News articles about Forum Energy Technologies (NYSE:FET) have trended positive on Sunday, Accern reports. The research firm identifies positive and negative media coverage by reviewing 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 nearest to one being the most favorable. Forum Energy Technologies earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.1025553570467 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Forum Energy Technologies Inc (FET) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Forum Energy Technologies Inc.: Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2017 Earnings Release and Conference Call (twst.com)
- Equities Analysts Set Expectations for Forum Energy Technologies Inc’s FY2017 Earnings (FET) (americanbankingnews.com)
Several brokerages have recently issued reports on FET. Cowen set a $11.00 price target on shares of Forum Energy Technologies and gave the stock a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research lowered shares of Forum Energy Technologies from a “hold” rating to a “sell” rating in a research note on Friday, November 3rd. Citigroup raised their price target on shares of Forum Energy Technologies from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, October 5th. Jefferies Group set a $17.00 price target on shares of Forum Energy Technologies and gave the stock a “hold” rating in a research note on Thursday, January 4th. Finally, Barclays restated a “hold” rating and set a $17.00 price target on shares of Forum Energy Technologies in a research note on Sunday, November 5th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. Forum Energy Technologies currently has a consensus rating of “Hold” and a consensus target price of $17.93.
Forum Energy Technologies (NYSE:FET) last released its quarterly earnings data on Tuesday, October 31st. The oil and gas company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10). Forum Energy Technologies had a negative net margin of 7.46% and a negative return on equity of 5.05%. The business had revenue of $198.70 million during the quarter, compared to analyst estimates of $200.96 million. During the same period in the previous year, the business earned ($0.19) EPS. Forum Energy Technologies’s revenue was up 43.7% compared to the same quarter last year. equities analysts predict that Forum Energy Technologies will post -0.36 earnings per share for the current fiscal year.
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About Forum Energy Technologies
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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