Howard Weil Analysts Begin Coverage on Forum Energy Technologies (FET)

By admin | 6 years ago

Howard Weil initiated coverage on shares of Forum Energy Technologies (NYSE: FET) in a research note issued on Tuesday. The firm set an “outperform” rating and a $28.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America (NYSE: BAC) initiated coverage on shares of Forum Energy Technologies in a research note to investors on Tuesday. They set a “buy” rating and a $31.00 price target on the stock. Separately, analysts at Dahlman Rose initiated coverage on shares of Forum Energy Technologies in a research note to investors on Tuesday. They set a “buy” rating and a $28.00 price target on the stock. Finally, analysts at Citigroup (NYSE: C) initiated coverage on shares of Forum Energy Technologies in a research note to investors on Tuesday. They set a “buy” rating and a $29.00 price target on the stock.

Forum Energy Technologies traded down 1.75% on Tuesday, hitting $21.34. Forum Energy Technologies has a 1-year low of $20.81 and a 1-year high of $23.86. The company has a market cap of $1.814 billion and a price-to-earnings ratio of 12.44.

Forum Energy Technologies, Inc. is an oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry.

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