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Forest Oil Corporation (FST)

- NYSE
FST is defunct.
  • Jul. 30, 2012, 4:51 PM
    Forest Oil (FST): Q2 EPS of $0.06 in-line. Revenue of $135.7M (-27.4% Y/Y) misses by $23M. (PR)
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  • Jul. 10, 2012, 10:47 AM
    Forest Oil (FST -6.5%) slumps after providing announcing Q2 sales volumes and issuing 2H production and capex guidance. 2H net sales volumes are expected to decline 2%-5%, as declining natural gas production offsets increasing crude production. Capex is expected to drop 52%-56% to $190M-$210M, as Forest dials back its Eagle Ford shale investments. RBC is downgrading shares to Sector Perform in response. (PR)
    | 2 Comments
  • Jul. 2, 2012, 1:01 PM
    WPX Energy (WPX -4%) weighs on the energy sector, as Barclays downgrades shares and cuts its price target to $19 from $24. The firm also cuts Devon Energy (DVN) and Forest Oil (FST) to Equal Weight, lowers Ultra Petroleum (UPL), Quicksilver (KWK) and Penn Virginia (PVA) to Underweight, and upgrades Pioneer Natural (PXD) and Concho (CXO) to Overweight.
    | 1 Comment
  • Jul. 2, 2012, 11:51 AM
    Forest Oil (FST -6.8%) is downgraded to Hold from Buy at Stifel Nicolaus, based on concern about FST's ability to turn itself around. The firm sees downside to $5/share, citing high debt levels, meaningful cash flow outspend, downside risk to 2013 estimates and pricing exposure to natural gas liquids absent a sale of the company or a commodity price recovery.
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  • Jun. 22, 2012, 5:51 PM
    Forest Oil (FST +7.7%) shares popped after the E&P firm canned its CEO, but analysts worry it won't last as leadership at two of the three C-level posts is now lacking, and there's even doubt FST can remain an independent company. Finding a buyer for a stake in its Eagle Ford fields is critical in paring debt twice FST's market cap and to help pay for drilling.
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  • Jun. 22, 2012, 11:29 AM
    Forest Oil (FST -0.6%), whose stock price has plunged more than 50% YTD, replaces CEO Craig Clark with long-time board member Patrick McDonald on an interim basis. Canaccord says FST's management changes raise doubt on the company's Eagle Ford sales process and business progression.
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  • Jun. 18, 2012, 3:54 PM
    Raymond James downgrades a litany of big energy stocks, believing crude oil prices will average $65/bbl in 2013 as “oil fundamentals have only gotten worse." E&P names reduced: APA, APC, BPZ, CLR, CXO, DNR, EXXI, PXD, QEP, REN, WLL, GDP, KOG, OXY, PQ, SFY, OAS, SM, NOG, BRY, COP, FST, ROSE.
    | 26 Comments
  • Jun. 6, 2012, 8:48 AM
    Forest Oil (FST) is upgraded to Buy from Hold at Canaccord, which notes the underperforming stock now offers a 50%-plus potential return to its $12 target price. The firm believes FST is close to finalizing an Eagle Ford JV, which it sees as the most productive oil asset in FST's portfolio and leading to a meaningful uplift in share prices. FST +4.2% premarket.
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  • May 4, 2012, 3:24 PM
    If energy producers’ Q1 earnings calls this week are any indication, PE firms can choose from plenty of assets should they continue their shopping spree. Exco's (XCO) JV deal with a PE partner that will own its conventional gas assets could reap $300M, buyers for some of Rex Energy’s (REXX) pipelines could bring $100M, and others - UPL, CRK, FST - also are working on deals.
    | 1 Comment
  • May 1, 2012, 10:03 AM
    Forest Oil (FST -9.9%) shares slump after posting a wider than expected Q1 loss, as lower production and weaker natural gas prices continued to hurt its core results. FST's net loss was $33M, or $0.29/share, vs. a net loss of $3.3M, or $0.03/share, in the year-ago period. Total costs and expenses rose to $190M from $181M a year ago.
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  • Apr. 30, 2012, 4:26 PM
    Forest Oil (FST): FQ4 EPS of $0.11 misses by $0.09. Revenue of $159M (-5% Y/Y) misses by $29M. Shares -7.5% AH. (PR)
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  • Apr. 30, 2012, 12:10 AM
    Notable earnings after Monday's close: APC, CBL, CIM, EEP, EXR, FST, HLFMAS, MCK, MOH, PMCS, SBAC, SPF, SU, VECO, VVUS
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  • Apr. 29, 2012, 5:35 PM
    Notable earnings after Monday's close: APC, CBL, CIM, EEP, EXR, FST, HLF, HOLX, MAS, MCK, MOH, PMCS, SBAC, SPF, SU, VECO, VVUS
    | 4 Comments
  • Feb. 21, 2012, 4:45 PM
    More on Forest Oil (FST): Q4 misses across the board on a 57% drop in net earnings. Overall revenue growth was flat Y/Y, as declining natural gas and natural gas liquids sales volumes and prices offset slightly higher oil sales volumes and prices.
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  • Feb. 21, 2012, 4:22 PM
    Forest Oil (FST): Q4 EPS of $0.18 misses by $0.09. Revenue of $176M (-1.4% Y/Y) misses by $16M. Shares -2.9% AH. (PR)
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  • Feb. 21, 2012, 12:10 AM
    Notable earnings after Tuesday's close: BRCD, CHK, CHSI, CYH, DELL, EXR, FST, HLF, INTU, ITC, KFT, NBR, NFX, POST, PSB, RRC, SHO
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Company Description
Forest Oil Corp is an independent oil and gas company engaged in the acquisition, exploration, development, and production of natural gas and liquids in North America.