Forum Energy Technologies, Inc. (NYSE:FET) – Investment analysts at Capital One Financial Corporation upped their FY2017 earnings per share estimates for shares of Forum Energy Technologies in a report issued on Monday. Capital One Financial Corporation analyst J. Gibney now forecasts that the oil and gas company will post earnings per share of ($0.29) for the year, up from their previous estimate of ($0.33). Capital One Financial Corporation has a “Equal Weight” rating on the stock. Capital One Financial Corporation also issued estimates for Forum Energy Technologies’ Q4 2017 earnings at $0.00 EPS and FY2018 earnings at $0.09 EPS.

Other equities research analysts also recently issued research reports about the stock. Barclays PLC downgraded shares of Forum Energy Technologies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $24.00 to $16.00 in a research report on Wednesday, July 12th. Cowen and Company restated a “hold” rating and issued a $15.00 price objective on shares of Forum Energy Technologies in a research report on Tuesday, July 11th. Deutsche Bank AG began coverage on shares of Forum Energy Technologies in a research report on Tuesday. They issued a “hold” rating and a $17.00 price objective for the company. BidaskClub upgraded shares of Forum Energy Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Guggenheim downgraded shares of Forum Energy Technologies from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $18.73.

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Forum Energy Technologies (NYSE:FET) opened at 15.05 on Wednesday. The company has a 50 day moving average price of $13.44 and a 200 day moving average price of $15.46. The stock’s market cap is $1.45 billion. Forum Energy Technologies has a 52 week low of $10.05 and a 52 week high of $26.25.

Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. Forum Energy Technologies had a negative return on equity of 4.55% and a negative net margin of 18.89%. The firm had revenue of $201.10 million during the quarter, compared to analyst estimates of $194.16 million.

A number of institutional investors have recently modified their holdings of FET. BlackRock Inc. increased its holdings in Forum Energy Technologies by 28,940.8% in the first quarter. BlackRock Inc. now owns 4,365,706 shares of the oil and gas company’s stock valued at $90,370,000 after buying an additional 4,350,673 shares in the last quarter. Aberdeen Asset Management PLC UK increased its holdings in Forum Energy Technologies by 29.8% in the second quarter. Aberdeen Asset Management PLC UK now owns 3,180,777 shares of the oil and gas company’s stock valued at $49,620,000 after buying an additional 731,128 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in shares of Forum Energy Technologies during the 1st quarter worth approximately $13,033,000. Dimensional Fund Advisors LP increased its stake in shares of Forum Energy Technologies by 9.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,433,239 shares of the oil and gas company’s stock worth $84,758,000 after purchasing an additional 455,066 shares in the last quarter. Finally, Barings LLC purchased a new position in shares of Forum Energy Technologies during the 1st quarter worth approximately $8,429,000.

Forum Energy Technologies Company Profile

Forum Energy Technologies, Inc is an oilfield products company. The Company designs, manufactures and distributes products, and engages in aftermarket services, parts supply and related services. The Company operates through three segments: Drilling & Subsea, Completions, and Production & Infrastructure.

Earnings History and Estimates for Forum Energy Technologies (NYSE:FET)

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