Forum Energy Technologies (FET) to Release Earnings on Wednesday – MarketBeat
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Forum Energy Technologies (NYSE:FET – Get Rating) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 9th. Forum Energy Technologies has set its Q3 2022 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Forum Energy Technologies (NYSE:FET – Get Rating) last announced its earnings results on Thursday, August 4th. The oil and gas company reported ($0.73) earnings per share for the quarter. Forum Energy Technologies had a negative net margin of 5.04% and a negative return on equity of 12.63%. The business had revenue of $172.20 million for the quarter.
Forum Energy Technologies Trading Down 1.1 %
NYSE:FET opened at $26.09 on Wednesday. The business has a fifty day moving average of $24.50 and a 200-day moving average of $22.75. The stock has a market cap of $149.26 million, a price-to-earnings ratio of -4.49 and a beta of 2.94. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.16 and a current ratio of 2.63. Forum Energy Technologies has a 1 year low of $14.71 and a 1 year high of $30.99.
Institutional Investors Weigh In On Forum Energy Technologies
Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Forum Energy Technologies by 6.8% in the first quarter. State Street Corp now owns 15,996 shares of the oil and gas company’s stock valued at $366,000 after buying an additional 1,022 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Forum Energy Technologies by 25.3% during the first quarter. Bank of New York Mellon Corp now owns 22,173 shares of the oil and gas company’s stock valued at $507,000 after purchasing an additional 4,480 shares during the last quarter. Northern Trust Corp acquired a new position in shares of Forum Energy Technologies in the 1st quarter valued at $204,000. Dimensional Fund Advisors LP increased its stake in Forum Energy Technologies by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 150,797 shares of the oil and gas company’s stock worth $3,453,000 after purchasing an additional 9,076 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Forum Energy Technologies during the 2nd quarter worth about $281,000. 46.51% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of Forum Energy Technologies in a report on Wednesday, October 12th. They issued a “hold” rating for the company.
Forum Energy Technologies Company Profile
(Get Rating)
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 markets, including applications in oil and natural gas, renewable energy, defense, and communications.
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