Forum Energy Technologies Inc. (NYSE:FET) shares saw an uptick in trading volume on Monday . 879,565 shares were traded during trading, a decline of 7% from the previous session’s volume of 941,516 shares.The stock last traded at $16.25 and had previously closed at $16.28.

FET has been the topic of a number of research reports. Credit Suisse Group AG raised Forum Energy Technologies from a “neutral” rating to an “outperform” rating and set a $18.00 price objective on the stock in a research note on Monday. Citigroup Inc. boosted their price objective on Forum Energy Technologies from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 13th. JPMorgan Chase & Co. downgraded Forum Energy Technologies from a “neutral” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a research note on Tuesday, July 12th. Jefferies Group dropped their price objective on Forum Energy Technologies from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Monday, July 11th. Finally, Simmons reissued a “neutral” rating and issued a $18.00 price objective (up previously from $15.25) on shares of Forum Energy Technologies in a research note on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.64.

The stock’s market cap is $1.48 billion. The company’s 50-day moving average price is $17.02 and its 200 day moving average price is $13.89.

Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings data on Friday, April 29th. The company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.20) by $0.02. The business earned $159 million during the quarter, compared to analysts’ expectations of $166.55 million. Analysts forecast that Forum Energy Technologies Inc. will post ($0.93) EPS for the current fiscal year.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Forum Energy Technologies by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,953,966 shares of the company’s stock worth $24,346,000 after buying an additional 168,878 shares during the period. Stephens Investment Management Group LLC increased its position in Forum Energy Technologies by 11.0% in the fourth quarter. Stephens Investment Management Group LLC now owns 839,686 shares of the company’s stock worth $10,462,000 after buying an additional 83,050 shares during the period. UBS Oconnor LLC increased its position in Forum Energy Technologies by 117.7% in the fourth quarter. UBS Oconnor LLC now owns 231,000 shares of the company’s stock worth $2,878,000 after buying an additional 124,900 shares during the period. Aberdeen Asset Management PLC UK increased its position in Forum Energy Technologies by 45.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 537,413 shares of the company’s stock worth $6,976,000 after buying an additional 169,100 shares during the period. Finally, Royce & Associates LLC increased its position in Forum Energy Technologies by 184.6% in the fourth quarter. Royce & Associates LLC now owns 204,919 shares of the company’s stock worth $2,553,000 after buying an additional 132,919 shares during the period.

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. It operates through two segments: Drilling & Subsea, and Production & Infrastructure. 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.