Foresight Energy (NYSE:FELP) Stock Price Crosses Below Fifty Day Moving Average of $0.55

Foresight Energy LP (NYSE:FELP) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.55 and traded as low as $0.40. Foresight Energy shares last traded at $0.40, with a volume of 400 shares trading hands.

Several research firms have recently weighed in on FELP. Zacks Investment Research raised Foresight Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, August 12th. ValuEngine raised Foresight Energy from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

The firm has a market capitalization of $63.46 million, a price-to-earnings ratio of -1.31 and a beta of 0.44. The company has a current ratio of 0.74, a quick ratio of 0.42 and a debt-to-equity ratio of 2.35. The firm has a 50 day moving average price of $0.53 and a two-hundred day moving average price of $1.55.

Foresight Energy (NYSE:FELP) last announced its earnings results on Wednesday, August 7th. The energy company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.13). The company had revenue of $226.92 million for the quarter, compared to analysts’ expectations of $224.20 million. Foresight Energy had a negative net margin of 5.25% and a negative return on equity of 9.95%. As a group, research analysts forecast that Foresight Energy LP will post -0.36 earnings per share for the current year.

An institutional investor recently bought a new position in Foresight Energy stock. Freestone Capital Holdings LLC acquired a new position in shares of Foresight Energy LP (NYSE:FELP) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,087 shares of the energy company’s stock, valued at approximately $27,000. Institutional investors own 0.97% of the company’s stock.

Foresight Energy Company Profile (NYSE:FELP)

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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