A statement released today by Cowen and Company about Forum Energy Technologies Inc (NYSE:FET) ups the target price to $18.00
- Updated: October 14, 2016
Yesterday Forum Energy Technologies Inc (NYSE:FET) traded -2.26% lower at $21.65. The company’s 50-day moving average is $18.92 and its 200-day moving average is $16.81. The last stock close price is up 28.76% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,164,422 shares of the stock were exchanged, up from an average trading volume of 813,349
In a statement issued on 10/14/2016 Cowen and Company raised the target price of Forum Energy Technologies Inc (NYSE:FET) to $18.00 indicating a possible downside of -0.17%.
See Chart Below
Forum Energy Technologies Inc has a one year low of $8.47 and a one year high of $22.85 FET’s total market value is presently $0.
Also covering Forum Energy Technologies Inc's price target, a total of 20 firms have reported on FET. The one year target is $16.81 with 3 brokers rating the company a strong buy, six brokerages rating the stock a buy, thirteen equity analysts rating the company a hold, zero analysts rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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