Forum Energy Technologies (FET) has risen sharply, recording gains of 11.02% in the past 4 weeks. However, the stock has corrected -1.52% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.26% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 5.81% and the fifty day Moving Average is 8.51%. Forum Energy Technologies, Inc. is up 5.71% in the last three month period. Year-to-Date the stock performance stands at 45.51%.
Forum Energy Technologies (FET) : The highest short term price target forecast on Forum Energy Technologies (FET) is $23 and the lowest target price is $12. A total of 13 equity analysts are currently covering the company. The average price of all the analysts is $18.42 with a standard deviation of $2.86.
Forum Energy Technologies (NYSE:FET): stock turned positive on Friday. Though the stock opened at $18.04, the bulls momentum made the stock top out at $18.385 level for the day. The stock recorded a low of $17.9 and closed the trading day at $18.13, in the green by 0.95%. The total traded volume for the day was 482,570. The stock had closed at $17.96 in the previous days trading.
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. 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, and downstream capital projects. Its engineered systems are components used on drilling rigs or in the course of subsea operations, while its consumable products are used to maintain operations at well sites in the well construction process, within the supporting infrastructure and at processing centers and refineries. Its segments are Drilling & Subsea and Production & Infrastructure.