Forest Oil Corp. Sets New 1-Year Low at $3.33 (FST)
Forest Oil Corp. (NYSE:FST) set a new 52-week low on Wednesday, American Banking and Market News reports. The company traded as low as $3.33 and last traded at $3.33, with a volume of 1,559,739 shares. The stock had previously closed at $3.41.
A number of analysts have recently weighed in on FST shares. Analysts at Socgen reiterated a “hold” rating on shares of Forest Oil Corp. in a research note to investors on Tuesday. They now have a $4.00 price target on the stock, down previously from $7.00. Separately, 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. Finally, 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. Four equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $5.13.
Forest Oil Corp. has a 1-year low of $3.36 and a 1-year high of $7.40. The stock’s 50-day moving average is $3.75 and its 200-day moving average is $4.85. The company’s market cap is $389.5 million.
Forest Oil Corp. (NYSE:FST) last released its earnings data on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 24.3% on a year-over-year basis. On average, analysts predict that Forest Oil Corp. will post $0.19 earnings per share for the current fiscal year.
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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