Forestar Group (FOR) Receiving Somewhat Positive News Coverage, Study Finds
Media stories about Forestar Group (NYSE:FOR) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Forestar Group earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the oil and gas exploration company an impact score of 45.5727442852622 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- U.S. STOCKS ON THE MOVE-Constellation Brands, Netflix, Celgene (timesofindia.indiatimes.com)
- Stakeholders in Austin firm ‘overwhelmingly’ in favor of D.R. Horton’s proposal (bizjournals.com)
- Forestar Group Shareholders Okay D.R. Horton Merger (builderonline.com)
- D.R. Horton and Forestar Announce Final Merger Consideration Election Results (businesswire.com)
- D.R. Horton, Forestar Announce Final Merger Consideration Election Results (nasdaq.com)
Shares of Forestar Group (NYSE:FOR) traded down 2.607% on Friday, reaching $15.875. The company had a trading volume of 230,283 shares. The firm has a market capitalization of $665.70 million, a PE ratio of 9.182 and a beta of 1.84. Forestar Group has a 12 month low of $10.60 and a 12 month high of $17.78. The firm’s 50 day moving average is $17.11 and its 200 day moving average is $15.87.
Separately, BidaskClub downgraded Forestar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th.
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About Forestar Group
Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities.
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