News headlines about Forum Energy Technologies (NYSE:FET) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Forum Energy Technologies earned a news impact score of 0.15 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.9540263904604 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several analysts have recently weighed in on FET shares. Zacks Investment Research cut Forum Energy Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Cowen and Company reduced their price target on Forum Energy Technologies from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Tuesday, August 1st. Citigroup Inc. boosted their price target on Forum Energy Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Capital One Financial Corporation cut Forum Energy Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, July 28th. Finally, Scotiabank set a $24.00 price target on Forum Energy Technologies and gave the stock a “hold” rating in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. Forum Energy Technologies has a consensus rating of “Hold” and a consensus target price of $18.20.
Shares of Forum Energy Technologies (NYSE:FET) traded up $0.15 on Wednesday, reaching $13.35. The company’s stock had a trading volume of 435,900 shares, compared to its average volume of 992,812. Forum Energy Technologies has a 12-month low of $10.05 and a 12-month high of $26.25. The company has a current ratio of 3.74, a quick ratio of 1.76 and a debt-to-equity ratio of 0.34.
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About Forum Energy Technologies
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. The Company operates through three segments: Drilling & Subsea, Completions, and Production & Infrastructure.
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