Forum Energy Technologies traded at $50.78 this Thursday May 28th, decreasing $2.86 or 5.33 percent since the previous trading session. Looking back, over the last four weeks, Forum Energy Technologies lost 21.32 percent. Over the last 12 months, its price rose by 239.44 percent. Looking ahead, we forecast Forum Energy Technologies to be priced at 57.31 by the end of this quarter and at 53.89 in one year, according to Trading Economics global macro models projections and analysts expectations.
Forum Energy Technologies, Inc. is focused on serving the oil, natural gas, industrial and renewable energy industries. The Company’s segments include Drilling & Downhole, Completions and Production. Drilling & Downhole segment designs, manufactures and supplies products and provides services to the drilling, well construction, artificial lift and subsea energy construction and services markets as well as other sectors, such as renewable energy, defense & communications. Completion segment designs, manufactures and supplies products and provides services to the coiled tubing, well stimulation and intervention markets. Its products and services consist of capital and consumable products and coiled tubing strings and coiled line pipe and related services. Production segment designs, manufactures and supplies products and provides equipment and services for production and infrastructure markets. Its products and services consist of engineered process systems and production equipment.