Forum Energy Technologies - FET Stock Forecast, Price & News

Forum Energy Technologies' stock was trading at $29.50 at the beginning of the year. Since then, FET stock has decreased by 18.2% and is now trading at $24.12.
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Forum Energy Technologies saw a decline in short interest in February. As of February 28th, there was short interest totaling 32,400 shares, a decline of 9.2% from the February 13th total of 35,700 shares. Based on an average daily volume of 75,300 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are sold short.
View Forum Energy Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our FET earnings forecast.

Forum Energy Technologies, Inc. (NYSE:FET) posted its quarterly earnings results on Monday, February, 20th. The oil and gas company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.37) by $0.08. The oil and gas company earned $190.70 million during the quarter. Forum Energy Technologies had a net margin of 0.54% and a negative trailing twelve-month return on equity of 6.36%.

ETFs with the largest weight of Forum Energy Technologies (NYSE:FET) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC).

Forum Energy Technologies shares reverse split 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 market closes 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.

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 institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (4.01%), Dimensional Fund Advisors LP (3.19%), Tejara Capital Ltd (2.48%), Monaco Asset Management SAM (1.99%), Two Sigma Investments LP (1.01%) and Renaissance Technologies LLC (0.93%). Insiders that own company stock include C Christopher Gaut, John A Carrig, Michael Mcshane, Neal Lux and Scf Partners, Inc.
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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.
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One share of FET stock can currently be purchased for approximately $24.12.

Forum Energy Technologies (NYSE:FET) has a market capitalization of $248.44 million and generates $699.90 million in revenue each year. The oil and gas company earns $3.71 million in net income (profit) each year or ($0.87) on an earnings per share basis.

The company employs 1,500 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.