Forest Oil Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:FST)
Forest Oil (NYSE:FST) has received a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the stock, ARN reports. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $2.94.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Forest Oil in a research note on Monday. They now have a $1.75 price target on the stock.
Forest Oil (NYSE:FST) traded down 1.84% on Tuesday, hitting $1.60. 166,643 shares of the company’s stock traded hands. Forest Oil has a 52-week low of $1.52 and a 52-week high of $6.67. The stock’s 50-day moving average is $1.93 and its 200-day moving average is $2.10. The company has a market cap of $187.8 million and a P/E ratio of 74.09.
Forest Oil (NYSE:FST) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.04. The company had revenue of $60.44 million for the quarter, compared to the consensus estimate of $68.12 million. During the same quarter last year, the company posted $0.06 earnings per share. Forest Oil’s revenue was down 48.3% compared to the same quarter last year. On average, analysts predict that Forest Oil will post $-0.10 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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