Societe Generale Cuts Price Target on Forest Oil (FST)
Shares of Forest Oil traded down 3.28% during mid-day trading on Tuesday, hitting $11.49. Forest Oil has a one year low of $8.88 and a one year high of $32.40. The company has a market cap of $1.287 billion and a P/E ratio of 9.98.
The company last announced its quarterly results on Monday, April 30th. It reported $0.11 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.20 EPS by $0.09. On average, analysts predict that Forest Oil will post $0.21 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Forest Oil in a research note to investors on Tuesday, April 24th. They now have a $13.00 price target on the stock. Separately, analysts at Capital One upgraded shares of Forest Oil to a “neutral” rating in a research note to investors on Tuesday, March 6th. Finally, analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of Forest Oil in a research note on Tuesday. They now have an “outperform” rating and a $17.00 price target on the stock.
Forest Oil Corporation (Forest) 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.