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Somewhat Favorable News Coverage Somewhat Unlikely to Impact Foresight Energy Share Price

 

 

By Linda Martinez


September 2, 2018 - News articles about Foresight Energy (NYSE:FELP) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Foresight Energy earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 49.3089013100424 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.


FELP has been the topic of a number of analyst reports. ValuEngine raised shares of Foresight Energy from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Zacks Investment Research raised shares of Foresight Energy from a “strong sell” rating to a “hold” rating in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.75.

 


Shares of NYSE FELP traded up $0.02 during midday trading on Friday, reaching $3.78. 6,585 shares of the stock were exchanged, compared to its average volume of 10,757. Foresight Energy has a twelve month low of $3.28 and a twelve month high of $4.72. The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 1.98.

 

Foresight Energy (NYSE:FELP) last released its quarterly earnings results on Friday, August 3rd. The energy company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). Foresight Energy had a negative net margin of 8.83% and a negative return on equity of 7.17%. The company had revenue of $271.42 million during the quarter, compared to analyst estimates of $250.80 million. equities analysts predict that Foresight Energy will post -0.37 EPS for the current fiscal year.


The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Tuesday, August 21st were paid a $0.0565 dividend. The ex-dividend date was Monday, August 20th. This represents a $0.23 dividend on an annualized basis and a yield of 5.98%.