Favorable News Coverage Somewhat Unlikely to Affect Forum Energy Technologies (NYSE:FET) Share Price

Media stories about Forum Energy Technologies (NYSE:FET) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Forum Energy Technologies earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 46.0496650830855 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news articles that may have effected Accern Sentiment’s analysis:

Shares of Forum Energy Technologies (FET) opened at $17.35 on Tuesday. The stock has a market capitalization of $1,875.48, a P/E ratio of -13.77 and a beta of 1.66. The company has a current ratio of 3.74, a quick ratio of 1.76 and a debt-to-equity ratio of 0.34. Forum Energy Technologies has a 1 year low of $10.05 and a 1 year high of $26.25.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10). The business had revenue of $198.70 million for the quarter, compared to analysts’ expectations of $200.96 million. Forum Energy Technologies had a negative return on equity of 3.97% and a negative net margin of 16.85%. Forum Energy Technologies’s quarterly revenue was up 43.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.19) earnings per share. analysts predict that Forum Energy Technologies will post -0.36 EPS for the current year.

FET has been the subject of a number of research reports. Cowen set a $13.00 price objective on 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 target on Forum Energy Technologies and gave the company a “hold” rating in a report on Thursday, January 4th. Zacks Investment Research lowered Forum Energy Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Barclays reiterated a “hold” rating and set a $17.00 price target on shares of Forum Energy Technologies in a report on Sunday, November 5th. Finally, Scotiabank set a $24.00 price target on Forum Energy Technologies and gave the company a “hold” rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.93.

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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.

Insider Buying and Selling by Quarter for Forum Energy Technologies (NYSE:FET)

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