Jefferies Group Gives Hold Rating to Forest Oil (FST)

By admin | 6 years ago

Forest Oil (NYSE: FST)‘s stock had its “hold” rating restated by analysts at Jefferies Group (NYSE: JEF) in a research report issued to clients and investors on Monday.

A number of other firms have also recently commented on FST. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Forest Oil in a research note to investors on Wednesday, May 2nd. Separately, analysts at Societe Generale cut their price target on shares of Forest Oil to $16.50 in a research note to investors on Tuesday, May 1st. Finally, 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.

Forest Oil opened at 10.67 on Monday. Forest Oil has a 1-year low of $8.88 and a 1-year high of $36.70. The company has a market cap of $1.214 billion and a price-to-earnings ratio of 11.54.

Forest Oil last released its earnings data 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. Analysts expect that Forest Oil will post $0.19 EPS 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.

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