Forum Energy Technologies (FET) Receives Analyst Rating

Forum Energy Technologies (FET) : Zacks Investment Research ranks Forum Energy Technologies (FET) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 2.08, which indicates as a Buy.

Forum Energy Technologies (FET) : 12 investment research analysts covering Forum Energy Technologies (FET) have an average price target of $18.38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $23 and the lowest target is $12 for the short term. Analysts expect the variance to be within $2.98 of the average price.


Also, Brokerage firm Citigroup maintains its rating on Forum Energy Technologies (NYSE:FET). As per the latest information, the brokerage house raises the price target to $18 per share from a prior target of $16. The shares have been rated Neutral. The rating by the firm was issued on September 2, 2016.

Forum Energy Technologies (NYSE:FET): The stock was completely flat for the day, closing at $17.26 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $17.12, the stock touched an intraday high of $17.52 and a low of $16.96. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $17.26. The total trading volume on Thursday was 817,280.

Forum Energy Technologies, Inc. is an oilfield products company. The Company designs, manufactures and distributes products and engages in aftermarket services, parts supply and related services. Its product offering includes a mix of engineered capital products and replaced items that are used in the exploration, development, production and transportation of oil and natural gas. Its capital products are targeted at drilling rig equipment for rigs, upgrades and refurbishment projects; subsea construction and development projects; the placement of production equipment on producing wells, and downstream capital projects. Its engineered systems are components used on drilling rigs or in the course of subsea operations, while its consumable products are used to maintain operations at well sites in the well construction process, within the supporting infrastructure and at processing centers and refineries. Its segments are Drilling & Subsea and Production & Infrastructure.

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