Forum Energy Technologies Inc (NYSE:FET) – Research analysts at Gabelli cut their FY2018 earnings per share (EPS) estimates for Forum Energy Technologies in a report released on Monday. Gabelli analyst S. Wong now expects that the oil and gas company will post earnings of $0.10 per share for the year, down from their prior estimate of $0.25. Gabelli also issued estimates for Forum Energy Technologies’ FY2019 earnings at $0.50 EPS and FY2021 earnings at $1.20 EPS.

A number of other equities analysts have also commented on FET. Cowen set a $13.00 price objective on Forum Energy Technologies and gave the stock a “hold” rating in a research note on Thursday, January 11th. Jefferies Group set a $17.00 price objective on Forum Energy Technologies and gave the stock a “hold” rating in a research note on Thursday, January 4th. Zacks Investment Research lowered Forum Energy Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Barclays reiterated a “hold” rating and issued a $17.00 price objective on shares of Forum Energy Technologies in a research note on Sunday, November 5th. Finally, Capital One Financial upgraded Forum Energy Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.50.

Forum Energy Technologies (NYSE FET) traded up $0.47 during midday trading on Wednesday, reaching $11.87. The company’s stock had a trading volume of 331,416 shares, compared to its average volume of 1,240,347. Forum Energy Technologies has a one year low of $10.05 and a one year high of $23.00. The company has a current ratio of 3.74, a quick ratio of 1.76 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1,237.71, a price-to-earnings ratio of -17.54 and a beta of 1.70.

Forum Energy Technologies (NYSE:FET) last posted its earnings results on Thursday, February 8th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). Forum Energy Technologies had a negative net margin of 6.99% and a negative return on equity of 3.11%. The company had revenue of $247.70 million for the quarter, compared to the consensus estimate of $249.85 million. During the same quarter last year, the business earned ($0.16) earnings per share. Forum Energy Technologies’s quarterly revenue was up 68.4% on a year-over-year basis.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Suntrust Banks Inc. boosted its holdings in shares of Forum Energy Technologies by 0.5% in the 2nd quarter. Suntrust Banks Inc. now owns 14,776 shares of the oil and gas company’s stock worth $229,000 after acquiring an additional 68 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Forum Energy Technologies by 1.7% in the 2nd quarter. Nationwide Fund Advisors now owns 66,648 shares of the oil and gas company’s stock worth $1,040,000 after acquiring an additional 1,083 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Forum Energy Technologies by 3.4% in the 2nd quarter. California State Teachers Retirement System now owns 122,266 shares of the oil and gas company’s stock worth $1,907,000 after acquiring an additional 4,034 shares in the last quarter. Moody Aldrich Partners LLC boosted its holdings in shares of Forum Energy Technologies by 13.2% in the 3rd quarter. Moody Aldrich Partners LLC now owns 34,703 shares of the oil and gas company’s stock worth $552,000 after acquiring an additional 4,038 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Forum Energy Technologies by 86.4% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 9,556 shares of the oil and gas company’s stock worth $152,000 after acquiring an additional 4,429 shares in the last quarter. 95.12% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Forum Energy Technologies (NYSE:FET)

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