Forum Energy Technologies (FET) to Release Earnings on Thursday

Forum Energy Technologies (NYSE:FET - Get Free Report) is expected to issue its Q1 2025 quarterly earnings data after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.43 per share and revenue of $196.45 million for the quarter.

Forum Energy Technologies (NYSE:FET - Get Free Report) last announced its earnings results on Thursday, February 20th. The oil and gas company reported ($0.48) 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 company had revenue of $201.00 million during the quarter, compared to analysts' expectations of $201.85 million.

Forum Energy Technologies Trading Up 0.7 %

FET traded up $0.11 during trading hours on Tuesday, reaching $15.24. 39,108 shares of the company's stock traded hands, compared to its average volume of 61,160. The firm has a 50-day moving average price of $17.32 and a 200 day moving average price of $16.56. Forum Energy Technologies has a 52-week low of $12.78 and a 52-week high of $21.57. 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 firm has a market capitalization of $188.46 million, a PE ratio of -1.39 and a beta of 1.74.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Forum Energy Technologies from a "buy" rating to a "hold" rating in a report on Thursday, March 6th.

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 on Thursday, March 13th. The shares were acquired at an average price of $17.65 per share, with a total value of $161,126.85. Following the transaction, the chief executive officer now owns 212,250 shares of the company's stock, valued at approximately $3,746,212.50. This trade represents a 4.49 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 6.90% 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.