Today’s Rating On Watch: Foresight Energy (NYSE:FELP) Stock Rating Reaffirmed by Analysts at FBR & Co.; The $6 Target Indicates -10.18% Potential

November 23, 2016 - By Michael Collier

Today's Rating On Watch: Foresight Energy (NYSE:FELP) Stock Rating Reaffirmed by Analysts at FBR & Co.; The $6 Target Indicates  10.18% Potential

Foresight Energy (NYSE:FELP) Rating

They currently have a $6 target price on Foresight Energy (NYSE:FELP). FBR & Co.’s target would suggest a potential downside of -10.18% from the company’s previous stock close. This was shown in an analyst report on Wednesday morning.

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. $17 is the highest target while $1.50 is the lowest. The $8.83 average target is 32.19% above today’s ($6.68) stock price. 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) earned “Equal-Weight” rating by Morgan Stanley on Friday, January 22. FBR Capital maintained the shares of FELP in a report on Thursday, May 12 with “Mkt Perform” rating. FBR Capital maintained the stock with “Mkt Perform” rating in Thursday, October 13 report. BB&T Capital downgraded the shares of FELP in a report on Friday, October 30 to “Hold” rating. The rating was maintained by FBR Capital on Tuesday, December 8 with “Mkt Perform”. The stock of Foresight Energy LP (NYSE:FELP) has “Outperform” rating given on Tuesday, November 3 by Cowen & Co. Citigroup downgraded the stock to “Neutral” rating in Tuesday, December 8 report. On Friday, September 18 the stock rating was initiated by FBR Capital with “Mkt Perform”. The stock of Foresight Energy LP (NYSE:FELP) earned “Neutral” rating by Goldman Sachs on Monday, July 27. Barclays Capital downgraded it to “Underweight” rating and $2 target price in Wednesday, December 9 report.

The stock decreased 2.20% or $0.15 on November 22, hitting $6.68. Foresight Energy LP (NYSE:FELP) has risen 242.56% since April 21, 2016 and is uptrending. It has outperformed by 237.23% the S&P500.

Foresight Energy LP is engaged in the mining and marketing of coal from reserves and activities located in the Illinois Basin. The company has a market cap of $884.54 million. The Firm controls over three billion tons of coal in the state of Illinois. It currently has negative earnings. The Company’s reserves consist principally of over three contiguous blocks of high heat content thermal coal, which are used for longwall operations.

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.”

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.

More notable recent Foresight Energy LP (NYSE:FELP) news were published by: Businesswire.com which released: “Foresight Energy LP Announces First Quarter 2016 Results” on May 10, 2016, also Seekingalpha.com with their article: “Impending Catalysts At Foresight Energy Will Drive Strong Returns” published on November 16, 2016, Fool.com published: “Why Foresight Energy LP’s Shares Fell Nearly 45% in January” on February 08, 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 Businesswire.com‘s news article titled: “Foresight Energy LP Announces Second Quarter 2016 Results” with publication date: August 09, 2016.

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