Forest Oil Corporation (FST) in Focus: Stock Rises 40.5%

Zacks Equity Research

Wed, Oct 22, 2014, 7:55 AM

Forest Oil Corporation (FST) was a big mover last session, as the company saw its shares rise over 40% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $0.69 to $1.23 since Sep 25.

The company has seen one negative revision in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s jump lasts.

Forest Oil currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

However, better-ranked stocks in the oil-US export and production industry include Cobalt International Energy, Inc. (CIE), Black Ridge Oil & Gas, Inc (ANFC) and Halcon Resources Corp. (HK). While Cobalt International Energy sports a Zacks Rank #1 (Strong Buy), Black Ridge and Halcon Resources have a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

FOREST OIL CORP (FST): Free Stock Analysis Report

HALCON RESOURCES CORP (HK): Free Stock Analysis Report

COBALT INTERNATIONAL ENERGY INC (CIE): Free Stock Analysis Report

BLACK RIDGE OIL GAS (ANFC): Free Stock Analysis Report

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Forest Oil Corporation (FST) in Focus: Stock Rises 40.5%

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