A statement released earlier today by Barclays PLC about Forum Energy Technologies Inc (NYSE:FET) bumps the target price to $23.00
- Updated: September 23, 2016
Boasting a price of $18.47, Forum Energy Technologies Inc (NYSE:FET) traded 1.89% higher on the day. With the last stock price close up 17.24% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Forum Energy Technologies Inc has recorded a 50-day average of $17.66 and a two hundred day average of $16.05. Volume of trade was down over the average, with 86,925 shares of FET changing hands under the typical 806,731
Barclays PLC bumped up the target of Forum Energy Technologies Inc (NYSE:FET) to $23.00 stating a potential upside of 0.25%.
On 9/15/2016, Gabelli released a statement for Forum Energy Technologies Inc (NYSE:FET) bumped up the target price from $0.00 to $21.00 that suggested an upside of 0.22%.
With a total market value of $0, Forum Energy Technologies Inc has with a one year low of $8.47 and a one year high of $19.32 .
A total of 20 equity analysts have released a research note on the stock. 3 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 13 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $16.81.
About Forum Energy Technologies Inc (NYSE:FET)
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. It operates through two segments: Drilling & Subsea, and Production & Infrastructure. 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; pressure pumping equipment, and downstream capital projects. Its engineered systems are components used on drilling rigs for completions or in the course of subsea operations, while its consumable products are used to maintain operations at well sites in the well construction process.
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