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

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

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

Forum Energy Technologies Stock Down 3.6 %

Forum Energy Technologies stock opened at $20.26 on Monday. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. Forum Energy Technologies has a 1-year low of $12.83 and a 1-year high of $21.57. The company has a fifty day simple moving average of $18.67 and a 200 day simple moving average of $16.63. The company has a market cap of $249.29 million, a P/E ratio of -1.85 and a beta of 2.33.

Insiders Place Their Bets

In other news, CEO Neal Lux acquired 9,129 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $17.65 per share, with a total value of $161,126.85. Following the transaction, the chief executive officer now directly owns 212,250 shares in the company, 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 SEC, which is accessible through this hyperlink. Insiders own 6.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.