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 Thursday, October, 24th. The oil and gas company reported $0.02 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.05) by $0.07. The oil and gas company earned $239.30 million during the quarter, compared to the consensus estimate of $245.31 million. Forum Energy Technologies had a negative net margin of 91.13% and a negative return on equity of 0.34%. View Forum Energy Technologies' Earnings History.

Forum Energy Technologies is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Forum Energy Technologies.

8 analysts have issued 12-month price objectives for Forum Energy Technologies' shares. Their forecasts range from $1.00 to $4.00. On average, they anticipate Forum Energy Technologies' stock price to reach $2.75 in the next year. This suggests a possible upside of 125.4% from the stock's current price. View Analyst Price Targets for Forum Energy Technologies.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forum Energy Technologies in the last year. There are currently 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Forum Energy Technologies.

News stories about FET stock have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring 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 1.3 on InfoTrie's scale. They also gave press coverage about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for Forum Energy Technologies.

Forum Energy Technologies saw a drop in short interest in December. As of December 31st, there was short interest totalling 2,900,000 shares, a drop of 22.5% from the December 15th total of 3,740,000 shares. Based on an average trading volume of 940,900 shares, the short-interest ratio is presently 3.1 days. Currently, 3.2% of the company's shares 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), Oceaneering International (OII), Helix Energy Solutions Group (HLX), RPC (RES), Oil States International (OIS), Seacor (CKH), Tidewater (TDW), Matrix Service (MTRX), Newpark Resources (NR), Geospace Technologies (GEOS) and TETRA Technologies (TTI).

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

Forum Energy Technologies' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.77%) and Diversified Trust Co (0.01%). 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.. View Insider Buying and Selling for Forum Energy Technologies.

FET stock was bought by a variety of institutional investors in the last quarter, including Diversified Trust Co. 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 $1.22.

Forum Energy Technologies has a market capitalization of $134.77 million and generates $1.06 billion in revenue each year. The oil and gas company earns $-374,080,000.00 in net income (profit) each year or $0.02 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]