Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Forest Oil in a research note to investors on Wednesday, May 2nd.
Forest Oil traded down 1.07% on Wednesday, hitting $8.29. Forest Oil has a 1-year low of $8.88 and a 1-year high of $30.52. The company has a market cap of $951.4 million and a price-to-earnings ratio of 9.08.
Forest Oil last issued its quarterly earnings data on Monday, April 30th. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.20 by $0.09. On average, analysts predict that Forest Oil will post $0.14 earnings per share next quarter.
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.