Forum Energy Technologies (FET) Set to Announce Earnings on Friday

Forum Energy Technologies (NYSE:FET) will announce its earnings results before the market opens on Friday, November 1st. Investors that are interested in participating in the company’s conference call can do so using this link.

Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings data on Thursday, August 1st. The oil and gas company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.11). The business had revenue of $205.20 million during the quarter. Forum Energy Technologies had a negative net margin of 3.34% and a negative return on equity of 1.37%. During the same quarter last year, the firm earned $0.10 EPS.

Forum Energy Technologies Price Performance

NYSE:FET opened at $13.94 on Wednesday. The company has a current ratio of 2.69, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $171.24 million, a P/E ratio of -5.91 and a beta of 2.44. Forum Energy Technologies has a 12 month low of $13.93 and a 12 month high of $24.48. The business’s 50-day moving average is $15.96 and its 200 day moving average is $16.98.

Insider Buying and Selling

In other news, CEO Neal Lux bought 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average cost of $15.22 per share, for a total transaction of $68,490.00. Following the completion of the transaction, the chief executive officer now owns 145,890 shares of the company’s stock, valued at approximately $2,220,445.80. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.20% of the stock is owned by company insiders.

About Forum Energy Technologies

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.