FBR lowers Foresight price target after Q1’17 earnings miss

摘要

FBR & Co. lowered its price target for Foresight Energy LP from $6 per share to $4 per share after the coal producer reported a net loss of $111.2 million in the first quarter of 2017 and EBITDA of $64 million, missing the consensus estimate of $81 million. Analyst Lucas Pipes blamed the miss primarily on realized coal pricing. Foresight had a realized price of $43.12 this quarter, down substantially from $48.46 last quarter.