Trading volume for Foresight Energy LP was 2,624 by the end of trading on Tuesday. Trading volume was down 90.90% under the stocks average daily volume.
Traders are feeling more bearish on shares of Foresight Energy LP of late if you take note of the rise in short interest. The stock recorded a rise in short interest of 12.02% between October 13, 2017 and October 31, 2017. Short interest increased 15,051 over that period. With short interest at 140,311 and short average daily volume at 28,036, the short-interest ratio is 5.0 and the short interest percentage is 0.00% as of October 31.
Here are a few substantial investment firms who have updated their positions. As of quarter end Citadel Advisors LLC had disposed of a total of 190 shares trimming its stake by 1.4%. The value of the company’s investment in Foresight Energy LP went from $15,000 to $65,000 increasing 333.3% for the reporting period. As of the end of the quarter Principal Financial Group Inc had sold 515 shares trimming its position 4.0%. The value of the total investment in Foresight Energy LP decreased from $62,000 to $52,000 a change of $10,000 quarter over quarter.
BNP Paribas Arbitrage, SA grew its stake by buying 57,397 shares an increase of 5,739,700.0% as of 09/30/2017. BNP Paribas Arbitrage, SA owns 57,398 shares worth $242,794,000. The value of the position overall is up by 4,855,780.0%. As of the end of the quarter Advisor Group, Inc. had acquired 112 shares growing its holdings by 1.6%. The value of the investment in FELP went from $0 to $30,000 a change of inf% quarter to quarter.
On October 29 Stifel Nicolaus held the company rating at “Hold” targeting a price of $5.50. Stifel Nicolaus lowered the price target of the stock on August 16 changing the forecast from $6.50 to $5.50 and stated a “Hold” rating.
FBR & Co updated coverage of FELP and giving a rating of “Hold” and projecting a price target of $5.00.
In the market the company is trading down by 6.68% since yesterday’s close of 4.34. The most current P/E ratio is N/A and market cap is 577.53M. In the latest earnings report the EPS was $-1.70 with 142.60M shares now outstanding.
Foresight Energy LP (FELP), launched on January 26, 2012, is involved in the mining and marketing of coal from reserves and operations located in the Illinois Basin. As of December 31, 2016, the Company controlled 2.1 billion tons of coal in the state of Illinois. Its reserves consist principally of three contiguous blocks of uniform, thick, high heat content (high Btu) thermal coal, which are used for longwall operations. The Company operates four underground mining complexes in the Illinois Basin, including Williamson, Sugar Camp, Hillsboro and Macoupin. Its mining complexes operate in the Illinois Basin with approximately two located in Southern Illinois and over two located in Central Illinois. Williamson, Sugar Camp and Hillsboro are longwall operations, and Macoupin is a continuous miner operation. The Company markets and sells its coal to electric utility and industrial companies in the eastern half of the United States as well as internationally (primarily into Europe). The Company sells a majority of its coal to customers at delivery points other than its mines, including, but not limited to, its river terminals on the Ohio River and ports near New Orleans..Advertisement