Forum Energy Technologies, Inc. (FET) saw a big move last session, as the company’s shares fell by over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for FET, as the stock is now down over 23% since Sep 17.

This global oilfield products company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (0 increases, 1 decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

FET currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the Oil Field Machinery & Equipment industry include Ampio National Oilwell Varco, Inc. (NOV), Oil States International Inc. (OIS) and PowerSecure International, Inc. (POWR). All these stocks hold a Zacks Rank #2 (Buy).

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FORUM ENERGY TECH INC (FET): Free Stock Analysis Report

NATIONAL OILWELL VARCO INC (NOV): Free Stock Analysis Report

OIL STATES INTERNATIONAL 4 (OIS): Free Stock Analysis Report

POWERSECURE INTERNATIONAL INC (POWR): Free Stock Analysis Report


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