Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Forum Energy Technologies (NYSE:FET) Stock Price

Press coverage about Forum Energy Technologies (NYSE:FET) has trended somewhat positive on Saturday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public 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 0.16 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.8993791677541 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of Forum Energy Technologies (FET) opened at $13.20 on Friday. Forum Energy Technologies has a 52-week low of $10.05 and a 52-week high of $26.25. The company has a quick ratio of 1.76, a current ratio of 3.74 and a debt-to-equity ratio of 0.34.

Forum Energy Technologies (NYSE:FET) last posted its quarterly earnings data on Tuesday, October 31st. The oil and gas company reported ($0.10) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.10). The business had revenue of $198.70 million during the quarter, compared to analysts’ expectations of $200.96 million. Forum Energy Technologies had a negative net margin of 16.85% and a negative return on equity of 3.97%. Forum Energy Technologies’s revenue was up 43.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.19) earnings per share. analysts expect that Forum Energy Technologies will post -0.36 earnings per share for the current fiscal year.

A number of research firms have recently issued reports on FET. Jefferies Group 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. Citigroup lifted 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. Deutsche Bank began coverage on shares of Forum Energy Technologies in a report on Tuesday, October 10th. They set a “hold” rating and a $17.00 target price on the stock. Cowen set a $11.00 target price on shares of Forum Energy Technologies and gave the stock a “hold” rating in a report on Friday, October 6th. Finally, Scotiabank set a $24.00 target price on shares of Forum Energy Technologies and gave the stock a “hold” rating in a report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.79.

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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.

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