Brokers Issue Forecasts for Forum Energy Technologies Inc’s Q1 2018 Earnings (FET)

Forum Energy Technologies Inc (NYSE:FET) – Investment analysts at B. Riley issued their Q1 2018 EPS estimates for Forum Energy Technologies in a report issued on Monday. B. Riley analyst T. Curran anticipates that the oil and gas company will earn ($0.06) per share for the quarter. B. Riley currently has a “Neutral” rating and a $13.00 target price on the stock. B. Riley also issued estimates for Forum Energy Technologies’ Q2 2018 earnings at ($0.04) EPS, FY2018 earnings at ($0.02) EPS, Q1 2019 earnings at $0.08 EPS, Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.12 EPS and Q4 2019 earnings at $0.13 EPS.

Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings results on Thursday, February 8th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Forum Energy Technologies had a negative return on equity of 3.11% and a negative net margin of 6.99%. The business had revenue of $247.70 million during the quarter, compared to analysts’ expectations of $249.85 million. During the same period in the previous year, the company posted ($0.16) EPS. Forum Energy Technologies’s revenue for the quarter was up 68.4% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the stock. Cowen set a $13.00 price target on shares of Forum Energy Technologies and gave the stock a “hold” rating in a research report on Thursday, January 11th. Jefferies Group set a $17.00 price target on shares of Forum Energy Technologies and gave the stock a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research cut shares of Forum Energy Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Barclays reaffirmed a “hold” rating and issued a $17.00 price target on shares of Forum Energy Technologies in a research report on Sunday, November 5th. Finally, Capital One Financial raised shares of Forum Energy Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Shares of Forum Energy Technologies (NYSE:FET) opened at $11.40 on Wednesday. Forum Energy Technologies has a 52-week low of $10.05 and a 52-week high of $23.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.76 and a current ratio of 3.74.

A number of large investors have recently bought and sold shares of FET. QS Investors LLC lifted its position in Forum Energy Technologies by 205.7% during the second quarter. QS Investors LLC now owns 8,323 shares of the oil and gas company’s stock valued at $130,000 after acquiring an additional 5,600 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in Forum Energy Technologies by 86.4% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 9,556 shares of the oil and gas company’s stock valued at $152,000 after acquiring an additional 4,429 shares during the last quarter. MML Investors Services LLC purchased a new stake in Forum Energy Technologies during the fourth quarter valued at approximately $159,000. Amalgamated Bank purchased a new stake in Forum Energy Technologies during the fourth quarter valued at approximately $167,000. Finally, SG Americas Securities LLC purchased a new stake in Forum Energy Technologies during the third quarter valued at approximately $185,000. 95.12% of the stock is owned by institutional investors.

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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.

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

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