Forum Energy Technologies (FET) Projected to Post Earnings on Monday

Forum Energy Technologies (NYSE:FET) will likely be issuing its quarterly earnings data before the market opens on Monday, April 7th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $196.30 million for the quarter.

Forum Energy Technologies (NYSE:FET) last posted its quarterly earnings data on Thursday, February 20th. The oil and gas company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.58). Forum Energy Technologies had a negative return on equity of 2.39% and a negative net margin of 16.57%. The business had revenue of $201.00 million during the quarter, compared to the consensus estimate of $201.85 million.

Forum Energy Technologies Stock Down 13.8 %

Shares of Forum Energy Technologies stock opened at $15.39 on Friday. The stock’s 50-day moving average is $18.66 and its 200 day moving average is $16.74. Forum Energy Technologies has a one year low of $12.83 and a one year high of $21.57. The firm has a market cap of $189.36 million, a price-to-earnings ratio of -1.40 and a beta of 2.33. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 0.87.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Forum Energy Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, March 6th.

Insider Activity

In other news, CEO Neal Lux acquired 9,129 shares of Forum Energy Technologies stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $17.65 per share, with a total value of $161,126.85. Following the completion of the purchase, the chief executive officer now owns 212,250 shares of the company’s stock, valued at approximately $3,746,212.50. The trade was a 4.49 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.20% of the company’s stock.

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.