FBR & Co. disclosed Foresight Energy (NYSE:FELP), boosting its price target to $3.00 earlier today
- Updated: October 12, 2016
Having a price of $4.58, Foresight Energy (NYSE:FELP) traded 6.02% higher on the day. With the last stock price up 85.21% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FELP has recorded a 50-day average of $4.11 and a two hundred day average of $2.47. Trade Volume was down over the average, with 69,325 shares of FELP changing hands under the typical 139,119
Reporting a potential downside of -0.34%, FBR & Co. upped the price target of Foresight Energy (NYSE:FELP) to $3.00
On Thursday May 12, 2016, FBR Capital released a statement about Foresight Energy (NYSE:FELP) dropped the target price from $2.00 to $1.50 that suggested a downside of -0.05%.
Recent Performance Chart
Foresight Energy has with a one year low of $1.07 and a one year high of $8.76 and has a market capitalization of $0.
A total of 2 brokerages have issued a ratings update on Foresight Energy. zero brokerages rating the company a strong buy, zero brokerages rating the company a buy, five brokerages rating the company a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $7.00.
General Company Details For 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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