Cap One Southco Raises Forest Oil to Strong buy (FST)

By admin | 6 years ago

Forest Oil (NYSE: FST) was upgraded by equities researchers at Cap One Southco from an “add” rating to a “strong buy” rating in a report issued on Friday.

Shares of Forest Oil traded down 0.45% during mid-day trading on Friday, hitting $7.765. Forest Oil has a 52 week low of $7.78 and a 52 week high of $29.36. The company has a market cap of $891.1 million and a P/E ratio of 8.45.

Forest Oil last announced its earnings results on Monday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.09. On average, analysts predict that Forest Oil will post $0.14 earnings per share next quarter.

A number of other firms have also recently commented on FST. Analysts at Capital One upgraded shares of Forest Oil to a “strong-buy” rating in a research note to investors on Wednesday, May 30th. Separately, analysts at Raymond James (NYSE: RJF) downgraded shares of Forest Oil from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, May 17th. Finally, analysts at Jefferies Group (NYSE: JEF) reiterated a “hold” rating on shares of Forest Oil in a research note to investors on Monday, May 7th.

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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