Forum Energy Technologies - FET Stock Forecast, Price & News

Forum Energy Technologies' stock was trading at $16.05 at the beginning of the year. Since then, FET shares have increased by 62.0% and is now trading at $26.00.
View the best growth stocks for 2022 here.

Forum Energy Technologies saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 294,700 shares, a drop of 10.3% from the July 15th total of 328,600 shares. Based on an average trading volume of 32,800 shares, the short-interest ratio is presently 9.0 days. Approximately 6.0% of the shares of the company are sold short.
View Forum Energy Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our FET earnings forecast.

Forum Energy Technologies, Inc. (NYSE:FET) posted its quarterly earnings results on Thursday, November, 4th. The oil and gas company reported ($2.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.33) by $0.92. The oil and gas company had revenue of $141 million for the quarter, compared to the consensus estimate of $150 million. Forum Energy Technologies had a negative trailing twelve-month return on equity of 12.63% and a negative net margin of 5.04%. During the same period in the prior year, the firm posted ($6.00) EPS.

Shares of Forum Energy Technologies reverse split before market open on Tuesday, November 10th 2020. The 1-20 reverse split was announced on Friday, October 30th 2020. The number of shares owned by shareholders was adjusted after the closing bell on Monday, November 9th 2020. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Forum Energy Technologies issued an update on its third quarter 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $170.00 million-$180.00 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Forum Energy Technologies investors own include HD Supply (HDS), Invesque (IVQ), Brookline Bancorp (BRKL), Energy Transfer (ET), CBL & Associates Properties (CBL), NGL Energy Partners (NGL), Ford Motor (F), SandRidge Permian Trust (PER), C3.ai (AI) and Martin Midstream Partners (MMLP).

Forum Energy Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "FET."

Forum Energy Technologies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include SCF Partners Inc. (7.43%), Icon Wealth Partners LLC (0.57%) and Dorsey Wright & Associates (0.03%). Insiders that own company stock include Andrew L Waite, C Christopher Gaut, John A Carrig, Michael Dewayne Danford, Neal Lux and Scf Partners, Inc.
View institutional ownership trends.

Shares of FET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of FET stock can currently be purchased for approximately $26.00.

Forum Energy Technologies (NYSE:FET) has a market capitalization of $148.72 million and generates $541.10 million in revenue each year. The oil and gas company earns $-82,650,000.00 in net income (profit) each year or ($5.98) on an earnings per share basis.

The company employs 1,400 workers across the globe.

Forum Energy Technologies' mailing address is 10344 SAM HOUSTON PARK DRIVE SUITE 300, HOUSTON TX, 77064. The official website for the company is www.f-e-t.com. The oil and gas company can be reached via phone at (713) 351-7900, via email at ir@f-e-t.com, or via fax at 281-949-2554.