Forum Energy Technologies (NYSE:FET)‘s stock had its “buy” rating restated by equities researchers at Deutsche Bank in a research report issued on Thursday, AnalystRatingsNetwork reports. They currently have a $32.00 price objective on the stock. Deutsche Bank’s target price would indicate a potential upside of 20.57% from the company’s current price.
FET has been the subject of a number of other recent research reports. Analysts at Howard Weil cut their price target on shares of Forum Energy Technologies from $32.00 to $30.00 in a research note to investors on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at Zacks downgraded shares of Forum Energy Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 12th. They now have a $33.90 price target on the stock. Finally, analysts at Global Hunter Securities downgraded shares of Forum Energy Technologies from a “neutral” rating to a “reduce” rating in a research note to investors on Monday, July 29th. They now have a $24.00 price target on the stock, down previously from $31.00.
One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $31.79.
Forum Energy Technologies (NYSE:FET) traded up 0.68% on Thursday, hitting $26.54. The stock had a trading volume of 335,990 shares. Forum Energy Technologies has a 1-year low of $21.03 and a 1-year high of $32.52. The stock’s 50-day moving average is $28.14 and its 200-day moving average is $28.17. The company has a market cap of $2.416 billion and a P/E ratio of 19.53.
Forum Energy Technologies (NYSE:FET) last announced its earnings results on Friday, July 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.06. The company had revenue of $367.90 million for the quarter, compared to the consensus estimate of $384.10 million. Analysts expect that Forum Energy Technologies will post $1.58 EPS for the current fiscal year.
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.
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