Weakness Seen In Forest Oil: Stock Tumbles 17.6% - Tale Of The Tape

Forest Oil Corporation FST saw a big move last session, as the company's shares fell by nearly 18% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for FST, as the stock is now down over 18% since May 30, 2014.

This slump shouldn't be too much of a surprise to investors, as the oil producing company has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

FST currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the oil production and export industry may consider better-ranked stocks like Encana Corporation ECA, Midstates Petroleum Company, Inc. MPO and RSP Permian, Inc. RSPP. All these stocks carry a Zacks Rank #1 (Strong Buy).

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FOREST OIL CORP FST: Free Stock Analysis Report

MIDSTATES PETRO MPO: Free Stock Analysis Report

RSP PERMIAN INC RSPP: Free Stock Analysis Report

ENCANA CORP ECA: Free Stock Analysis Report

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