Forum Energy Technologies, Inc. (FET) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company, as the stock is now up 17.47% since Oct 14.
This oil field machinery and equipment stock witnessed seven positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Forum Energy. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Forum Energy Technologies has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%
However, PowerSecure International, Inc. (POWR) is a better-ranked stock in the same industry with a Zacks Rank #2 (Buy). Two other stocks worth considering in the wider oils & energy sector include Chesapeake Granite Wash Trust (CHKR) and Cheniere Energy Partners LP (CQP). Both these stocks hold a Zacks Rank #2.
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