Forum Energy Technologies (FET) Expected to Announce Earnings on Thursday

Forum Energy Technologies (NYSE:FET) is expected to be releasing its Q1 2025 earnings data after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.43 per share and revenue of $196.45 million for the quarter.

Forum Energy Technologies (NYSE:FET) last issued its quarterly earnings data on Thursday, February 20th. The oil and gas company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.58). The company had revenue of $201.00 million during the quarter, compared to the consensus estimate of $201.85 million. Forum Energy Technologies had a negative net margin of 16.57% and a negative return on equity of 2.39%.

Forum Energy Technologies Stock Performance

Shares of FET stock opened at $14.47 on Thursday. Forum Energy Technologies has a 52 week low of $12.78 and a 52 week high of $21.57. The company has a market capitalization of $178.99 million, a price-to-earnings ratio of -1.32 and a beta of 1.74. The company has a 50-day simple moving average of $17.65 and a 200 day simple moving average of $16.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.87 and a current ratio of 1.93.

Insider Buying and Selling at Forum Energy Technologies

In other Forum Energy Technologies news, CEO Neal Lux bought 9,129 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $17.65 per share, for a total transaction of $161,126.85. Following the completion of the transaction, the chief executive officer now directly owns 212,250 shares in the company, valued at approximately $3,746,212.50. The trade was a 4.49 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 6.90% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Forum Energy Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, March 6th.

About Forum Energy Technologies

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.