Forum Energy Technologies (FET) to Release Quarterly Earnings on Monday

Forum Energy Technologies (NYSE:FET) is expected to be issuing its quarterly earnings data before the market opens on Monday, February 17th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $201.85 million for the quarter.

Forum Energy Technologies Trading Down 1.7 %

Shares of Forum Energy Technologies stock opened at $17.68 on Thursday. The company’s fifty day simple moving average is $16.68 and its two-hundred day simple moving average is $16.13. Forum Energy Technologies has a 12-month low of $12.83 and a 12-month high of $20.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.93 and a quick ratio of 0.87.

Insider Buying and Selling

In other Forum Energy Technologies news, Director Louis Raspino sold 4,950 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $15.41, for a total value of $76,279.50. Following the completion of the sale, the director now owns 16,121 shares in the company, valued at approximately $248,424.61. This trade represents a 23.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.20% of the stock is owned by insiders.

Forum Energy Technologies Company Profile

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.