Forum Energy Technologies - FET Stock Forecast, Price & News

Forum Energy Technologies' stock was trading at $29.50 at the start of the year. Since then, FET stock has increased by 9.1% and is now trading at $32.17.
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Forum Energy Technologies saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 34,600 shares, a decline of 89.6% from the December 31st total of 332,000 shares. Based on an average daily volume of 49,400 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
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Forum Energy Technologies will be holding an earnings conference call on Tuesday, February 21st at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Forum Energy Technologies, Inc. (NYSE:FET) posted its 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 analyst estimates of $150 million. Forum Energy Technologies had a negative net margin of 0.46% and a negative trailing twelve-month return on equity of 9.47%. During the same period in the previous year, the business earned ($6.00) earnings per share.

Shares of Forum Energy Technologies reverse split on the morning of 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 many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (4.01%), Monaco Asset Management SAM (1.99%), Janney Montgomery Scott LLC (0.19%) and Concourse Financial Group Securities Inc. (0.00%). 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 $32.17.

Forum Energy Technologies (NYSE:FET) has a market capitalization of $184.33 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 ($2.11) 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.