Forum Energy Technologies (FET) to Release Earnings on Monday

Forum Energy Technologies (NYSE:FET) is expected to post its quarterly earnings results after the market closes on Monday, February 17th. Analysts expect Forum Energy Technologies to post earnings of $0.10 per share and revenue of $201.85 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Forum Energy Technologies Price Performance

Forum Energy Technologies stock opened at $19.36 on Friday. The stock’s 50 day moving average is $16.86 and its 200 day moving average is $16.15. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 0.87. The firm has a market cap of $237.69 million, a P/E ratio of -4.58 and a beta of 2.38. Forum Energy Technologies has a one year low of $12.83 and a one year high of $20.85.

Insider Buying and Selling at Forum Energy Technologies

In other Forum Energy Technologies news, Director Louis Raspino sold 4,950 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $15.41, for a total value of $76,279.50. Following the transaction, the director now directly owns 16,121 shares of the company’s stock, valued at approximately $248,424.61. The trade was a 23.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.20% of the company’s stock.

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.