foresight Energy in the 1st quarter worth approximately $101,000. SG Americas Securities LLC bought a new position in Foresight Energy in the 1st quarter worth approximately $930,000. Finally, Russell Investments Group Ltd. bought a new position in Foresight Energy in the 1st quarter worth approximately $1,386,000. 6.40% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Tuesday, August 21st will be given a $0.0565 dividend. This represents a $0.23 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend is Monday, August 20th.

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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Earnings History and Estimates for Foresight Energy (NYSE:FELP)

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