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

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

The stock’s 50-day moving average price is $12.13 and its 200 day moving average price is $11.92. The firm’s market cap is $436.65 million.

Forestar Group (NYSE:FOR) last posted its quarterly earnings data on Friday, July 29th. The oil and gas exploration company reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.13. The business earned $46.40 million during the quarter, compared to the consensus estimate of $44.80 million. During the same period in the prior year, the firm earned $0.06 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts predict 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 boosted its position in Forestar Group Inc. (NYSE:FOR) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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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