Forestar Group (NYSE:FOR) Receiving Somewhat Positive Media Coverage, Study Finds
News coverage about Forestar Group (NYSE:FOR) has trended somewhat positive on Monday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Forestar Group earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the oil and gas exploration company an impact score of 46.7976200518942 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Forestar Group (NYSE FOR) traded up 0.88% on Monday, hitting $17.25. 326,146 shares of the company’s stock traded hands. The stock has a market cap of $722.03 million, a P/E ratio of 8.30 and a beta of 1.95. The stock has a 50 day moving average price of $17.04 and a 200-day moving average price of $14.55. Forestar Group has a 12 month low of $10.60 and a 12 month high of $17.77.
Several research analysts have commented on the stock. BidaskClub downgraded shares of Forestar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. TheStreet downgraded shares of Forestar Group from a “b-” rating to a “c+” rating in a research note on Friday, May 26th.
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Forestar Group Company Profile
Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities.
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