Forest Oil Corp. Hits New 12-Month Low at $2.85 (FST)
Forest Oil Corp. (NYSE:FST)’s share price hit a new 52-week low during trading on Monday , Stock Ratings Network reports. The stock traded as low as $2.85 and last traded at $2.86, with a volume of 1,690,848 shares traded. The stock had previously closed at $2.92.
A number of analysts have recently weighed in on FST shares. Analysts at Barclays initiated coverage on shares of Forest Oil Corp. in a research note to investors on Monday, February 3rd. They set an “underweight” rating and a $3.00 price target on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.83.
The stock’s 50-day moving average is $3.3 and its 200-day moving average is $4.65. The company’s market cap is $334.9 million.
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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