News coverage about Forum Energy Technologies (NYSE:FET) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Forum Energy Technologies earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 46.4456928837539 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- $246.21 Million in Sales Expected for Forum Energy Technologies Inc (FET) This Quarter (americanbankingnews.com)
- Investor’s Watch List: Forum Energy Technologies Inc (FET) – Emn News (emnnews.com)
- Forum Energy Technologies Announces CFO Succession – Business Wire (press release) (businesswire.com)
- Forum Energy Technologies (FET) Announces CFO Succession (streetinsider.com)
Several equities analysts have recently commented on FET shares. Cowen set a $13.00 price target on shares of Forum Energy Technologies and gave the company a “hold” rating in a report on Thursday, January 11th. Zacks Investment Research cut shares of Forum Energy Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Jefferies Group set a $17.00 price target on shares of Forum Energy Technologies and gave the company a “hold” rating in a report on Thursday, January 4th. Barclays restated a “hold” rating and set a $17.00 price target on shares of Forum Energy Technologies in a report on Sunday, November 5th. Finally, Capital One Financial upgraded shares of Forum Energy Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, February 9th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Forum Energy Technologies presently has a consensus rating of “Hold” and a consensus price target of $16.40.
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 (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Forum Energy Technologies had a negative net margin of 6.99% and a negative return on equity of 3.11%. The firm had revenue of $247.70 million for the quarter, compared to the consensus estimate of $249.85 million. During the same quarter last year, the company earned ($0.16) earnings per share. The firm’s revenue was up 68.4% on a year-over-year basis. analysts anticipate that Forum Energy Technologies will post 0.04 EPS for the current fiscal 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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