Piper Jaffray analyst John Watson reiterated a Hold rating on Forum Energy Tech (NYSE: FET) today and set a price target of $13.25. The company’s shares opened today at $12.40.
According to TipRanks.com, Watson is a 4-star analyst with an average return of 14.7% and a 53.8% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Tetra Technologies, and US Silica Holdings.
Forum Energy Tech has an analyst consensus of Hold, with a price target consensus of $13.13.
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The company has a one-year high of $17.95 and a one-year low of $10.05. Currently, Forum Energy Tech has an average volume of 972.5K.
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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.
