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

Several research analysts have weighed in on the stock. Capital One Financial Corp. upgraded shares of Forum Energy Technologies from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Citigroup Inc. lowered their price objective on shares of Forum Energy Technologies from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, August 3rd. Credit Suisse Group AG set a $19.00 price objective on shares of Forum Energy Technologies and gave the stock a “buy” rating in a report on Monday, August 1st. Iberia Capital upgraded shares of Forum Energy Technologies from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $18.00 to $21.00 in a report on Monday, August 1st. Finally, JPMorgan Chase & Co. downgraded shares of Forum Energy Technologies from a “neutral” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a report on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.03.

The stock’s market cap is $1.62 billion. The stock has a 50 day moving average price of $16.34 and a 200 day moving average price of $14.72.

Forum Energy Technologies (NYSE:FET) last posted its quarterly earnings results on Friday, July 29th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.07. The company earned $142.80 million during the quarter, compared to analysts’ expectations of $143.17 million. During the same period in the prior year, the firm earned $0.16 EPS. Forum Energy Technologies’s revenue for the quarter was down 49.8% compared to the same quarter last year. On average, analysts predict that Forum Energy Technologies Inc. will post ($0.78) EPS for the current year.

A number of large investors have added to or reduced their stakes in FET. California State Teachers Retirement System increased its stake in 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 valued at $1,370,000 after buying an additional 1,989 shares during the last quarter. New York State Common Retirement Fund increased 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 valued at $1,375,000 after buying an additional 53,433 shares during the last quarter. Royce & Associates LLC increased 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 valued at $2,553,000 after buying an additional 132,919 shares during the last quarter. Stephens Investment Management Group LLC increased 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 valued at $10,462,000 after buying an additional 83,050 shares during the last quarter. Finally, Wells Fargo & Company MN increased 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 valued at $26,525,000 after buying an additional 71,046 shares during 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.

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