Forum Energy Technologies (FET) Set to Announce Earnings on Friday

Forum Energy Technologies (NYSE:FET) is scheduled to be posting its quarterly earnings results before the market opens on Friday, November 1st. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Forum Energy Technologies (NYSE:FET) last posted its earnings results on Thursday, August 1st. The oil and gas company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.11). Forum Energy Technologies had a negative return on equity of 1.37% and a negative net margin of 3.34%. The business had revenue of $205.20 million during the quarter. During the same period last year, the firm posted $0.10 earnings per share.

Forum Energy Technologies Stock Performance

Shares of FET opened at $13.94 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.69 and a quick ratio of 1.19. Forum Energy Technologies has a one year low of $13.93 and a one year high of $24.48. The firm has a market capitalization of $171.24 million, a P/E ratio of -5.91 and a beta of 2.44. The business has a fifty day moving average of $15.96 and a 200 day moving average of $16.98.

Insider Buying and Selling

In other news, CEO Neal Lux acquired 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average price of $15.22 per share, with a total value of $68,490.00. Following the completion of the acquisition, the chief executive officer now directly owns 145,890 shares of the company’s stock, valued at approximately $2,220,445.80. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.20% of the stock is currently owned by corporate insiders.

Forum Energy Technologies Company Profile

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.