NEW YORK (

TheStreet

) --

Forest Oil Corporation

(NYSE:

FST

) is trading at unusually high volume Tuesday with 5.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $5.35 (-13.7%) at $33.70 as of 2:56 p.m. ET.

Forest Oil has a market cap of $4.4 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 2.8% year to date as of the close of trading on Friday.

Forest Oil Corporation engages in the acquisition, exploration, development, and production of oil, natural gas, and natural liquids primarily in North America. The company has a P/E ratio of 15.8, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 23.2.

TheStreet Ratings rates Forest Oil as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally poor debt management and weak operating cash flow. You can view the full

Forest Oil Ratings Report

.

See all heavy volume stocks in our

stocks moving on unusual volume list

or get investment ideas from our

investment research center

.

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