Forum Energy Technologies (NYSE:FET - Get Free Report) announced its quarterly earnings data on Thursday. The oil and gas company reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.58), Zacks reports. The firm had revenue of $201.00 million during the quarter, compared to analyst estimates 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 Trading Up 1.0 %
Shares of FET stock traded up $0.18 on Monday, reaching $18.46. The company had a trading volume of 48,196 shares, compared to its average volume of 68,108. The company has a current ratio of 1.93, a quick ratio of 0.87 and a debt-to-equity ratio of 0.37. The stock has a market cap of $226.70 million, a PE ratio of -1.68 and a beta of 2.38. The company has a 50-day moving average of $17.30 and a 200-day moving average of $16.24. Forum Energy Technologies has a 12 month low of $12.83 and a 12 month high of $20.85.
Insider Activity
In other news, Director Louis Raspino sold 4,950 shares of the company'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 completion of the sale, the director now directly owns 16,121 shares of the company's stock, valued at $248,424.61. This represents a 23.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.20% of the stock is currently owned by company 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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