Stifel Downgrades Foresight Energy (FELP) to Hold
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BB&T Capital Downgrades Foresight Energy (FELP) to Hold
October 29, 2015 2:46 PM EDTBB&T Capital earlier downgraded Foresight Energy (NYSE: FELP) from Buy to Hold and removed its price target (prior $12.00).
For an analyst ratings summary and ratings history on Foresight Energy click here. For more ratings news on Foresight Energy click here.
Shares of Foresight Energy closed at $6.88 yesterday.
... MoreForesight Energy LP (FELP) Misses Q3 EPS by 9c; Trims Qtr. Distribution; CFO Martinez Resigns
October 29, 2015 8:35 AM EDTForesight Energy LP (NYSE: FELP) reported Q3 EPS of $0.06, $0.09 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $253.1 million versus the consensus estimate of $282.07 million.
The third quarter was significant for Foresight as we realized Adjusted EBITDA of $91.1 million in this very difficult coal environment," said Robert D. Moore, Foresights President and Chief Executive Officer. "We continue to make progress on the integration of Foresight and Murrays operations and are evaluating additional synergy opportunities. Further, during the quarter we were able to increase our 2016 committed position to 19.5 million... More
