Shares of Forum Energy Technologies Inc. (NYSE:FET) fell 8% on Monday . The company traded as low as $14.83 and last traded at $14.90, with a volume of 687,527 shares. The stock had previously closed at $16.19.

A number of research firms recently weighed in on FET. Deutsche Bank AG reaffirmed a “buy” rating on shares of Forum Energy Technologies in a report on Sunday, May 22nd. Zacks Investment Research raised shares of Forum Energy Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th. JPMorgan Chase & Co. lowered shares of Forum Energy Technologies from a “neutral” rating to an “underweight” rating and set a $10.00 target price on the stock. in a report on Tuesday, July 12th. Morgan Stanley reaffirmed a “hold” rating on shares of Forum Energy Technologies in a report on Monday, May 2nd. Finally, Citigroup Inc. upped their target price on shares of Forum Energy Technologies from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. Forum Energy Technologies has an average rating of “Hold” and an average target price of $15.64.

The company has a 50-day moving average of $16.97 and a 200 day moving average of $13.96. The company’s market capitalization is $1.37 billion.

Forum Energy Technologies (NYSE:FET) last posted its quarterly earnings data on Friday, April 29th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. The company earned $159 million during the quarter, compared to analysts’ expectations of $166.55 million. Equities research analysts predict that Forum Energy Technologies Inc. will post ($0.92) earnings per share for the current fiscal year.

A number of hedge funds and institutional investors have recently bought and sold shares of the stock. 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 valued at $2,553,000 after buying an additional 132,919 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Forum Energy Technologies by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 2,128,840 shares of the company’s stock worth $26,525,000 after buying an additional 71,046 shares during the period. Boston Partners boosted its position in shares of Forum Energy Technologies by 4.8% in the fourth quarter. Boston Partners now owns 739,359 shares of the company’s stock worth $9,212,000 after buying an additional 33,667 shares during the period. State of Wisconsin Investment Board boosted its position in shares of Forum Energy Technologies by 52.3% in the fourth quarter. State of Wisconsin Investment Board now owns 316,945 shares of the company’s stock worth $3,949,000 after buying an additional 108,852 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Forum Energy Technologies by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 109,924 shares of the company’s stock worth $1,370,000 after buying an additional 1,989 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.

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