Media coverage about Forum Energy Technologies (NYSE:FET) has trended somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. 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 headlines about the oil and gas company an impact score of 47.4912142863247 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Forum Energy Technologies (NYSE:FET) opened at $14.90 on Friday. 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 12-month low of $10.05 and a 12-month high of $26.25.
Forum Energy Technologies (NYSE:FET) last released its quarterly earnings results on Tuesday, October 31st. The oil and gas company reported ($0.10) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.10). The firm had revenue of $198.70 million for the quarter, compared to analyst estimates of $200.96 million. Forum Energy Technologies had a negative net margin of 16.85% and a negative return on equity of 3.97%. The business’s revenue for the quarter was up 43.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.19) EPS. sell-side analysts forecast that Forum Energy Technologies will post -0.36 earnings per share for the current year.
FET has been the topic of several recent research reports. BidaskClub cut Forum Energy Technologies from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Credit Suisse Group cut Forum Energy Technologies from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $23.00 to $12.00 in a report on Thursday, August 24th. Citigroup boosted their target price on Forum Energy Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Jefferies Group set a $17.00 target price on Forum Energy Technologies and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, Cowen set a $11.00 target price on Forum Energy Technologies and gave the stock a “hold” rating in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.79.
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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