Somewhat Positive News Coverage Somewhat Unlikely to Impact Forum Energy Technologies (FET) Stock Price
News stories about Forum Energy Technologies (NYSE:FET) have been trending somewhat positive on Monday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Forum Energy Technologies earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 47.0607135509833 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- How These Oil & Gas Stocks are Performing? — Forum Energy Technologies, Keane, Helix Energy Solutions, and McDermott (marketwatch.com)
- $201.79 Million in Sales Expected for Forum Energy Technologies, Inc. (FET) This Quarter (americanbankingnews.com)
- Q3 2017 EPS Estimates for Forum Energy Technologies, Inc. (FET) Lowered by Analyst (americanbankingnews.com)
- Forum Energy Technologies, Inc. (FET) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Tetra Technologies (TTI) & Forum Energy Technologies (FET) Head to Head Review (americanbankingnews.com)
Shares of Forum Energy Technologies (FET) traded down 0.74% during mid-day trading on Monday, hitting $13.50. The stock had a trading volume of 575,130 shares. Forum Energy Technologies has a 12-month low of $10.05 and a 12-month high of $26.25. The stock’s market cap is $1.30 billion. The firm’s 50-day moving average price is $14.19 and its 200 day moving average price is $15.20.
Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. The firm had revenue of $201.10 million for the quarter, compared to analyst estimates of $194.16 million. Forum Energy Technologies had a negative return on equity of 4.55% and a negative net margin of 18.89%. Equities analysts forecast that Forum Energy Technologies will post ($0.32) EPS for the current fiscal year.
FET has been the subject of a number of analyst reports. Zacks Investment Research upgraded Forum Energy Technologies from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Monday, October 16th. Capital One Financial Corporation lowered Forum Energy Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 28th. Barclays PLC lowered Forum Energy Technologies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $24.00 to $16.00 in a research report on Wednesday, July 12th. Cowen and Company restated a “hold” rating and set a $15.00 price objective on shares of Forum Energy Technologies in a research report on Tuesday, July 11th. Finally, Jefferies Group LLC set a $17.00 price objective on Forum Energy Technologies and gave the company a “hold” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. Forum Energy Technologies has a consensus rating of “Hold” and a consensus target price of $18.56.
Forum Energy Technologies Company Profile
Forum Energy Technologies, Inc is an oilfield products company. The Company designs, manufactures and distributes products, and engages in aftermarket services, parts supply and related services. The Company operates through three segments: Drilling & Subsea, Completions, and Production & Infrastructure.
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