Foresight Energy (FELP) Announces Quarterly Earnings Results, Misses Estimates By $0.14 EPS

Foresight Energy (NYSE:FELP) posted its quarterly earnings results on Wednesday. The energy company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.14), Morningstar.com reports. The business had revenue of $293.94 million for the quarter, compared to analyst estimates of $260.00 million. Foresight Energy had a negative net margin of 8.83% and a negative return on equity of 7.17%.

NYSE:FELP traded up $0.02 during mid-day trading on Friday, hitting $3.91. 1,011 shares of the company’s stock traded hands, compared to its average volume of 17,822. Foresight Energy has a 12 month low of $3.28 and a 12 month high of $4.62. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.53 and a current ratio of 0.68.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Tuesday, December 11th will be paid a dividend of $0.0565 per share. The ex-dividend date of this dividend is Monday, December 10th. This represents a $0.23 annualized dividend and a dividend yield of 5.78%.

Several research analysts have weighed in on the company. Zacks Investment Research lowered Foresight Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 24th. ValuEngine raised Foresight Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th.

An institutional investor recently bought a new position in Foresight Energy stock. Russell Investments Group Ltd. bought a new stake in shares of Foresight Energy LP (NYSE:FELP) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 393,661 shares of the energy company’s stock, valued at approximately $1,386,000. Russell Investments Group Ltd. owned 0.27% of Foresight Energy as of its most recent SEC filing. 6.17% of the stock is currently owned by institutional investors.

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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 for Foresight Energy (NYSE:FELP)

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