Forum Energy Technologies, Inc. (FET) Analysts See $0.02 EPS

October 2, 2018 - By Marie Mckinney

Investors sentiment decreased to 1.16 in 2018 Q2. Its down 0.04, from 1.2 in 2018Q1. It is negative, as 14 investors sold Forum Energy Technologies, Inc. shares while 42 reduced holdings. 17 funds opened positions while 48 raised stakes. 94.23 million shares or 0.23% less from 94.45 million shares in 2018Q1 were reported.
Voya Inv Management Lc has invested 0.04% in Forum Energy Technologies, Inc. (NYSE:FET). 34,706 are owned by State Board Of Administration Of Florida Retirement System. Ftb Advsr Incorporated holds 0% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET) for 600 shares. Susquehanna Group Llp accumulated 18,339 shares or 0% of the stock. Viking Fund Ltd invested 1.31% in Forum Energy Technologies, Inc. (NYSE:FET). Boston owns 1.83M shares or 0.03% of their US portfolio. Aperio Grp Incorporated Llc accumulated 10,127 shares or 0% of the stock. Us Bancshares De holds 4,257 shares. Contrarius Mngmt Limited holds 500,540 shares or 0.24% of its portfolio. Bancorporation reported 0% stake. Wells Fargo And Mn holds 0% or 1.01M shares. Btim Corp owns 789,716 shares. Utd Service Automobile Association owns 0.22% invested in Forum Energy Technologies, Inc. (NYSE:FET) for 1.06M shares. Rhumbline Advisers reported 82,097 shares. Stifel Financial reported 748,376 shares stake.

Analysts expect Forum Energy Technologies, Inc. (NYSE:FET) to report $0.02 EPS on October, 29.They anticipate $0.12 EPS change or 120.00 % from last quarter’s $-0.1 EPS. FET’s profit would be $2.17M giving it 132.38 P/E if the $0.02 EPS is correct. After having $-0.01 EPS previously, Forum Energy Technologies, Inc.’s analysts see -300.00 % EPS growth. The stock increased 2.32% or $0.24 during the last trading session, reaching $10.59. About 1.32M shares traded or 67.03% up from the average. Forum Energy Technologies, Inc. (NYSE:FET) has declined 14.34% since October 2, 2017 and is downtrending. It has underperformed by 29.96% the S&P500.

Forum Energy Technologies, Inc. (NYSE:FET) Ratings Coverage

Among 5 analysts covering Forum Energy Tech (NYSE:FET), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Forum Energy Tech had 6 analyst reports since April 8, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Wednesday, August 1. The stock of Forum Energy Technologies, Inc. (NYSE:FET) has “Hold” rating given on Sunday, April 8 by Piper Jaffray. The company was maintained on Wednesday, May 2 by Citigroup. The stock of Forum Energy Technologies, Inc. (NYSE:FET) earned “Neutral” rating by JP Morgan on Monday, September 17. As per Friday, September 14, the company rating was maintained by Citigroup.

Forum Energy Technologies, Inc. designs, makes, and distributes products to the oil and natural gas industry in the United States and internationally. The company has market cap of $1.15 billion. The firm operates in three divisions: Drilling & Subsea, Completions, and Production & Infrastructure. It has a 23.85 P/E ratio. The Drilling & Subsea segment creates and makes products, and provides related services to the drilling and subsea construction markets.

Another recent and important Forum Energy Technologies, Inc. (NYSE:FET) news was published by Seekingalpha.com which published an article titled: “Forum Energy Technologies Shows Sound Potential” on September 26, 2018.

Forum Energy Technologies, Inc. (NYSE:FET) Institutional Positions Chart

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