NEW YORK (

TheStreet

) --

Forest Oil Corporation

(NYSE:

FST

) hit a new 52-week low Monday as it is currently trading at $18.15, below its previous 52-week low of $18.28 with 1.1 million shares traded as of 11:57 a.m. ET. Average volume has been 3.9 million shares over the past 30 days.

Forest Oil has a market cap of $2.2 billion and is part of the

basic materials

sector and

energy

industry. Shares are down 50.6% year to date as of the close of trading on Friday.

Forest Oil Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids primarily in North America. The company has a P/E ratio of 18.3, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Forest Oil as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and disappointing return on equity. You can view the full

Forest Oil Ratings Report

.

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