Media stories about Forum Energy Technologies (NYSE:FET) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Forum Energy Technologies earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.5923834096689 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Comparing Forum Energy Technologies (FET) & Ranger Energy Services (RNGR) (americanbankingnews.com)
- Forum Energy Technologies, Inc., (NYSE: FET) – Beta Factor to Watch – Stock Watch (stocksnewstimes.com)
- Zacks Investment Research Lowers Forum Energy Technologies (FET) to Sell (americanbankingnews.com)
- Q1 2018 EPS Estimates for Forum Energy Technologies Inc (FET) Cut by Jefferies Group (americanbankingnews.com)
- Q1 2018 EPS Estimates for Forum Energy Technologies Inc (FET) Lowered by Analyst (americanbankingnews.com)
Several research analysts have issued reports on the company. Zacks Investment Research cut Forum Energy Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Cowen set a $13.00 price objective on shares of Forum Energy Technologies and gave the stock a “hold” rating in a research report on Thursday, January 11th. Jefferies Group set a $17.00 price objective on shares of Forum Energy Technologies and gave the stock a “hold” rating in a research report on Thursday, January 4th. Barclays reiterated a “hold” rating and set a $17.00 price objective on shares of Forum Energy Technologies in a research 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 research report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. Forum Energy Technologies has an average rating of “Hold” and a consensus target price of $16.40.
Forum Energy Technologies (NYSE:FET) opened at $12.00 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.76 and a current ratio of 3.74. Forum Energy Technologies has a fifty-two week low of $10.05 and a fifty-two week high of $23.00. The company has a market cap of $1,297.16, a price-to-earnings ratio of -18.46 and a beta of 1.70.
Forum Energy Technologies (NYSE:FET) last posted its quarterly earnings results on Thursday, February 8th. The oil and gas company reported ($0.04) EPS for the quarter, missing the 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 company had revenue of $247.70 million for the quarter, compared to analysts’ expectations of $249.85 million. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. The company’s revenue was up 68.4% on a year-over-year basis. sell-side analysts predict that Forum Energy Technologies will post 0.05 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Forum Energy Technologies (FET) Stock Price” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://ledgergazette.com/2018/02/18/somewhat-favorable-media-coverage-somewhat-unlikely-to-affect-forum-energy-technologies-fet-stock-price.html.
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.
Receive News & Ratings for Forum Energy Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forum Energy Technologies and related companies with MarketBeat.com's FREE daily email newsletter.