Equities research analysts expect Forum Energy Technologies Inc (NYSE:FET) to announce earnings of ($0.03) per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Forum Energy Technologies’ earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.03). Forum Energy Technologies posted earnings of ($0.16) per share during the same quarter last year, which would indicate a positive year over year growth rate of 81.3%. The company is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 8th.

On average, analysts expect that Forum Energy Technologies will report full-year earnings of ($0.36) per share for the current fiscal year, with EPS estimates ranging from ($0.37) to ($0.35). For the next year, analysts forecast that the business will report earnings of $0.15 per share, with EPS estimates ranging from ($0.05) to $0.29. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Forum Energy Technologies.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings results on Tuesday, October 31st. The oil and gas company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10). The business had revenue of $198.70 million for the quarter, compared to the consensus estimate of $200.96 million. Forum Energy Technologies had a negative net margin of 16.85% and a negative return on equity of 3.97%. Forum Energy Technologies’s revenue for the quarter was up 43.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.19) EPS.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Forum Energy Technologies from a “sell” rating to a “hold” rating in a report on Wednesday. Cowen set a $13.00 price target on shares of Forum Energy Technologies and gave the company a “hold” rating in a report on Thursday, January 11th. Jefferies Group set a $17.00 price target on shares of Forum Energy Technologies and gave the company a “hold” rating in a report on Thursday, January 4th. Citigroup raised their price target on shares of Forum Energy Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, October 5th. Finally, Scotiabank set a $24.00 price target on shares of Forum Energy Technologies and gave the company a “hold” rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.93.

A number of large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its stake in Forum Energy Technologies by 22.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 610,554 shares of the oil and gas company’s stock valued at $9,495,000 after buying an additional 111,105 shares during the last quarter. Bank of Montreal Can grew its stake in Forum Energy Technologies by 24.0% in the 4th quarter. Bank of Montreal Can now owns 33,039 shares of the oil and gas company’s stock valued at $514,000 after buying an additional 6,400 shares during the last quarter. Sterling Capital Management LLC grew its stake in Forum Energy Technologies by 15.8% in the 3rd quarter. Sterling Capital Management LLC now owns 165,721 shares of the oil and gas company’s stock valued at $2,635,000 after buying an additional 22,610 shares during the last quarter. Royce & Associates LP grew its stake in Forum Energy Technologies by 19.6% in the 3rd quarter. Royce & Associates LP now owns 250,319 shares of the oil and gas company’s stock valued at $3,980,000 after buying an additional 41,000 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC grew its stake in Forum Energy Technologies by 1.4% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 941,660 shares of the oil and gas company’s stock valued at $14,972,000 after buying an additional 13,110 shares during the last quarter. Institutional investors and hedge funds own 95.72% of the company’s stock.

Forum Energy Technologies (FET) traded up $0.15 during trading on Thursday, hitting $17.15. 490,500 shares of the stock were exchanged, compared to its average volume of 831,168. The company has a current ratio of 3.74, a quick ratio of 1.76 and a debt-to-equity ratio of 0.34. Forum Energy Technologies has a fifty-two week low of $10.05 and a fifty-two week high of $26.25.

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About Forum Energy Technologies

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

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