Foresight Energy LP (NYSE:FELP) Short Interest Update

Foresight Energy LP (NYSE:FELP) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 136,100 shares, a decrease of 20.2% from the May 30th total of 170,600 shares. Based on an average trading volume of 123,800 shares, the short-interest ratio is currently 1.1 days. Approximately 0.5% of the shares of the stock are sold short.

A number of brokerages recently weighed in on FELP. ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research raised Gerdau from a “sell” rating to a “hold” rating in a report on Monday, May 13th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FELP. Citigroup Inc. lifted its position in Foresight Energy by 14.7% during the fourth quarter. Citigroup Inc. now owns 131,320 shares of the energy company’s stock worth $460,000 after buying an additional 16,782 shares during the period. Bank of America Corp DE lifted its position in Foresight Energy by 0.7% during the fourth quarter. Bank of America Corp DE now owns 659,926 shares of the energy company’s stock worth $2,310,000 after buying an additional 4,300 shares during the period. Finally, Freestone Capital Holdings LLC purchased a new position in Foresight Energy during the first quarter worth about $27,000. Hedge funds and other institutional investors own 0.88% of the company’s stock.

FELP stock traded up $0.01 on Friday, reaching $0.68. 32,907 shares of the company’s stock were exchanged, compared to its average volume of 84,880. The company has a fifty day moving average of $0.79. Foresight Energy has a twelve month low of $0.60 and a twelve month high of $4.05. The company has a market cap of $99.21 million, a price-to-earnings ratio of -2.13 and a beta of 0.47. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.37 and a current ratio of 0.59.

Foresight Energy (NYSE:FELP) last posted its earnings results on Wednesday, May 8th. The energy company reported ($0.09) earnings per share for the quarter. The firm had revenue of $269.07 million during the quarter, compared to analyst estimates of $253.30 million. Foresight Energy had a negative net margin of 4.65% and a negative return on equity of 8.88%. On average, equities research analysts forecast that Foresight Energy will post -0.44 EPS for the current fiscal year.

About Foresight Energy

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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