Boston, MA 10\/07\/2013 (wallstreetpr) \u2013 Forest Oil Corporation (NYSE:FST)<\/b> has a \u201cneutral\u201d rating from Zacks, the latest in its ratings. This latest rating is Zacks\u2019 reiteration on the stock and it comes with a price objective of $6.75. This price objective indicates an approximate 6.30% potential upside from the prevailing price.<\/p>\n
Although analysts at Zacks are convinced that the oil company has good standing, it is exposed to some volatile natural gas hiccups which could slow its stellar performance.<\/p>\n
Besides Zacks\u2019 latest rating on the stock, several other rating agencies have echoed their sentiments on FST. In a rating report release Tuesday last week, Societe Generale downgraded FST to \u201chold\u201d down from the previous \u201cbuy\u201d. Analysts at Societe Generale have $7 price objective on the stock. In the previous rating by the firm, they assigned FST $9 in price target.<\/p>\n
Sentiments over FST have also come from Stifel Nicolaus who downgraded the stock in their Sept 23, rating report. The analysts now have a \u201chold\u201d rating on the stock, down from the previous \u201cbuy\u201d rating.<\/p>\n
Separately, Morgan Stanley has an \u201cequal weight\u201d rating on the stock, up from the previous \u201cunderweight\u201d rating. The rating report was released on July 18. The Stanley now has a price target of 46 on the stock, down from $7 in the previous research note to investors.<\/p>\n
This far, at least 12 analyst have issued their rating on FST, out of which one holds a \u201csell\u201d rating on the stock, and another one analysts has a \u201cbuy\u201d rating on the stock. And 10 analysts have assigned FST a \u201chold\u201d rating. In view of the above, FST has a consensus rating of \u201chold\u201d and a consensus price objective of $7.09.<\/p>\n
The independent gas and oil company released its last quarterly earnings report August 6, in which in realized $0.06 per share earning against the consensus estimate of $0.02. In similar quarter in the trailing year, FST noted $0.06 EPS. Analysts expect the company to realize $0.29 EPS this fiscal year.<\/p>\n
On the revenue side, the oil and gas company recorded $116.81 million in the last quarter, but missed the consensus revenue estimate of $120.13 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 10\/07\/2013 (wallstreetpr) \u2013 Forest Oil Corporation (NYSE:FST) has a \u201cneutral\u201d rating from Zacks, the latest in its ratings. This latest rating is Zacks\u2019 […]<\/p>\n","protected":false},"author":32,"featured_media":9676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3283,3284],"stock_ticker":[],"class_list":["post-9675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-forest-oil-corporation-nysefst","tag-nysefst","entry"],"acf":[],"yoast_head":"\n