Forum Energy Technologies (NYSE:FET - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Thursday, May 1st. Analysts expect Forum Energy Technologies to post earnings of $0.43 per share and revenue of $196.45 million for the quarter.
Forum Energy Technologies (NYSE:FET - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The oil and gas company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.58). Forum Energy Technologies had a negative return on equity of 2.39% and a negative net margin of 16.57%. The firm had revenue of $201.00 million during the quarter, compared to the consensus estimate of $201.85 million.
Forum Energy Technologies Stock Down 1.6 %
NYSE:FET traded down $0.24 during mid-day trading on Friday, hitting $14.93. 30,205 shares of the company's stock were exchanged, compared to its average volume of 61,126. The business has a fifty day moving average price of $17.47 and a 200 day moving average price of $16.57. Forum Energy Technologies has a one year low of $12.78 and a one year high of $21.57. The company has a market cap of $184.62 million, a PE ratio of -1.36 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 0.87.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Forum Energy Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th.
Read Our Latest Research Report on Forum Energy Technologies
Insider Buying and Selling at Forum Energy Technologies
In other Forum Energy Technologies news, CEO Neal Lux bought 9,129 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $17.65 per share, with a total value of $161,126.85. Following the completion of the acquisition, the chief executive officer now owns 212,250 shares in the company, valued at $3,746,212.50. This trade represents a 4.49 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.90% of the stock is owned by corporate insiders.
Forum Energy Technologies Company Profile
(
Get Free Report)
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.
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