News articles about Forum Energy Technologies (NYSE:FET) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Forum Energy Technologies earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the oil and gas company an impact score of 46.6082639989625 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

A number of research firms recently commented on FET. Cowen and Company lowered their price target on shares of Forum Energy Technologies from $15.00 to $11.00 and set a “market perform” rating for the company in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Forum Energy Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Scotiabank set a $24.00 price target on shares of Forum Energy Technologies and gave the company a “hold” rating in a report on Monday, July 31st. Capital One Financial Corporation lowered shares of Forum Energy Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, July 28th. Finally, BidaskClub lowered shares of Forum Energy Technologies from a “sell” rating to a “strong sell” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $20.50.

Forum Energy Technologies (NYSE FET) opened at 13.45 on Monday. The company’s market capitalization is $1.29 billion. The firm has a 50-day moving average of $15.33 and a 200 day moving average of $18.39. Forum Energy Technologies has a one year low of $12.75 and a one year high of $26.25.

Forum Energy Technologies (NYSE:FET) last released its earnings results on Thursday, July 27th. The oil and gas company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. Forum Energy Technologies had a negative return on equity of 4.55% and a negative net margin of 18.89%. The business had revenue of $201.10 million during the quarter, compared to the consensus estimate of $194.16 million. Equities research analysts predict that Forum Energy Technologies will post ($0.31) earnings per share for the current fiscal year.

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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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