Analysts See $-0.03 EPS for Forum Energy Technologies, Inc. (FET)

January 8, 2018 - By Marie Mckinney

 Analysts See $ 0.03 EPS for Forum Energy Technologies, Inc. (FET)
Investors sentiment decreased to 1.34 in Q3 2017. Its down 0.87, from 2.21 in 2017Q2. It fall, as 21 investors sold Forum Energy Technologies, Inc. shares while 29 reduced holdings. 15 funds opened positions while 52 raised stakes. 97.69 million shares or 4.01% less from 101.77 million shares in 2017Q2 were reported.
Great West Life Assurance Can reported 0% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET). Envestnet Asset Mngmt Incorporated invested in 0% or 16,114 shares. 5.72 million are held by Vanguard Group Inc. Geode Mgmt Ltd Liability Co owns 0% invested in Forum Energy Technologies, Inc. (NYSE:FET) for 576,742 shares. Moreover, Fdx has 0.01% invested in Forum Energy Technologies, Inc. (NYSE:FET). Vaughan Nelson Investment Management Lp holds 0.67% or 3.54 million shares. Jpmorgan Chase And Com owns 1,459 shares. California State Teachers Retirement Sys has 110,055 shares. Metropolitan Life Insur Comm New York owns 0% invested in Forum Energy Technologies, Inc. (NYSE:FET) for 49,080 shares. Moreover, Blackrock has 0% invested in Forum Energy Technologies, Inc. (NYSE:FET). Moreover, Legal And General Gru Public has 0% invested in Forum Energy Technologies, Inc. (NYSE:FET) for 27,838 shares. Ngam Advsr Lp stated it has 280,472 shares. Moreover, Energ Opportunities Cap Limited Liability Corporation has 2.4% invested in Forum Energy Technologies, Inc. (NYSE:FET). Verition Fund Management Limited Com owns 14,253 shares or 0.02% of their US portfolio. Schwab Charles Inv Inc has invested 0.01% in Forum Energy Technologies, Inc. (NYSE:FET).

Analysts expect Forum Energy Technologies, Inc. (NYSE:FET) to report $-0.03 EPS on February, 8.They anticipate $0.13 EPS change or 81.25 % from last quarter’s $-0.16 EPS. After having $-0.10 EPS previously, Forum Energy Technologies, Inc.’s analysts see -70.00 % EPS growth. It closed at $16.6 lastly. It is down 4.75% since January 8, 2017 and is uptrending. It has underperformed by 11.95% the S&P500.

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

Among 21 analysts covering Forum Energy Technologies (NYSE:FET), 4 have Buy rating, 0 Sell and 17 Hold. Therefore 19% are positive. Forum Energy Technologies had 62 analyst reports since July 28, 2015 according to SRatingsIntel. Howard Weil maintained Forum Energy Technologies, Inc. (NYSE:FET) rating on Tuesday, February 16. Howard Weil has “Sector Perform” rating and $13 target. The rating was maintained by Jefferies on Wednesday, July 5 with “Hold”. Scotia Capital maintained Forum Energy Technologies, Inc. (NYSE:FET) on Thursday, March 23 with “Hold” rating. The rating was maintained by Citigroup on Wednesday, July 13 with “Neutral”. The firm earned “Sell” rating on Friday, August 14 by Zacks. The firm earned “Outperform” rating on Monday, December 21 by Credit Suisse. The rating was initiated by Gabelli on Thursday, September 15 with “Hold”. The company was downgraded on Thursday, August 24 by Credit Suisse. The stock of Forum Energy Technologies, Inc. (NYSE:FET) has “Neutral” rating given on Tuesday, May 16 by JP Morgan. The rating was downgraded by William Blair to “Market Perform” on Friday, December 18.

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 $1.79 billion. The firm operates in three divisions: Drilling & Subsea, Completions, and Production & Infrastructure. It currently has negative earnings. 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 Nasdaq.com which published an article titled: “Forum Energy Technologies Reaches Analyst Target Price” on January 03, 2018.

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