Foresight Energy LP (FELP) is Reiterated by FBR Capital to Mkt Perform, Lowers Price Target to $ 1.50

Foresight Energy LP (FELP) was Reiterated by FBR Capital to “Mkt Perform” while Lowering the Price Target of the company shares to $ 1.50 from a previous price target of $2 . FBR Capital advised their investors in a research report released on May 12, 2016.

On the company’s financial health, Foresight Energy LP reported $-0.55 EPS for the quarter, missing the analyst consensus estimate by $ -0.60 based on the information available during the earnings call on Mar 15, 2016. Analyst had a consensus of $0.05. The company had revenue of $241.60 million for the quarter, compared to analysts expectations of $235.49 million. The company’s revenue was down -19.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Foresight Energy LP opened for trading at $1.72 and hit $1.75 on the upside on Tuesday, eventually ending the session at $1.73, with a gain of 1.76% or 0.03 points. The heightened volatility saw the trading volume jump to 1,20,845 shares. Company has a market cap of $225 M.

In a different news, on May 12, 2015, Christopher N Moravec (EVP – CCO) sold 1,000 shares at $14.49 per share price. According to the SEC, on Feb 11, 2015, Daniel S Hermann (director) purchased 10,000 shares at $15.99 per share price.

Foresight Energy LP (FELP) is engaged in the mining and marketing of coal from reserves and operations located in the Illinois Basin. The Company controls over three billion tons of coal in the state of Illinois. Its reserves consist principally of 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 Company operates four underground mining complexes in the Illinois Basin: Williamson Energy LLC (Williamson) Sugar Camp Energy LLC (Sugar Camp) Hillsboro Energy LLC (Hillsboro) and Macoupin Energy LLC (Macoupin). Each of the Company’s four mining complexes operates in the Illinois Basin; two are located in Southern Illinois and two are located in Central Illinois. Williamson Sugar Camp and Hillsboro are longwall operations and Macoupin is a continuous miner operation.

Foresight Energy LP

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