Forum Energy Technologies (FET) to Release Earnings on Monday

Forum Energy Technologies (NYSE:FET - Get Free Report) is anticipated to release its earnings data before the market opens on Monday, April 7th. Analysts expect Forum Energy Technologies to post earnings of $0.43 per share and revenue of $196.30 million for the quarter.

Forum Energy Technologies (NYSE:FET - Get Free Report) last issued its earnings results 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). The business had revenue of $201.00 million during the quarter, compared to the consensus estimate of $201.85 million. Forum Energy Technologies had a negative return on equity of 2.39% and a negative net margin of 16.57%.

Forum Energy Technologies Stock Performance

Shares of NYSE:FET traded down $2.73 during trading on Thursday, hitting $17.85. 138,046 shares of the company traded hands, compared to its average volume of 57,105. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 0.37. The business's fifty day moving average is $18.72 and its 200-day moving average is $16.74. The stock has a market capitalization of $219.56 million, a price-to-earnings ratio of -1.63 and a beta of 2.33. Forum Energy Technologies has a one year low of $12.83 and a one year high of $21.57.

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.

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Insider Transactions at Forum Energy Technologies

In other news, CEO Neal Lux bought 9,129 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were 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 directly owns 212,250 shares in the company, valued at approximately $3,746,212.50. The trade was a 4.49 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.20% of the company's stock.

About Forum Energy Technologies

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.