Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Forestar Group (FOR) Share Price
News headlines about Forestar Group (NYSE:FOR) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Forestar Group earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the oil and gas exploration company an impact score of 46.2051022564842 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities research analysts have weighed in on FOR shares. BidaskClub downgraded Forestar Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. TheStreet downgraded Forestar Group from a “b-” rating to a “c+” rating in a report on Friday, May 26th.
Shares of Forestar Group (FOR) opened at 17.20 on Thursday. Forestar Group has a 12-month low of $10.60 and a 12-month high of $17.77. The firm has a market cap of $721.26 million, a P/E ratio of 9.95 and a beta of 1.95. The company’s 50 day moving average price is $17.17 and its 200 day moving average price is $15.05.
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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. 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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