Forum Energy Technologies CFO Sells 10,000 Shares (FET)
Forum Energy Technologies (NYSE:FET) CFO James Whelan Harris sold 10,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $34.00, for a total transaction of $340,000.00. Following the sale, the chief financial officer now directly owns 224,185 shares in the company, valued at approximately $7,622,290. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Forum Energy Technologies (NYSE:FET) traded down 0.42% on Tuesday, hitting $34.315. The stock had a trading volume of 157,192 shares. Forum Energy Technologies has a one year low of $24.32 and a one year high of $34.68. The stock has a 50-day moving average of $32.22 and a 200-day moving average of $28.78. The company has a market cap of $3.161 billion and a price-to-earnings ratio of 24.44.
Forum Energy Technologies (NYSE:FET) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.01. The company had revenue of $403.90 million for the quarter, compared to the consensus estimate of $403.17 million. During the same quarter last year, the company posted $0.34 earnings per share. Forum Energy Technologies’s revenue was up 8.3% compared to the same quarter last year. Analysts expect that Forum Energy Technologies will post $1.81 EPS for the current fiscal year.
A number of research firms have recently commented on FET. Analysts at Howard Weil raised their price target on shares of Forum Energy Technologies to $37.00 in a research note on Monday, April 28th. Separately, analysts at Jefferies Group raised their price target on shares of Forum Energy Technologies from $28.00 to $32.00 in a research note on Monday, April 28th. They now have a “hold” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Forum Energy Technologies from $33.00 to $38.00 in a research note on Monday, April 28th. They now have an “overweight” rating on the stock. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $33.63.
Forum Energy Technologies, Inc is an oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry.
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