Canaccord Genuity Gives Hold Rating to Forest Oil (FST)

By admin | 7 years ago

Forest Oil (NYSE: FST)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday.

Shares of Forest Oil traded down 4.11% during mid-day trading on Wednesday, hitting $11.075. Forest Oil has a 52 week low of $8.88 and a 52 week high of $31.99. The company has a market cap of $1.241 billion and a P/E ratio of 9.71.

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 $0.19 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale cut their price target on shares of Forest Oil to $16.50 in a research note to investors on Tuesday. Separately, 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. Finally, analysts at Capital One upgraded shares of Forest Oil to a “neutral” rating in a research note to investors on Tuesday, March 6th.

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.

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