Forestar Group Inc. (NYSE:FOR)’s share price was down 4.1% during mid-day trading on Thursday . The stock traded as low as $11.84 and last traded at $11.86, with a volume of 173,610 shares trading hands. The stock had previously closed at $12.37.

Separately, Zacks Investment Research lowered shares of Forestar Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 16th.

The firm’s market cap is $419.16 million. The stock’s 50-day moving average is $12.19 and its 200 day moving average is $11.43.

Forestar Group (NYSE:FOR) last announced its quarterly earnings data on Tuesday, May 10th. The oil and gas exploration company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.16. The company had revenue of $41.90 million for the quarter, compared to the consensus estimate of $54.94 million. Forestar Group’s revenue was down 12.3% on a year-over-year basis. On average, equities research analysts predict that Forestar Group Inc. will post $0.48 EPS for the current year.

Several hedge funds have recently bought and sold shares of FOR. Dimensional Fund Advisors LP boosted its stake in Forestar Group by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,752,009 shares of the oil and gas exploration company’s stock valued at $19,167,000 after buying an additional 23,521 shares during the period. Royce & Associates LLC boosted its stake in Forestar Group by 12.9% in the fourth quarter. Royce & Associates LLC now owns 175,000 shares of the oil and gas exploration company’s stock valued at $1,915,000 after buying an additional 20,000 shares during the period. Finally, I.G. Investment Management LTD. boosted its stake in Forestar Group by 3.2% in the fourth quarter. I.G. Investment Management LTD. now owns 94,014 shares of the oil and gas exploration company’s stock valued at $1,029,000 after buying an additional 2,881 shares during the period.

Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties.

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