Forestar Group Inc. (NYSE:FOR)’s share price traded up 2% during mid-day trading on Monday . The stock traded as high as $12.36 and last traded at $12.36, with a volume of 80,088 shares. The stock had previously closed at $12.12.

Separately, Zacks Investment Research cut Forestar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 3rd.

The company’s market capitalization is $423.62 million. The firm has a 50-day moving average price of $12.09 and a 200-day moving average price of $11.82.

Forestar Group (NYSE:FOR) last posted its earnings results on Friday, July 29th. The oil and gas exploration company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.13. The company had revenue of $46.40 million for the quarter, compared to the consensus estimate of $44.80 million. During the same period last year, the company posted $0.06 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts anticipate that Forestar Group Inc. will post $0.56 EPS for the current year.

A hedge fund recently raised its stake in Forestar Group stock. Royce & Associates LLC raised its position in Forestar Group Inc. (NYSE:FOR) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,000 shares of the oil and gas exploration company’s stock after buying an additional 20,000 shares during the period. Royce & Associates LLC owned approximately 0.51% of Forestar Group worth $1,915,000 as of its most recent filing with the SEC.

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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