NYSE:FET - Forum Energy Technologies Stock Price, Forecast & News

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

Forum Energy Technologies Inc (NYSE:FET) released its quarterly earnings data on Wednesday, February, 12th. The oil and gas company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.08) by $0.01. The oil and gas company earned $199.80 million during the quarter, compared to analysts' expectations of $215.96 million. Forum Energy Technologies had a negative return on equity of 2.51% and a negative net margin of 59.28%. View Forum Energy Technologies' Earnings History.

Forum Energy Technologies is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Forum Energy Technologies.

9 Wall Street analysts have issued 12 month target prices for Forum Energy Technologies' stock. Their forecasts range from $1.00 to $4.00. On average, they expect Forum Energy Technologies' stock price to reach $2.75 in the next twelve months. This suggests a possible upside of 178.8% from the stock's current price. View Analyst Price Targets for Forum Energy Technologies.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forum Energy Technologies in the last year. There are currently 8 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Forum Energy Technologies.

Media headlines about FET stock have trended extremely negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Forum Energy Technologies earned a news sentiment score of -4.3 on InfoTrie's scale. They also gave news articles about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Forum Energy Technologies.

Forum Energy Technologies saw a increase in short interest in January. As of January 31st, there was short interest totalling 3,370,000 shares, an increase of 16.2% from the January 15th total of 2,900,000 shares. Based on an average daily trading volume, of 918,400 shares, the short-interest ratio is presently 3.7 days. Currently, 3.7% of the shares of the stock are sold short. View Forum Energy Technologies' Current Options Chain.

Some companies that are related to Forum Energy Technologies include Schlumberger (SLB), Halliburton (HAL), National-Oilwell Varco (NOV), TechnipFMC (FTI), Dril-Quip (DRQ), Helix Energy Solutions Group (HLX), Oceaneering International (OII), RPC (RES), Seacor (CKH), Oil States International (OIS), Tidewater (TDW), Newpark Resources (NR), Matrix Service (MTRX), Era Group (ERA) and Geospace Technologies (GEOS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Forum Energy Technologies investors own include Energy Transfer LP Unit (ET), CBL & Associates Properties (CBL), NGL Energy Partners (NGL), Arlington Asset Investment (AI), Hawkins (HWKN), Martin Midstream Partners (MMLP), Ford Motor (F), SandRidge Permian Trust (PER), Uniti Group (UNIT) and Centurylink (CTL).

Forum Energy Technologies' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (2.96%), State Street Corp (1.51%), Panagora Asset Management Inc. (1.15%), AQR Capital Management LLC (0.93%), Assenagon Asset Management S.A. (0.77%) and Renaissance Technologies LLC (0.52%). Company insiders that own Forum Energy Technologies stock include Andrew L Waite, C Christopher Gaut, Michael Dewayne Danford and Prady Iyyanki. View Institutional Ownership Trends for Forum Energy Technologies.

FET stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., FMR LLC, State Street Corp, Bank of New York Mellon Corp, Bank of America Corp DE, Renaissance Technologies LLC, Goldman Sachs Group Inc. and Rhumbline Advisers. View Insider Buying and Selling for Forum Energy Technologies.

FET stock was purchased by a variety of institutional investors in the last quarter, including Panagora Asset Management Inc., Western Standard LLC, AQR Capital Management LLC, Marshall Wace LLP, Jacobs Levy Equity Management Inc., Connor Clark & Lunn Investment Management Ltd., Acadian Asset Management LLC and New York State Common Retirement Fund. Company insiders that have bought Forum Energy Technologies stock in the last two years include Andrew L Waite, C Christopher Gaut, Michael Dewayne Danford and Prady Iyyanki. View Insider Buying and Selling for Forum Energy Technologies.

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

One share of FET stock can currently be purchased for approximately $0.99.

Forum Energy Technologies has a market capitalization of $108.94 million and generates $956.50 million in revenue each year. The oil and gas company earns $-567,100,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis. Forum Energy Technologies employs 2,500 workers across the globe.View Additional Information About Forum Energy Technologies.

The official website for Forum Energy Technologies is http://www.f-e-t.com/.

Forum Energy Technologies' mailing address is 10344 SAM HOUSTON PARK DRIVE SUITE 300, HOUSTON TX, 77064. The oil and gas company can be reached via phone at 281-949-2500 or via email at [email protected]