Barclays Maintains an 'Equalweight' on Forest Oil (FST); Shifting Estimates

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Barclays maintains an 'Equalweight' on Forest Oil (NYSE: FST) price target of $8.00.

Analyst, Jeffrey W. Robertson, said that despite a fire at a gas processing facility which partially caused Q2 production to finish below expectations, estimates still need to be adjusted. For FY12, EPS estimate is lowered from $0.25 to $0.15, FY13 EPS estimate is raised from $0.25 to $0.40 and FY14 from $0.05 to $0.50.

For an analyst ratings summary and ratings history on Forest Oil click here. For more ratings news on Forest Oil click here.

Shares of Forest Oil closed at $6.15 yesterday, with a 52 week range of $6.12-$27.18.

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