Last $18.31 USD
Change Today -0.57 / -3.02%
Volume 261.0K
FOR On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

forestar group inc (FOR) Snapshot

Open
$18.91
Previous Close
$18.88
Day High
$19.04
Day Low
$18.22
52 Week High
11/6/13 - $24.03
52 Week Low
05/7/14 - $16.29
Market Cap
639.3M
Average Volume 10 Days
143.9K
EPS TTM
$0.72
Shares Outstanding
34.9M
EX-Date
--
P/E TM
25.4x
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 secures entitlements and develops infrastructure, primarily for single-family residential and mixed-use communities. It also sells commercial tracts that are ready for construction of buildings for retail, office, industrial, or other commercial uses; 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 130,000 acres of real estate located in 10 states and 14 markets in the United States; has 13 real estate projects representing approximately 26,000 acres in the entitlement process, as well as 74 entitled, developed, or under development projects in 8 states and 12 markets encompassing approximately 13,000 acres. The Oil and Gas segment focuses on the exploration, development, and production of oil and gas on its owned and leasehold mineral interests. This segment leases its mineral interests to third parties for the exploration and production of oil and gas. This segment manages approximately 837,000 net acres of oil and gas mineral interests located in 14 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 117,000 acres of timber; and has approximately 14,000 acres of timber under lease. It is also holds water interests in about 1.5 million acres. The company is headquartered in Austin, Texas.

145 Employees
Last Reported Date: 03/11/14

forestar group inc (FOR) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $672.9K
Chief Financial Officer and Treasurer
Total Annual Compensation: $407.2K
Chief Real Estate Officer
Total Annual Compensation: $478.7K
Chief Oil & Gas Officer
Total Annual Compensation: $453.7K
Executive Vice President of Water Resources
Total Annual Compensation: $346.4K
Compensation as of Fiscal Year 2013.

forestar group inc (FOR) Key Developments

Forestar Group Inc. Reports Unaudited Earnings and Operational Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Production and CapEx Guidance for the Year 2014

Forestar Group Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $83,013,000 against $60,079,000 a year ago. Income before taxes was $22,873,000 against $1,452,000 a year ago. Net income attributable to company was $14,822,000 or $0.34 per basic and diluted share against $541,000 or $0.02 per basic and diluted share a year ago. Net debt at June 30, 2014 was $216,160,000 against $262,509,000 for the same period a year ago. EBITDAX of $22.1 million was up $11.1 million from the second quarter of last year, mostly due to higher DD&A and working interest margin from Bakken/Three Forks investments and asset sales. For the six months, the company reported total revenues of $167,618,000 against $157,550,000 a year ago. Income before taxes was $35,865,000 against $7,396,000 a year ago. Net income attributable to company was $23,156,000 or $0.53 per basic and diluted share against $4,492,000 or $0.13 per basic and diluted share a year ago. Sold interest in 97 gross (6 net) non-core producing oil and gas wells in Oklahoma for a gain of $4.5 million and sold leasehold interests in 223 net mineral acres in North Dakota for a gain of $1.2 million. The company increased total oil production by over 43% compared with second quarter 2013, principally due to working interest investments primarily targeting the Bakken/Three Forks and the Lansing-Kansas City formations. For the quarter, the company sold 537 developed residential lots, up nearly 50% compared with second quarter 2013. The company increased working interest oil production over 65% compared with second quarter 2013, with 31 new gross wells generating initial production. The company expects residential lot sales in 2014 to be in the range of 2,200 - 2,300 lots, up over 20% compared with 2013. The company expects working interest production to increase 30% in the second half of 2014 compared with the first six months of 2014. In addition, the company anticipates 2014 total oil and gas production will exceed 1.2 million BOE (barrel of oil equivalent), a 15% increase compared with 2013 levels. The company expects total CapEx for the year is going to be somewhere around $120 million to $125 million.

Forestar Group Inc. to Report Q2, 2014 Results on Aug 06, 2014

Forestar Group Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 06, 2014

Forestar Group Inc., Q2 2014 Earnings Call, Aug 06, 2014

Forestar Group Inc., Q2 2014 Earnings Call, Aug 06, 2014

 

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Industry Analysis

FOR

Industry Average

Valuation FOR Industry Range
Price/Earnings 17.2x
Price/Sales 1.9x
Price/Book 0.9x
Price/Cash Flow 13.0x
TEV/Sales 0.2x
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