Aug 2, 2011
Forest Oil (NYSE:FST) reported Q2 EPS of $0.36, ahead of consensus estimates of $0.30 per share. Revenues rose 14.4% year-over-year to $238.1 million, topping consensus estimates of $224.8 million.
Forest Oil has a potential upside of 22.5% based on a current price of $26.4 and an average consensus analyst price target of $32.33.
Forest Oil is currently below its 50-day moving average (MA) of $26.72 and below its 200-day MA of $33.15.
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