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.
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