Forum Energy Technologies (FET) to Release Quarterly Earnings on Monday

Forum Energy Technologies (NYSE:FET - Get Free Report) is expected to announce its earnings results after the market closes on Monday, February 17th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $201.85 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Forum Energy Technologies Trading Up 5.1 %

Shares of NYSE:FET traded up $0.95 during trading on Monday, reaching $19.36. 101,967 shares of the stock were exchanged, compared to its average volume of 66,734. The firm's 50-day moving average price is $16.86 and its 200 day moving average price is $16.12. The firm has a market cap of $237.69 million, a price-to-earnings ratio of -4.58 and a beta of 2.38. Forum Energy Technologies has a 12-month low of $12.83 and a 12-month high of $20.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 1.93.

Insiders Place Their Bets

In other Forum Energy Technologies news, Director Louis Raspino sold 4,950 shares of the firm's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $15.41, for a total value of $76,279.50. Following the transaction, the director now directly owns 16,121 shares of the company's stock, valued at $248,424.61. This trade represents a 23.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.20% of the stock is owned by insiders.

Forum Energy Technologies Company Profile

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.