Were Analysts Bullish Forum Energy Technologies, Inc. (NYSE:FET) This Week?

September 14, 2018 - By Tyler Harlow

Investors sentiment decreased to 1.16 in 2018 Q2. Its down 0.04, from 1.2 in 2018Q1. It fall, as 14 investors sold Forum Energy Technologies, Inc. shares while 42 reduced holdings. 17 funds opened positions while 48 raised stakes. 94.23 million shares or 0.23% less from 94.45 million shares in 2018Q1 were reported.
Silvercrest Asset Mngmt Group Ltd Liability Corporation holds 2.86M shares or 0.33% of its portfolio. Piedmont Advsr Llc reported 0% in Forum Energy Technologies, Inc. (NYSE:FET). Tiaa Cref Inv Management Limited Liability reported 0% stake. Qs Investors Lc owns 8,382 shares. Fincl Mngmt Professionals reported 1.42% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET). Susquehanna International Gru Llp has 0% invested in Forum Energy Technologies, Inc. (NYSE:FET). Energy Opportunities Capital Mngmt Lc reported 393,383 shares or 2.96% of all its holdings. Captrust owns 6 shares for 0% of their portfolio. Patten Inc holds 420 shares or 0% of its portfolio. United Serv Automobile Association reported 0.22% stake. Ftb Incorporated has 600 shares. Fifth Third Commercial Bank accumulated 387 shares. Oppenheimer Asset Mngmt has 0.01% invested in Forum Energy Technologies, Inc. (NYSE:FET) for 18,209 shares. Granite Inv Prns Limited Liability Com accumulated 1.20M shares. Parametric Associates Ltd Co owns 113,244 shares for 0% of their portfolio.

Forum Energy Technologies, Inc. (NYSE:FET) Ratings Coverage

Among 3 analysts covering Forum Energy Tech (NYSE:FET), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Forum Energy Tech had 3 analyst reports since April 8, 2018 according to SRatingsIntel. Citigroup maintained Forum Energy Technologies, Inc. (NYSE:FET) rating on Wednesday, May 2. Citigroup has “Neutral” rating and $14 target. The firm has “Hold” rating by Piper Jaffray given on Sunday, April 8. Credit Suisse maintained Forum Energy Technologies, Inc. (NYSE:FET) on Wednesday, August 1 with “Neutral” rating. Below is a list of Forum Energy Technologies, Inc. (NYSE:FET) latest ratings and price target changes.

01/08/2018 Broker: Credit Suisse Old Rating: Neutral New Rating: Neutral Old Target: $12 New Target: $13 Maintain
02/05/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $12 New Target: $14 Maintain
08/04/2018 Broker: Piper Jaffray Rating: Hold New Target: $12.7500 Maintain

The stock increased 3.15% or $0.35 during the last trading session, reaching $11.45. About 265,823 shares traded. Forum Energy Technologies, Inc. (NYSE:FET) has declined 14.34% since September 14, 2017 and is downtrending. It has underperformed by 29.96% the S&P500.

Forum Energy Technologies, Inc. designs, makes, and distributes products to the oil and natural gas industry in the United States and internationally. The company has market cap of $1.24 billion. The firm operates in three divisions: Drilling & Subsea, Completions, and Production & Infrastructure. It has a 25.79 P/E ratio. The Drilling & Subsea segment creates and makes products, and provides related services to the drilling and subsea construction markets.

Forum Energy Technologies, Inc. (NYSE:FET) Institutional Positions Chart

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