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Last $13.27 USD
Change Today +0.09 / 0.68%
Volume 282.3K
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

forestar group inc (FOR) Snapshot

Open
$13.23
Previous Close
$13.18
Day High
$13.45
Day Low
$13.13
52 Week High
08/8/14 - $20.33
52 Week Low
01/30/15 - $12.91
Market Cap
446.1M
Average Volume 10 Days
303.4K
EPS TTM
$-0.33
Shares Outstanding
33.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FORESTAR GROUP INC (FOR)

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forestar group inc (FOR) Details

Forestar Group Inc. operates as a real estate, and oil and gas company in the United States. It operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. The Real Estate segment engages in the acquisition, entitlement, development, and sale of real estate, primarily residential and mixed-use communities. It also sells commercial tracts; residential lots primarily to homebuilders; and undeveloped land through its retail sales programs, as well as operates income producing properties, such as a hotel and multifamily properties. This segment owns, directly or through ventures, approximately 113,000 acres of real estate located in 10 states and 13 markets in the United States; has 11 real estate projects representing approximately 24,000 acres in the entitlement process, as well as 75 entitled, developed, or under development projects in 8 states and 13 markets encompassing approximately 12,000 acres. The Oil and Gas segment focuses on the exploration, development, and production of oil and gas on its owned and leasehold mineral interests. It leases its mineral interests to third parties for the exploration and production of oil and gas. This segment has approximately 960,000 net acres of oil and gas mineral interests located in 16 states in the continental United States. The Other Natural Resources segment sells wood fiber from portions of its land primarily in Georgia; and leases land for recreational uses. This segment, directly or through ventures, owns approximately 102,000 acres of timber. It also holds water interests in about 1.5 million acres. The company is headquartered in Austin, Texas.

150 Employees
Last Reported Date: 03/6/15

forestar group inc (FOR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $591.7K
Chief Financial Officer and Treasurer
Total Annual Compensation: $448.3K
Chief Real Estate Officer
Total Annual Compensation: $370.8K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $340.0K
Executive Vice President of Water Resources
Total Annual Compensation: $310.0K
Compensation as of Fiscal Year 2014.

forestar group inc (FOR) Key Developments

Forestar Group Inc. Approves Amendments to the Amended and Restated Certificate of Incorporation

Forestar Group Inc. approved amendments to the company's amended and restated certificate of incorporation to declassify the board of directors, at the annual meeting of stockholders held on May 12, 2015.

Forestar Eyes Acquisitions

Forestar Group Inc. (NYSE:FOR) is looking for acquisition opportunities. "The comprehensive and thorough strategic review of our business was driven by our commitment to enhance shareholder value by increasing the Company's focus and capital investments in real estate. Since becoming a public company in 2007, real estate has been the foundation of our business. We have generated significant value through entitlement and development of exceptional communities. Going forward, we will continue to actively acquire and develop residential and mixed-use communities," Jim DeCosmo, President and Chief Executive Officer of Forestar, said.

Forestar Group Inc. Reports Unaudited Earnings Results for the First Quarter of 2015; Provides Sales Guidance for the Year 2015

Forestar Group Inc. reported unaudited earnings results for the first quarter of 2015. For the quarter, the company reported net loss attributable to the company was $8,158,000 or $0.24 per diluted share on total revenue of $47,805,000 against net income attributable to the company of $8,334,000 or $0.19 per diluted share on total revenue of $84,605,000 a year ago. Loss before taxes was $12,517,000 compared to Income before taxes of $12,992,000 a year ago. Net debt was $308,151,000 against $197,433,000 a year ago. The first quarter operating results were adversely impacted principally by timing of real estate sales activity and lower commodity prices. The company provided sales guidance for the year 2015. The company anticipates residential lot sales in 2015 to be in the range of 1,800 - 1,900 lots, with average lot margins up over 2014.

 

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FOR Competitors

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Company Last Change
Approach Resources Inc $6.09 USD -0.09
AV Homes Inc $14.34 USD -0.36
Contango Oil & Gas Co $12.07 USD +0.11
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Resolute Energy Corp $0.85 USD -0.02
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Industry Analysis

FOR

Industry Average

Valuation FOR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.7x
Price/Book 0.6x
Price/Cash Flow 13.9x
TEV/Sales NM Not Meaningful
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