Forum Energy Technologies Inc. (NYSE:FET) – Research analysts at FBR & Co raised their FY2016 earnings per share estimates for Forum Energy Technologies in a research report issued to clients and investors on Tuesday. FBR & Co analyst T. Curran now expects that the firm will earn ($0.78) per share for the year, up from their prior forecast of ($0.87). FBR & Co also issued estimates for Forum Energy Technologies’ Q4 2016 earnings at ($0.18) EPS, Q1 2017 earnings at ($0.16) EPS, Q2 2017 earnings at ($0.11) EPS, Q3 2017 earnings at ($0.07) EPS and Q4 2017 earnings at ($0.04) EPS.

Earnings History and Estimates for Forum Energy Technologies (NYSE:FET)

A number of other equities analysts have also recently commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $25.00 price objective on shares of Forum Energy Technologies in a research report on Monday. Cowen and Company cut shares of Forum Energy Technologies from an “outperform” rating to a “market perform” rating and set a $18.00 price objective for the company. in a research report on Friday, October 14th. Citigroup Inc. lifted their price objective on shares of Forum Energy Technologies from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 11th. Barclays PLC raised shares of Forum Energy Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $19.00 to $23.00 in a research report on Friday, September 23rd. Finally, Morgan Stanley set a $23.00 price objective on shares of Forum Energy Technologies and gave the stock a “hold” rating in a research report on Tuesday, September 20th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.95.

Shares of Forum Energy Technologies (NYSE:FET) opened at 18.70 on Thursday. The company’s market cap is $1.70 billion. The firm’s 50-day moving average is $19.75 and its 200-day moving average is $17.63. Forum Energy Technologies has a one year low of $8.47 and a one year high of $22.85.

Several hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in Forum Energy Technologies by 13.8% in the second quarter. Public Employees Retirement System of Ohio now owns 5,774 shares of the company’s stock valued at $100,000 after buying an additional 700 shares during the period. Teacher Retirement System of Texas boosted its stake in Forum Energy Technologies by 7.2% in the second quarter. Teacher Retirement System of Texas now owns 8,274 shares of the company’s stock valued at $143,000 after buying an additional 555 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Forum Energy Technologies by 55.6% in the third quarter. BNP Paribas Arbitrage SA now owns 7,519 shares of the company’s stock valued at $149,000 after buying an additional 2,688 shares during the period. Virginia Retirement Systems ET AL purchased a new stake in Forum Energy Technologies during the second quarter valued at $175,000. Finally, OLD National Bancorp IN purchased a new stake in Forum Energy Technologies during the third quarter valued at $222,000. Institutional investors own 99.99% of the company’s stock.

Forum Energy Technologies Company Profile

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.

5 Day Chart for NYSE:FET

Receive News & Stock Ratings for Forum Energy Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forum Energy Technologies Inc. and related stocks with our FREE daily email newsletter.