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Stock Market & Financial Investment News

News Breaks
February 13, 2013
17:27 EDTFORForestar Group reports Q4 EPS 29c ex-items, consensus 9c
Reports Q4 revenue $68.58M, consensus $43.47M.
News For FOR From The Last 14 Days
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January 29, 2015
08:36 EDTFORForestar sees Q4 oil & gas segment operating loss vs. prior break-even view
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08:34 EDTFORForestar Group sees cutting oil & gas operating expenses 50% in 2015
Forestar Group announced cost and capital reductions and updated Q4 earnings guidance related to its oil and gas segment. Prior to completion of the previously-announced review of strategic alternatives, including a review of the oil and gas business, the company has implemented a number of initiatives to significantly reduce oil and gas operating costs and capital expenditures. As a result, 2015 oil and gas operating expenses are expected to be reduced by approximately 50% compared with 2014, principally driven by closure of the company’s office in Fort Worth, Texas. Furthermore, the company expects 2015 oil and gas capital investments to be principally for completing existing wells and down over 70% compared with approximately $111M invested in 2014.
January 21, 2015
10:01 EDTFOROn The Fly: Analyst Downgrade Summary
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09:15 EDTFORForestar Group downgraded at JMP Securities
As noted earlier, JMP Securities downgraded Forestar to Market Perform from Outperform. The firm downgraded the stock based on the impact of lower oil prices on the company's value, and the risk presented by its Texas real estate holdings.
06:24 EDTFORForestar Group downgraded to Market Perform from Outperform at JMP Securities
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