Forum Energy Technologies, Inc. (FET) Set to Announce Earnings on Tuesday
Forum Energy Technologies, Inc. (NYSE:FET) will release its earnings data after the market closes on Tuesday, October 31st. Analysts expect Forum Energy Technologies to post earnings of ($0.06) per share for the quarter.
Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. The business had revenue of $201.10 million during the quarter, compared to the consensus estimate of $194.16 million. Forum Energy Technologies had a negative return on equity of 4.55% and a negative net margin of 18.89%. On average, analysts expect Forum Energy Technologies to post $-0.33 EPS for the current fiscal year and $0.18 EPS for the next fiscal year.
Shares of Forum Energy Technologies, Inc. (NYSE:FET) traded up 2.778% during midday trading on Tuesday, hitting $13.875. The stock had a trading volume of 170,724 shares. The company’s 50-day moving average price is $14.25 and its 200-day moving average price is $15.07. Forum Energy Technologies, Inc. has a 12-month low of $10.05 and a 12-month high of $26.25. The firm’s market cap is $1.33 billion.
COPYRIGHT VIOLATION NOTICE: “Forum Energy Technologies, Inc. (FET) Set to Announce Earnings on Tuesday” was first reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/24/forum-energy-technologies-inc-fet-set-to-announce-earnings-on-tuesday.html.
FET has been the topic of several recent analyst reports. Credit Suisse Group downgraded shares of Forum Energy Technologies from an “outperform” rating to a “neutral” rating and cut their target price for the company from $23.00 to $12.00 in a research note on Thursday, August 24th. BidaskClub raised shares of Forum Energy Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Barclays PLC downgraded shares of Forum Energy Technologies from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $24.00 to $16.00 in a research note on Wednesday, July 12th. Zacks Investment Research downgraded shares of Forum Energy Technologies from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Finally, Deutsche Bank AG initiated coverage on shares of Forum Energy Technologies in a research note on Tuesday, October 10th. They set a “hold” rating and a $17.00 target price on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. Forum Energy Technologies presently has a consensus rating of “Hold” and a consensus price target of $18.56.
About Forum Energy Technologies
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.
Receive News & Ratings for Forum Energy Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forum Energy Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.