Close

Jefferies Downgrades Forest Oil (FST) to Hold

January 23, 2012 7:19 AM EST
Get Alerts FST Hot Sheet
Price: $10.18 --0%

Rating Summary:
    5 Buy, 13 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
Jefferies downgraded Forest Oil (NYSE: FST) from Buy to Hold with a price target of $13 (down from $17) citing gas prices and lower reserve growth.

The firm said ’11 and ’12 reserve growth assumptions versus their previous 3% and 6% y/y growth estimates account for another $2 NAV reduction.

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 $12.91 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Downgrades

Related Entities

Jefferies & Co