Forum Energy Technologies (FET) Stock Forecast, Price & News

Forum Energy Technologies' stock was trading at $16.05 at the beginning of the year. Since then, FET shares have increased by 45.2% and is now trading at $23.30.
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Forum Energy Technologies is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for Forum Energy Technologies.

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 analysts' consensus estimates of ($1.33) by $0.92. The oil and gas company earned $141 million during the quarter, compared to analyst estimates of $150 million. Forum Energy Technologies had a negative net margin of 10.69% and a negative trailing twelve-month return on equity of 15.30%. During the same quarter in the prior year, the firm posted ($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 closing bell on Monday, November 9th 2020. An investor that had 100 shares of Forum Energy Technologies stock prior to the reverse split would have 5 shares after the split.

Forum Energy Technologies issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $170.00 million-$180.00 million.

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 variety of retail and institutional investors. Top institutional shareholders include Icon Wealth Partners LLC (0.57%) and Dorsey Wright & Associates (0.03%). Company insiders that own Forum Energy Technologies stock include Andrew L Waite, C Christopher Gaut, John A Carrig, Michael Dewayne Danford, Neal Lux and Scf Partners, Inc.
View institutional ownership trends 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 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 $23.30.

Forum Energy Technologies (NYSE:FET) has a market capitalization of $133.28 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 ($5.98) on an earnings per share basis.

Forum Energy Technologies 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 Forum Energy Technologies 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.