Forum Energy Technologies (FET) Set to Announce Quarterly Earnings on Thursday

Forum Energy Technologies (NYSE:FET) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Forum Energy Technologies to post earnings of ($0.81) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Forum Energy Technologies (NYSE:FET) last issued its quarterly earnings results on Thursday, February 29th. The oil and gas company reported ($0.39) earnings per share (EPS) for the quarter. Forum Energy Technologies had a negative return on equity of 0.38% and a negative net margin of 2.56%. The firm had revenue of $185.20 million during the quarter. On average, analysts expect Forum Energy Technologies to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Forum Energy Technologies Stock Performance

Shares of Forum Energy Technologies stock opened at $19.45 on Tuesday. The company has a current ratio of 2.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.31. Forum Energy Technologies has a 52-week low of $17.65 and a 52-week high of $28.73. The company has a 50 day moving average of $19.25 and a 200 day moving average of $20.77.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FET shares. TheStreet downgraded shares of Forum Energy Technologies from a “c” rating to a “d” rating in a research report on Thursday, February 29th. StockNews.com upgraded shares of Forum Energy Technologies from a “hold” rating to a “buy” rating in a research report on Friday, April 12th.

Insider Activity

In other news, EVP John C. Ivascu sold 2,000 shares of Forum Energy Technologies stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $19.25, for a total value of $38,500.00. Following the transaction, the executive vice president now directly owns 51,543 shares of the company’s stock, valued at approximately $992,202.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.80% of the company’s stock.

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.