Arrow Investment Advisors LLC Raises Stake in Foresight Energy LP (FELP)

Arrow Investment Advisors LLC boosted its position in Foresight Energy LP (NYSE:FELP) by 187.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 585,560 shares of the company’s stock after buying an additional 382,000 shares during the period. Arrow Investment Advisors LLC’s holdings in Foresight Energy were worth $913,000 at the end of the most recent reporting period.

Foresight Energy LP (NYSE:FELP) traded up 5.00% during trading on Monday, reaching $3.99. The company had a trading volume of 199,279 shares. The stock has a 50 day moving average price of $3.91 and a 200-day moving average price of $2.32. Foresight Energy LP has a 52-week low of $1.07 and a 52-week high of $8.76. The company’s market capitalization is $522.89 million.

Foresight Energy (NYSE:FELP) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.15. The company earned $226 million during the quarter, compared to analyst estimates of $201.10 million. Foresight Energy had a negative net margin of 8.59% and a negative return on equity of 272.74%. On average, equities research analysts anticipate that Foresight Energy LP will post ($0.69) earnings per share for the current fiscal year.

A number of analysts have recently weighed in on FELP shares. Zacks Investment Research lowered Foresight Energy from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 26th. FBR & Co set a $2.00 price objective on Foresight Energy and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Foresight Energy presently has a consensus rating of “Hold” and an average target price of $4.43.

About Foresight Energy

Foresight Energy LP (FELP) 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 three contiguous blocks of high heat content (high Btu) thermal coal, which are used for longwall operations.

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