NEW YORK ( TheStreet) -- Shares of Forest Oil (NYSE: FST) were gapping up Tuesday morning with an open price 11% higher than Monday's closing price. The stock closed at $8.89 Monday and opened today's trading at $9.87. The average volume for Forest Oil has been 4.4 million shares per day over the past 30 days. Forest Oil has a market cap of $1.6 billion and is part of the basic materials sector and energy industry. Shares are down 76.6% year to date as of the close of trading on Monday. 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 13.7, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7. 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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.