A number of firms have modified their ratings and price targets on shares of Forum Energy Technologies (NYSE: FET) recently:

  • 9/18/2018 – Forum Energy Technologies is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $13.00 price target on the stock.
  • 9/17/2018 – Forum Energy Technologies had its price target raised by analysts at JPMorgan Chase & Co. from $12.00 to $13.00. They now have a “neutral” rating on the stock.
  • 9/17/2018 – Forum Energy Technologies was downgraded by analysts at Johnson Rice from a “buy” rating to an “accumulate” rating. They now have a $15.00 price target on the stock.
  • 9/14/2018 – Forum Energy Technologies had its price target lowered by analysts at Citigroup Inc from $14.00 to $13.00. They now have a “neutral” rating on the stock.
  • 9/6/2018 – Forum Energy Technologies was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/17/2018 – Forum Energy Technologies was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/3/2018 – Forum Energy Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Forum Energy Technologies is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. The Company designs and manufactures products, and engages in aftermarket services, parts supply and related services that complement the Company’s product offering. “
  • 8/2/2018 – Forum Energy Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $14.00 price target on the stock. According to Zacks, “Forum Energy Technologies is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. The Company designs and manufactures products, and engages in aftermarket services, parts supply and related services that complement the Company’s product offering. “
  • 8/1/2018 – Forum Energy Technologies had its price target raised by analysts at Credit Suisse Group AG from $12.00 to $13.00. They now have a “neutral” rating on the stock.
  • 7/30/2018 – Forum Energy Technologies was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

Shares of FET stock traded down $0.45 during trading hours on Wednesday, reaching $10.40. 1,019,700 shares of the company’s stock were exchanged, compared to its average volume of 1,039,332. The company has a market cap of $1.20 billion, a PE ratio of -27.37 and a beta of 2.00. The company has a current ratio of 3.34, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33. Forum Energy Technologies Inc has a fifty-two week low of $9.95 and a fifty-two week high of $17.95.

Forum Energy Technologies (NYSE:FET) last issued its quarterly earnings results on Monday, July 30th. The oil and gas company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $274.00 million for the quarter, compared to the consensus estimate of $268.50 million. Forum Energy Technologies had a negative return on equity of 1.72% and a net margin of 5.08%. The business’s quarterly revenue was up 36.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) earnings per share. equities analysts forecast that Forum Energy Technologies Inc will post -0.02 earnings per share for the current year.

Hedge funds have recently modified their holdings of the company. Sei Investments Co. increased its position in shares of Forum Energy Technologies by 71.7% during the first quarter. Sei Investments Co. now owns 10,651 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 4,448 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Forum Energy Technologies during the second quarter worth $147,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Forum Energy Technologies during the first quarter worth $194,000. Pitcairn Co. acquired a new position in shares of Forum Energy Technologies during the first quarter worth $219,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Forum Energy Technologies during the first quarter worth $242,000. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Forum Energy Technologies, Inc designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The company operates in three segments: Drilling & Subsea, Completions, and Production & Infrastructure. The Drilling & Subsea segment designs and manufactures products, and provides related services to the drilling, energy subsea construction and service markets, and other markets, such as alternative energy, defense, and communications.

Further Reading: Stock Symbols and CUSIP Explained

Receive News & Ratings for Forum Energy Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forum Energy Technologies Inc and related companies with MarketBeat.com's FREE daily email newsletter.