Foresight Energy Gets a Hold Rating from FBR Capital

By Austin Angelo

In a report released today, Lucas Pipes from FBR Capital reiterated a Hold rating on Foresight Energy (NYSE: FELP), with a price target of $4. The company’s shares closed last Friday at $5.23.

According to, Pipes is a 4-star analyst with an average return of 5.4% and a 54.9% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Stillwater Mining Company, and Westmoreland Coal Company.

Foresight Energy has an analyst consensus of Hold, with a price target consensus of $4.

Based on Foresight Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $230 million and GAAP net loss of $111 million. In comparison, last year the company earned revenue of $166 million and had a GAAP net loss of $41.7 million.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock.

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Foresight Energy LP engages in the production and supply of thermal coal, with focus on operating and developing productive underground mines in the Illinois basin. The company specializes in the operation and development of mining complexes with long wall mining systems. It invests in the development of and access to logistics and multiple rail carriers as well as other modes of transportation such as river barge and trucks. Foresight Energy was founded on January 26, 2006 and is headquartered in St. Louis, MO.