Forum Energy Technologies (FET) Misses Q4 EPS by 6c
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KLR Cuts Estimates and PT on Forum Energy Technologies (FET)
February 16, 2016 9:07 AM ESTKLR Analyst, Darren Gacicia, cut his price target on Forum Energy Technologies (NYSE: FET) to $15 from $19 to reflect wider debt spreads and a lower trajectory of activity recovery after the company missed 4Q/15 EPS by a wide margin. No change to Buy rating.
Consumables comprise approximately 60% of business. Adding the 10%-15% of the capital equipment business that is activity driven,... More
