Forest Oil Corp. Coverage Initiated at Barclays (FST)
Investment analysts at Barclays initiated coverage on shares of Forest Oil Corp. (NYSE:FST) in a note issued to investors on Monday, AnalystRatingsNetwork.com reports. The firm set an “underweight” rating and a $3.00 price target on the stock. Barclays’ price target indicates a potential downside of 0.33% from the company’s current price.
FST has been the subject of a number of other recent research reports. Analysts at Socgen reiterated a “hold” rating on shares of Forest Oil Corp. in a research note to investors on Tuesday, January 14th. 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. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Forest Oil Corp. currently has a consensus rating of “Hold” and an average price target of $4.83.
Forest Oil Corp. (NYSE:FST) traded down 1.31% during mid-day trading on Monday, hitting $3.01. The stock had a trading volume of 5,442,356 shares. Forest Oil Corp. has a 1-year low of $2.88 and a 1-year high of $7.24. The stock’s 50-day moving average is $3.48 and its 200-day moving average is $4.73. The company’s market cap is $350.0 million.
Forest Oil Corp. (NYSE:FST) last released its earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, missing the analysts’ 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. Analysts expect that Forest Oil Corp. will post $0.18 EPS 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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