Freestone Capital Holdings LLC Acquires New Position in Foresight Energy LP (FELP)

Freestone Capital Holdings LLC acquired a new stake in shares of Foresight Energy LP (NYSE:FELP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,087 shares of the energy company’s stock, valued at approximately $27,000.

Separately, Citigroup Inc. raised its stake in Foresight Energy by 14.7% during the fourth quarter. Citigroup Inc. now owns 131,320 shares of the energy company’s stock valued at $460,000 after buying an additional 16,782 shares in the last quarter. 0.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of Foresight Energy stock opened at $0.95 on Monday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.37 and a current ratio of 0.59. The company has a market cap of $137.87 million, a PE ratio of -2.95 and a beta of 0.24. Foresight Energy LP has a twelve month low of $0.60 and a twelve month high of $4.10.

Foresight Energy (NYSE:FELP) last announced its quarterly earnings results on Wednesday, February 27th. The energy company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The company had revenue of $298.91 million for the quarter, compared to analyst estimates of $296.10 million. Foresight Energy had a negative return on equity of 8.88% and a negative net margin of 4.65%. As a group, research analysts expect that Foresight Energy LP will post -0.39 EPS for the current year.

FELP has been the topic of several research reports. ValuEngine upgraded Foresight Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. Zacks Investment Research cut Foresight Energy from a “hold” rating to a “strong sell” rating in a research report on Monday, May 13th.

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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 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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