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

Forum Energy Technologies (NYSE:FET) is scheduled to be posting its quarterly earnings results before the market opens on Friday, November 1st. Individual interested in participating in the company’s earnings conference call can do so using this link.

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

Forum Energy Technologies Trading Down 1.1 %

Shares of FET stock opened at $14.29 on Friday. Forum Energy Technologies has a fifty-two week low of $14.06 and a fifty-two week high of $24.48. The stock has a market cap of $175.48 million, a P/E ratio of -6.05 and a beta of 2.44. The business has a fifty day simple moving average of $16.10 and a 200-day simple moving average of $17.13. The company has a quick ratio of 1.19, a current ratio of 2.69 and a debt-to-equity ratio of 0.56.

Insider Buying and Selling

In related news, CEO Neal Lux acquired 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $15.22 per share, for a total transaction of $68,490.00. Following the transaction, the chief executive officer now owns 145,890 shares in the company, valued at $2,220,445.80. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.20% of the stock is currently owned by company insiders.

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.