Forum Energy Technologies (NYSE: FET) received a number of ratings updates from brokerages and research firms in the last week:
- Forum Energy Technologies had its price target raised by analysts at Dahlman Rose from $28.00 to $32.00. They now have a “buy” rating on the stock.
- Forum Energy Technologies had its price target raised by analysts at Jefferies Group from $28.00 to $31.00.
- Forum Energy Technologies was downgraded by analysts at Capital One from an “add” rating to a “neutral” rating.
- Forum Energy Technologies was upgraded by analysts at FBR Capital from a “market perform” rating to an “outperform” rating. They now have a $35.00 price target on the stock, up previously from $30.00.
- Forum Energy Technologies was upgraded by analysts at UBS AG from a “market perform” rating to an “outperform” rating. They now have a $35.00 price target on the stock, up previously from $30.00.
- Forum Energy Technologies was downgraded by analysts at Zacks from a “neutral” rating to an “underperform” rating. They now have a $25.70 price target on the stock.
Forum Energy Technologies opened at 26.42 on Wednesday. Forum Energy Technologies has a 52-week low of $18.60 and a 52-week high of $27.56. The stock’s 50-day moving average is currently $25.89. The company has a market cap of $2.275 billion and a price-to-earnings ratio of 15.18.
Forum Energy Technologies, Inc. is an oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry.
