Forum Energy Technologies, Inc. (NYSE:FET) – Capital One Financial Corporation decreased their Q3 2017 earnings per share (EPS) estimates for Forum Energy Technologies in a report released on Thursday. Capital One Financial Corporation analyst J. Gibney now forecasts that the oil and gas company will earn ($0.10) per share for the quarter, down from their previous forecast of ($0.06). Capital One Financial Corporation currently has a “Equal Weight” rating on the stock. Capital One Financial Corporation also issued estimates for Forum Energy Technologies’ Q4 2017 earnings at $0.02 EPS, FY2017 earnings at ($0.32) EPS, Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.03 EPS and Q4 2018 earnings at $0.04 EPS.

Several other brokerages have also issued reports on FET. Morgan Stanley restated an “equal weight” rating and issued a $19.00 price objective (down from $25.00) on shares of Forum Energy Technologies in a report on Wednesday, June 21st. BidaskClub upgraded shares of Forum Energy Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered shares of Forum Energy Technologies from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Jefferies Group LLC set a $17.00 price objective on shares of Forum Energy Technologies and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, Citigroup Inc. boosted their price objective on shares of Forum Energy Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, October 5th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $18.73.

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Shares of Forum Energy Technologies (NYSE:FET) opened at 14.20 on Monday. The stock has a 50 day moving average of $13.88 and a 200 day moving average of $15.37. The stock’s market capitalization is $1.37 billion. Forum Energy Technologies has a 52-week low of $10.05 and a 52-week high of $26.25.

Forum Energy Technologies (NYSE:FET) last posted its earnings results on Thursday, July 27th. The oil and gas company reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. Forum Energy Technologies had a negative net margin of 18.89% and a negative return on equity of 4.55%. The firm had revenue of $201.10 million during the quarter, compared to analysts’ expectations of $194.16 million.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Forum Energy Technologies by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 5,678,046 shares of the oil and gas company’s stock valued at $88,577,000 after acquiring an additional 208,851 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Forum Energy Technologies by 9.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,433,239 shares of the oil and gas company’s stock valued at $84,758,000 after acquiring an additional 455,066 shares in the last quarter. BlackRock Inc. grew its position in Forum Energy Technologies by 28,940.8% in the 1st quarter. BlackRock Inc. now owns 4,365,706 shares of the oil and gas company’s stock valued at $90,370,000 after acquiring an additional 4,350,673 shares in the last quarter. Aberdeen Asset Management PLC UK grew its position in Forum Energy Technologies by 29.8% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 3,180,777 shares of the oil and gas company’s stock valued at $49,620,000 after acquiring an additional 731,128 shares in the last quarter. Finally, Hillman Co. grew its position in Forum Energy Technologies by 1.5% in the 2nd quarter. Hillman Co. now owns 2,361,295 shares of the oil and gas company’s stock valued at $36,836,000 after acquiring an additional 35,485 shares in the last quarter.

About Forum Energy Technologies

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.

Earnings History and Estimates for Forum Energy Technologies (NYSE:FET)

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