Forest Oil Corp. (NYSE:FST)‘s stock had its “sell” rating restated by stock analysts at Goldman Sachs Group Inc. in a report issued on Tuesday, American Banking News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Forest Oil Corp. in a research note to investors on Wednesday, November 13th. They now have a $4.50 price target on the stock. Separately, analysts at Credit Suisse cut their price target on shares of Forest Oil Corp. from $5.00 to $4.00 in a research note to investors on Friday, November 8th. They now have an “underperform” rating on the stock. Finally, analysts at Howard Weil cut their price target on shares of Forest Oil Corp. from $8.00 to $5.00 in a research note to investors on Wednesday, November 6th. They now have a “sector perform” rating on the stock. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Forest Oil Corp. presently has an average rating of “Hold” and a consensus target price of $5.64.
Forest Oil Corp. (NYSE:FST) traded down 6.22% on Tuesday, hitting $4.145. The stock had a trading volume of 5,568,312 shares. Forest Oil Corp. has a 1-year low of $3.77 and a 1-year high of $7.44. The stock has a 50-day moving average of $4.68 and a 200-day moving average of $5.01. The company’s market cap is $482.0 million.
Forest Oil Corp. (NYSE:FST) last issued its quarterly 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 $0.20 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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