NEW YORK ( TheStreet) -- Forest Oil (NYSE: FST) hit a new 52-week low Thursday as it is currently trading at $6.57, below its previous 52-week low of $6.60 with 2.2 million shares traded as of 12:15 p.m. ET. Average volume has been 3.8 million shares over the past 30 days. Forest Oil has a market cap of $829.1 million and is part of the basic materials sector and energy industry. Shares are down 48% year to date as of the close of trading on Wednesday. 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 in the United States. The company has a P/E ratio of 10.8, above the average energy industry P/E ratio of 7.6 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 reasonable valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income. You can view the full Forest Oil Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.