Forest Oil (FST) Posts Quarterly Earnings, Misses Expectations By $0.04 EPS
Forest Oil (NYSE:FST) issued its quarterly earnings data on Monday. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.04, StockRatingsNetwork reports. The company had revenue of $60.44 million for the quarter, compared to the consensus estimate of $68.12 million.
Shares of Forest Oil (NYSE:FST) traded up 0.50% on Monday, hitting $2.00. 1,426,778 shares of the company’s stock traded hands. Forest Oil has a one year low of $1.68 and a one year high of $6.67. The stock’s 50-day moving average is $2.20 and its 200-day moving average is $2.27. The company has a market cap of $233.7 million and a price-to-earnings ratio of 1.95.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs raised their price target on shares of Forest Oil from $1.75 to $2.00 in a research note on Wednesday, May 28th. Analysts at BMO Capital Markets raised their price target on shares of Forest Oil from $1.00 to $3.00 in a research note on Wednesday, May 14th. They now have a “market perform” rating on the stock. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Forest Oil has a consensus rating of “Hold” and an average price target of $3.05.
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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