Forum Energy Technologies Stock Price, News & Analysis (NYSE:FET)

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

Forum Energy Technologies Inc (NYSE:FET) posted its quarterly earnings results on Thursday, July, 25th. The oil and gas company reported ($0.08) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.05) by $0.03. The oil and gas company earned $245.60 million during the quarter, compared to analyst estimates of $254.91 million. Forum Energy Technologies had a negative return on equity of 0.20% and a negative net margin of 38.63%. The company's revenue was down 10.4% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share. View Forum Energy Technologies' Earnings History.

Forum Energy Technologies is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Forum Energy Technologies.

11 equities research analysts have issued 12 month price objectives for Forum Energy Technologies' shares. Their predictions range from $1.00 to $12.50. On average, they expect Forum Energy Technologies' share price to reach $6.2222 in the next twelve months. This suggests a possible upside of 255.6% from the stock's current price. View Analyst Price Targets for Forum Energy Technologies.

11 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Forum Energy Technologies.

Media headlines about FET stock have trended somewhat negative on Sunday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Forum Energy Technologies earned a coverage optimism score of -1.3 on InfoTrie's scale. They also gave news stories about the oil and gas company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Forum Energy Technologies.

Forum Energy Technologies saw a decline in short interest during the month of August. As of August 31st, there was short interest totalling 5,978,500 shares, a decline of 6.7% from the July 31st total of 6,409,500 shares. Based on an average daily trading volume, of 1,220,000 shares, the short-interest ratio is presently 4.9 days. Approximately 6.4% of the company's stock are sold short. View Forum Energy Technologies' Current Options Chain.

Some companies that are related to Forum Energy Technologies include Newpark Resources (NR), Solaris Oilfield Infrastructure (SOI), Weatherford International (WFTIF), QS Energy (QSEP), Weatherford International (WFT), Deep Down (DPDW) and Freestone Resources (FSNR).

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), Cornerstone Total Return Fund (CRF), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Cornerstone Strategic Value Fund (CLM), Government Properties Income Trust (GOV) and Ford Motor (F).

Forum Energy Technologies' stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.76%), BlackRock Inc. (5.24%), Perella Weinberg Partners Capital Management LP (4.55%), Citadel Advisors LLC (2.71%), Sapience Investments LLC (2.57%) and Wells Fargo & Company MN (1.95%). Company insiders that own Forum Energy Technologies stock include C Christopher Gaut 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 Vanguard Group Inc., Viking Fund Management LLC, Renaissance Technologies LLC, Morgan Stanley, Parametric Portfolio Associates LLC, Boston Partners, Sapience Investments LLC and Marshall Wace LLP. View Insider Buying and Selling for Forum Energy Technologies.

FET stock was acquired by a variety of institutional investors in the last quarter, including Perella Weinberg Partners Capital Management LP, Citadel Advisors LLC, Nuveen Asset Management LLC, Balyasny Asset Management LLC, Wells Fargo & Company MN, JPMorgan Chase & Co., Algert Global LLC and Panagora Asset Management Inc.. Company insiders that have bought Forum Energy Technologies stock in the last two years include C Christopher Gaut 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 $1.75.

Forum Energy Technologies has a market capitalization of $193.17 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]