Barclays Capital disclosed Forum Energy Technologies (NYSE:FET), bumping its target to $23.00 earlier today
- Updated: September 23, 2016
Barclays Capital upped the price target of Forum Energy Technologies (NYSE:FET) to $23.00 stating a potential upside of 0.25%.
On 9/15/2016, Gabelli released a statement about Forum Energy Technologies (NYSE:FET) upped the target price from $0.00 to $21.00 that suggested an upside of 0.22%.
Having a price of $18.47, Forum Energy Technologies (NYSE:FET) traded 1.89% higher on the day. With the last stock price up 17.24% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FET has recorded a 50-day average of $17.66 and a two hundred day average of $16.05. Trade Volume was down over the average, with 86,925 shares of FET changing hands under the typical 806,731
With a total market value of $0, Forum Energy Technologies 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 ratings update on FET. Three equity analysts rating the company a strong buy, six equity analysts rating the company a buy, thirteen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $16.81.
Brief Synopsis About Forum Energy Technologies (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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