Several brokerages have updated their recommendations and price targets on shares of Forum Energy Technologies (NYSE: FET) in the last few weeks:

  • 8/4/2017 – Forum Energy Technologies was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/1/2017 – Forum Energy Technologies was upgraded by analysts at Zacks Investment Research from a “sell” 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. “
  • 8/1/2017 – Forum Energy Technologies had its price target lowered by analysts at Cowen and Company from $15.00 to $11.00. They now have a “market perform” rating on the stock.
  • 7/31/2017 – Forum Energy Technologies was given a new $24.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 7/28/2017 – Forum Energy Technologies was downgraded by analysts at Capital One Financial Corporation from an “overweight” rating to an “equal weight” rating.
  • 7/17/2017 – Forum Energy Technologies was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” 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. “
  • 7/12/2017 – Forum Energy Technologies was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $16.00 price target on the stock, down previously from $24.00.
  • 7/11/2017 – Forum Energy Technologies had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $15.00 price target on the stock.
  • 7/6/2017 – Forum Energy Technologies was given a new $17.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 7/5/2017 – Forum Energy Technologies was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – Forum Energy Technologies was downgraded by analysts at Guggenheim from a “buy” rating to a “neutral” rating.
  • 6/23/2017 – Forum Energy Technologies was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/21/2017 – Forum Energy Technologies had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $19.00 price target on the stock, down previously from $25.00.
  • 6/14/2017 – Forum Energy Technologies was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Forum Energy Technologies, Inc. (NYSE FET) opened at 12.60 on Thursday. Forum Energy Technologies, Inc. has a 52 week low of $12.38 and a 52 week high of $26.25. The stock’s market cap is $1.21 billion. The stock has a 50 day moving average price of $14.63 and a 200-day moving average price of $18.02.

Forum Energy Technologies (NYSE:FET) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The firm had revenue of $201.10 million for the quarter, compared to analysts’ expectations of $194.16 million. Forum Energy Technologies had a negative return on equity of 4.55% and a negative net margin of 18.89%. Equities analysts predict that Forum Energy Technologies, Inc. will post ($0.31) EPS for the current fiscal year.

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. The Company operates through three segments: Drilling & Subsea, Completions, and Production & Infrastructure.

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