Forum Energy Technologies (FET) will publish its results on Friday

Forum Energy Technologies (NYSE:FET – Get Rating) is expected to release its quarterly results before market open on Friday, August 5. Those interested in listening to the company’s earnings conference call can do so using this link.

Forum Energy Technologies (NYSE:FET – Get Rating) last reported quarterly earnings data on Thursday, May 5. The oil and gas company reported EPS ($2.00) for the quarter. Forum Energy Technologies recorded a negative net margin of 10.69% and a negative return on equity of 15.30%. The company had revenue of $155.20 million for the quarter.

Forum Energy Technologies share performance

Shares of FET opened at $19.22 on Friday. The company has a debt ratio of 0.74, a quick ratio of 1.00 and a current ratio of 2.38. The company has a market capitalization of $109.94 million, a PE ratio of -1.75 and a beta of 3.34. Forum Energy Technologies has a 52-week low of $14.71 and a 52-week high of $26.20. The company’s 50-day moving average price is $21.33 and its 200-day moving average price is $21.16.

Insider activity at the Energy Technologies Forum

In other news, insider Scf Partners, Inc. sold 6,000 shares of the company in a trade dated Monday, May 2. The shares were sold at an average price of $21.09, for a total value of $126,540.00. Following the sale, the insider now owns 42,890 shares of the company, valued at approximately $904,550.10. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Company insiders own 11.00% of the company’s shares.

Forum Energy Technologies Institutional Trading

Several hedge funds have recently bought and sold shares of FET. Northern Trust Corp bought a new position in shares of Forum Energy Technologies in the first quarter worth $204,000. State Street Corp increased its stake in Forum Energy Technologies by 6.8% in the first quarter. State Street Corp now owns 15,996 shares of the oil and gas company valued at $366,000 after buying an additional 1,022 shares in the last quarter. Bank of New York Mellon Corp increased its holdings of Forum Energy Technologies shares 25.3% in the first quarter. Bank of New York Mellon Corp now owns 22,173 shares of the oil and gas company worth $507,000 after buying 4,480 more shares last quarter. Finally, Dimensional Fund Advisors LP increased its holding in shares of Forum Energy Technologies by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 150,797 shares of the oil and gas company worth $3,453,000 after buying 9,076 additional shares in the last quarter. 44.06% of the shares are currently held by institutional investors and hedge funds.

Analyst upgrades and downgrades

Separately, took over coverage of Forum Energy Technologies stocks in a Thursday, March 31 research note. They issued a “holding” rating for the company.

Company Profile Forum Energy Technologies

(Get an assessment)

Forum Energy Technologies, Inc. designs, manufactures, and distributes products for the petroleum, natural gas, industrial, and renewable energy industries in the United States and around the world. It operates through three segments: drilling and 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 the oil and natural gas, renewable energy, defense and communications.

Featured articles

Forum Energy Technologies (NYSE:FET) Earnings History

Get news and reviews for Forum Energy Technologies Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Forum Energy Technologies and related companies with’s free daily email newsletter.

Melvin B. Baillie