FBR & Co. announced Foresight Energy (NYSE:FELP), bumping up its stock price target to $6.00 today
- Updated: November 26, 2016
Boasting a price of $6.68, Foresight Energy (NYSE:FELP) traded -0.20% lower on the day. The last stock close price is up 93.07% from the 200-day moving average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. FELP has recorded a 50-day moving average of $5.72 and a 200-day moving average of $3.43. 20,112 shares of FELP traded hands, down from an average trading volume of 141,283
In a report released on 11/23/2016 FBR & Co. upped the price target of Foresight Energy (NYSE:FELP) from $3.00 to $6.00 stating a potential downside of -0.10%.
With a total market value of $0, Foresight Energy has with a one year low of $1.07 and a one year high of $7.80 .
A total of 2 analysts have released a research note on Foresight Energy. zero analysts rating the company a strong buy, zero analysts rating the company a buy, five analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $7.00.
More About Foresight Energy (NYSE:FELP)
Foresight Energy LP 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 over 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 over four underground mining complexes in the Illinois Basin, including Williamson, which is located in southern Illinois near the town of Marion; Sugar Camp, which is located in southern Illinois approximately 10 miles north of Williamson; Hillsboro, which is located in central Illinois near the town of Hillsboro, and Macoupin, which is located in central Illinois near the town of Carlinville. Williamson, Sugar Camp and Hillsboro are longwall operations, and Macoupin is a continuous miner operation.
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