Forum Energy Technologies (FET) : During the past 4 weeks, traders have been relatively bearish on Forum Energy Technologies (FET), hence the stock is down -5.2% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.35% relative to the S&P 500. The 4-week change in the price of the stock is -7.12% and the stock has fallen -4.84% in the past 1 week.
The stock has recorded a 20-day Moving Average of 5.01% and the 50-Day Moving Average is 0.59%.The 200 Day SMA reached 18.28% Forum Energy Technologies, Inc. has dropped 2.29% during the last 3-month period . Year-to-Date the stock performance stands at 37.24%.
Forum Energy Technologies (FET) : Average target price received by Forum Energy Technologies (FET) is $18.58 with an expected standard deviation of $2.94. The most aggressive target on the stock is $23, whereas the most downbeat target is $12. 13 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Forum Energy Technologies (NYSE:FET): stock was range-bound between the intraday low of $16.81 and the intraday high of $17.3 after having opened at $17 on Fridays session. The stock finally closed in the red at $17, a loss of -0.93%. The stock remained in the red for the whole trading day. The total traded volume was 1,275,525 shares. The stock failed to cross $17.3 in Fridays trading. The stocks closing price on Thursday was $17.1.
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.