Positive Media Coverage Somewhat Likely to Impact Forestar Group (FOR) Stock Price
Headlines about Forestar Group (NYSE:FOR) have been trending positive on Tuesday, according to AlphaOne Sentiment Analysis. The research firm, a service of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Forestar Group earned a media sentiment score of 0.37 on AlphaOne’s scale. AlphaOne also assigned news headlines about the oil and gas exploration company an impact score of 59 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Alpha One Sentiment’s rankings:
- SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Forestar Group, Inc. -FOR (finance.yahoo.com)
- FORESTAR GROUP INC.SHAREHOLDER ALERT:Former SEC Attorney Willie Briscoe Investigates Sale to Starwood Capital Group (marketwatch.com)
- FORESTAR GROUP INC. SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe Investigates Sale to Starwood Capital Group (finance.yahoo.com)
- Wolf Popper LLP Investigates the Proposed Acquisition of Forestar Group Inc. by Starwood Capital Group (finance.yahoo.com)
- FORESTAR INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forestar Group, Inc. (finance.yahoo.com)
Shares of Forestar Group (NYSE:FOR) remained flat at $14.20 during trading on Tuesday. The company had a trading volume of 955,628 shares. The company has a market capitalization of $590.95 million, a price-to-earnings ratio of 10.25 and a beta of 1.83. Forestar Group has a one year low of $10.60 and a one year high of $14.40. The stock’s 50-day moving average is $13.41 and its 200 day moving average is $12.76.
Forestar Group (NYSE:FOR) last released its quarterly earnings data on Wednesday, March 1st. The oil and gas exploration company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.15. The firm earned $64.50 million during the quarter, compared to the consensus estimate of $48 million. Forestar Group had a return on equity of 12.38% and a net margin of 3.48%. The firm’s quarterly revenue was down 38.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. Equities research analysts expect that Forestar Group will post $0.50 earnings per share for the current fiscal year.
Several research firms have issued reports on FOR. TheStreet upgraded shares of Forestar Group from a “c+” rating to a “b” rating in a research note on Monday, April 10th. Zacks Investment Research cut shares of Forestar Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 10th.
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About Forestar Group
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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