Forum Energy Technologies (FET) to Release Quarterly Earnings on Monday

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

Forum Energy Technologies Stock Performance

Shares of NYSE FET opened at $20.26 on Monday. 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 $249.29 million, a price-to-earnings ratio of -1.85 and a beta of 2.33. The stock’s fifty day moving average price is $18.67 and its two-hundred day moving average price is $16.63. Forum Energy Technologies has a one year low of $12.83 and a one year high of $21.57.

Insiders Place Their Bets

In related news, CEO Neal Lux bought 9,129 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $17.65 per share, for a total transaction of $161,126.85. Following the transaction, the chief executive officer now owns 212,250 shares in the company, valued at $3,746,212.50. The trade was a 4.49 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.20% of the company’s stock.

Analyst Ratings Changes

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

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.