Foresight Energy (FELP) Getting Somewhat Positive News Coverage, Study Shows

News stories about Foresight Energy (NYSE:FELP) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Foresight Energy earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the energy company an impact score of 47.2249444529823 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

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A number of equities research analysts recently commented on FELP shares. ValuEngine upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a research report on Friday, December 29th. Zacks Investment Research upgraded shares of Foresight Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, B. Riley reiterated a “neutral” rating and set a $4.00 price target (down from $5.00) on shares of Foresight Energy in a research report on Thursday, March 8th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Foresight Energy presently has an average rating of “Hold” and an average price target of $4.83.

Foresight Energy (NYSE:FELP) traded down $0.10 during mid-day trading on Tuesday, hitting $3.72. 3,350 shares of the stock were exchanged, compared to its average volume of 26,396. Foresight Energy has a 52 week low of $3.53 and a 52 week high of $6.94. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.36 and a current ratio of 0.49. The firm has a market cap of $517.51, a P/E ratio of -2.16 and a beta of 0.81.

Foresight Energy (NYSE:FELP) last posted its quarterly earnings results on Wednesday, March 7th. The energy company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.13. Foresight Energy had a negative net margin of 18.78% and a negative return on equity of 3.93%. The company had revenue of $284.61 million during the quarter, compared to the consensus estimate of $264.75 million. equities research analysts expect that Foresight Energy will post -0.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 20th will be given a dividend of $0.056 per share. The ex-dividend date is Monday, March 19th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 6.02%. Foresight Energy’s payout ratio is -14.12%.

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About Foresight Energy

Foresight Energy LP is engaged in the mining and marketing of coal from reserves and operations located in the Illinois Basin. As of December 31, 2016, the Company controlled 2.1 billion tons of coal in the state of Illinois. Its reserves consist principally of three contiguous blocks of uniform, thick, high heat content (high Btu) thermal coal, which are used for longwall operations.

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