Jefferies Downgrades Forest Oil (FST) to Hold
Tweet
Share
E-mailGet Alerts FST Hot Sheet
Price: $10.18 --0%
Rating Summary:
5 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
Rating Summary:
5 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 5 | New: 17
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.
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
- JPMorgan Downgrades Limbach Holdings (LMB) to Underweight
- JPMorgan Downgrades Bowman Consulting Group Ltd. (BWMN) to Underweight
- Goldman Sachs Downgrades Kuaishou Technology (1024:HK) to Neutral
Create E-mail Alert Related Categories
DowngradesRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
