Forest Oil Corp. Rating Reiterated by Socgen (FST)
Forest Oil Corp. (NYSE:FST)‘s stock had its “hold” rating restated by analysts at Socgen in a research report issued to clients and investors on Tuesday, Analyst Ratings News reports. They currently have a $4.00 price objective on the stock, down from their previous price objective of $7.00. Socgen’s price target indicates a potential upside of 17.30% from the company’s current price.
Shares of Forest Oil Corp. (NYSE:FST) traded down 0.87% during mid-day trading on Tuesday, hitting $3.41. The stock had a trading volume of 2,987,098 shares. Forest Oil Corp. has a 52-week low of $3.36 and a 52-week high of $7.40. The stock has a 50-day moving average of $3. and a 200-day moving average of $4.85. The company’s market cap is $396.5 million.
Forest Oil Corp. (NYSE:FST) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.03. The company had revenue of $118.19 million for the quarter, compared to the consensus estimate of $132.42 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down 24.3% on a year-over-year basis. Analysts expect that Forest Oil Corp. will post $0.19 EPS for the current fiscal year.
A number of other firms have also recently commented on FST. Analysts at Robert W. Baird downgraded shares of Forest Oil Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 17th. They now have a $4.00 price target on the stock, down previously from $7.00. Separately, analysts at Macquarie downgraded shares of Forest Oil Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, December 5th. They now have a $3.75 price target on the stock, down previously from $5.00. Finally, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of Forest Oil Corp. in a research note to investors on Tuesday, December 3rd. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. Forest Oil Corp. presently has a consensus rating of “Hold” and a consensus target price of $5.13.
Forest Oil Corporation (NYSE:FST) is an independent oil and gas company engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in North America.
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