Forum Energy Technologies (FET) to Release Quarterly Earnings on Thursday

Forum Energy Technologies (NYSE:FET) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Forum Energy Technologies to post earnings of ($0.81) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Forum Energy Technologies (NYSE:FET) last issued its quarterly earnings results on Thursday, February 29th. The oil and gas company reported ($0.39) earnings per share for the quarter. The company had revenue of $185.20 million for the quarter. Forum Energy Technologies had a negative return on equity of 0.38% and a negative net margin of 2.56%. On average, analysts expect Forum Energy Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Forum Energy Technologies Price Performance

FET stock opened at $19.45 on Thursday. The business’s 50-day moving average is $19.29 and its two-hundred day moving average is $20.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.59 and a quick ratio of 1.13. The firm has a market capitalization of $238.85 million, a P/E ratio of -10.51 and a beta of 2.60. Forum Energy Technologies has a 1 year low of $17.65 and a 1 year high of $28.73.

Insider Buying and Selling at Forum Energy Technologies

In other Forum Energy Technologies news, EVP John C. Ivascu sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $19.25, for a total value of $38,500.00. Following the completion of the sale, the executive vice president now owns 51,543 shares in the company, valued at $992,202.75. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FET. StockNews.com upgraded Forum Energy Technologies from a “hold” rating to a “buy” rating in a report on Friday, April 12th. TheStreet cut shares of Forum Energy Technologies from a “c” rating to a “d” rating in a report on Thursday, February 29th.

Forum Energy Technologies Company Profile

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.