Forum Energy Technologies Inc (NYSE:FET) – B. Riley issued their Q1 2018 earnings per share (EPS) estimates for Forum Energy Technologies in a research report issued to clients and investors on Monday. B. Riley analyst T. Curran expects that the oil and gas company will post earnings per share of ($0.06) for the quarter. B. Riley currently has a “Neutral” rating and a $13.00 price target on the stock. B. Riley also issued estimates for Forum Energy Technologies’ Q2 2018 earnings at ($0.04) EPS, FY2018 earnings at ($0.02) EPS, Q1 2019 earnings at $0.08 EPS, Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.12 EPS and Q4 2019 earnings at $0.13 EPS.
Other equities research analysts also recently issued research reports about the company. Jefferies Group raised Forum Energy Technologies from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday. TheStreet raised Forum Energy Technologies from a “d+” rating to a “c-” rating in a research report on Friday, February 9th. Zacks Investment Research raised Forum Energy Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 17th. Cowen set a $13.00 price objective on Forum Energy Technologies and gave the company a “hold” rating in a research report on Thursday, January 11th. Finally, Barclays reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Forum Energy Technologies in a research report on Sunday, November 5th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $16.50.
Forum Energy Technologies (NYSE:FET) last released 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). Forum Energy Technologies had a negative return on equity of 3.11% and a negative net margin of 6.99%. The company had revenue of $247.70 million during the quarter, compared to analyst estimates of $249.85 million. During the same period last year, the firm earned ($0.16) earnings per share. The business’s revenue was up 68.4% compared to the same quarter last year.
Hedge funds have recently bought and sold shares of the business. QS Investors LLC grew its position in Forum Energy Technologies by 205.7% during the second quarter. QS Investors LLC now owns 8,323 shares of the oil and gas company’s stock valued at $130,000 after acquiring an additional 5,600 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in Forum Energy Technologies by 86.4% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 9,556 shares of the oil and gas company’s stock valued at $152,000 after acquiring an additional 4,429 shares during the period. MML Investors Services LLC purchased a new stake in Forum Energy Technologies during the fourth quarter valued at about $159,000. Two Sigma Investments LP purchased a new stake in Forum Energy Technologies during the fourth quarter valued at about $163,000. Finally, Amalgamated Bank purchased a new stake in Forum Energy Technologies during the fourth quarter valued at about $167,000. 95.12% of the stock is owned by hedge funds and other institutional investors.
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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