News stories about Forum Energy Technologies (NYSE:FET) have been trending positive on Tuesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Forum Energy Technologies earned a news sentiment score of 0.34 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 46.714708594795 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
FET has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Forum Energy Technologies from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Monday, October 16th. Barclays restated a “hold” rating and set a $17.00 price objective on shares of Forum Energy Technologies in a research note on Sunday, November 5th. Jefferies Group set a $17.00 price objective on shares of Forum Energy Technologies and gave the stock a “hold” rating in a research note on Thursday, January 4th. Cowen set a $13.00 price target on shares of Forum Energy Technologies and gave the company a “hold” rating in a research note on Thursday, January 11th. Finally, Capital One Financial upgraded shares of Forum Energy Technologies from an “equal weight” rating to an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.63.
Shares of Forum Energy Technologies (NYSE:FET) opened at $11.45 on Tuesday. Forum Energy Technologies has a twelve month low of $10.05 and a twelve month high of $23.00. The company has a current ratio of 3.74, a quick ratio of 1.76 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1,270.00, a P/E ratio of -17.35 and a beta of 1.70.
Forum Energy Technologies (NYSE:FET) last issued its quarterly earnings results on Thursday, February 8th. The oil and gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). The firm had revenue of $247.70 million for the quarter, compared to the consensus estimate of $249.85 million. Forum Energy Technologies had a negative return on equity of 3.11% and a negative net margin of 6.99%. The business’s revenue was up 68.4% on a year-over-year basis. During the same period last year, the company posted ($0.16) EPS. research analysts forecast that Forum Energy Technologies will post 0.15 earnings per share for the current year.
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Forum Energy Technologies Company Profile
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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