Somewhat Positive News Coverage Somewhat Unlikely to Impact Forum Energy Technologies (FET) Share Price

Media coverage about Forum Energy Technologies (NYSE:FET) has trended somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Forum Energy Technologies earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 46.8993791677541 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media stories that may have effected Accern’s rankings:

Shares of Forum Energy Technologies (NYSE FET) opened at $14.10 on Thursday. 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 52-week low of $10.05 and a 52-week high of $26.25.

Forum Energy Technologies (NYSE:FET) last issued its quarterly earnings data on Tuesday, October 31st. The oil and gas company reported ($0.10) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.10). The firm had revenue of $198.70 million during the quarter, compared to the consensus estimate of $200.96 million. Forum Energy Technologies had a negative return on equity of 3.97% and a negative net margin of 16.85%. The firm’s revenue was up 43.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.19) EPS. sell-side analysts predict that Forum Energy Technologies will post -0.36 earnings per share for the current year.

A number of equities analysts have issued reports on the company. Citigroup upped their target price on Forum Energy Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 5th. Zacks Investment Research raised Forum Energy Technologies from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Monday, October 16th. Barclays reaffirmed a “hold” rating and issued a $17.00 target price on shares of Forum Energy Technologies in a research report on Sunday, November 5th. Scotiabank set a $24.00 target price on Forum Energy Technologies and gave the company a “hold” rating in a research report on Thursday, October 12th. Finally, Jefferies Group set a $17.00 target price on Forum Energy Technologies and gave the company a “hold” rating in a research report on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.79.

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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.

Insider Buying and Selling by Quarter for Forum Energy Technologies (NYSE:FET)

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