Forum Energy Technologies Inc. (NYSE:FET) was up 5% on Monday . The company traded as high as $17.42 and last traded at $17.35, with a volume of 254,802 shares changing hands. The stock had previously closed at $16.53.

A number of equities research analysts have weighed in on FET shares. Scotiabank reaffirmed a “sector perform” rating and set a $19.00 target price (up from $16.00) on shares of Forum Energy Technologies in a research report on Friday, June 17th. GMP Securities lowered Forum Energy Technologies from a “buy” rating to a “hold” rating in a research report on Monday, April 18th. Capital One Financial Corp. reissued an “equal weight” rating on shares of Forum Energy Technologies in a research report on Friday, July 29th. Credit Suisse Group AG lowered Forum Energy Technologies from an “outperform” rating to a “neutral” rating and boosted their price target for the stock from $14.00 to $16.00 in a research report on Wednesday, June 1st. Finally, Morgan Stanley boosted their price target on Forum Energy Technologies from $10.50 to $14.50 and gave the stock an “equal weight” rating in a research report on Tuesday, April 19th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Forum Energy Technologies has an average rating of “Hold” and a consensus target price of $16.03.

The company’s market cap is $1.58 billion. The company has a 50 day moving average price of $16.26 and a 200 day moving average price of $14.55.

Forum Energy Technologies (NYSE:FET) last released its earnings results on Friday, July 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.07. During the same quarter last year, the business posted $0.16 earnings per share. The company earned $142.80 million during the quarter, compared to analysts’ expectations of $143.17 million. The company’s revenue for the quarter was down 49.8% on a year-over-year basis. Analysts expect that Forum Energy Technologies Inc. will post ($0.78) EPS for the current fiscal year.

A number of hedge funds have bought and sold shares of FET. Stephens Investment Management Group LLC boosted its stake 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 in the last quarter. Royce & Associates LLC boosted its stake 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 in the last quarter. Wells Fargo & Company MN boosted its stake in 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 in the last quarter. State of Wisconsin Investment Board boosted its stake in 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 in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Forum Energy Technologies by 93.9% in the fourth quarter. New York State Common Retirement Fund now owns 110,333 shares of the company’s stock worth $1,375,000 after buying an additional 53,433 shares in the last quarter.

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.