Citigroup analyst Scott Gruber maintained a Hold rating on Forum Energy Tech (FET) today and set a price target of $8. The company’s shares opened today at $7.47, close to its 52-week low of $7.03.
According to TipRanks.com, Gruber is a 2-star analyst with an average return of 0.6% and a 41.4% success rate. Gruber covers the Basic Materials sector, focusing on stocks such as Oceaneering International, C&J Energy Services Inc, and Propetro Holding Corp.
Forum Energy Tech has an analyst consensus of Moderate Buy, with a price target consensus of $11.64, implying a 55.8% upside from current levels. In a report issued on November 6, Morgan Stanley also maintained a Hold rating on the stock with a $12 price target.
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The company has a one-year high of $17.95 and a one-year low of $7.03. Currently, Forum Energy Tech has an average volume of 1.02M.
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Forum Energy Technologies, Inc. is a global oilfield products company, which engages in serving the subsea, drilling, completion, production, and infrastructure sectors of the oil and natural gas industry. It operates through following segments: Drilling and Subsea; Completions; and Production and Infrastructure.
