Forum Energy Technologies (FET) is expected to release its results on Tuesday

Forum Energy Technologies (NYSE:FET) is expected to report quarterly results before market open on Tuesday, March 1. Analysts expect Forum Energy Technologies to post earnings of ($0.80) per share for the quarter. Those interested in participating in the company’s earnings conference call can do so using this link.

Shares of FET opened at $18.94 on Tuesday. The company has a market capitalization of $107.58 million, a PE ratio of -1.11 and a beta of 3.66. The company has a current ratio of 2.71, a quick ratio of 1.30 and a debt ratio of 0.67. The company has a fifty-day simple moving average of $18.00 and a two-hundred-day simple moving average of $19.53. Forum Energy Technologies has a 1-year low of $14.71 and a 1-year high of $28.50.

Separately, Zacks Investment Research upgraded shares of Forum Energy Technologies from a “sell” rating to a “hold” rating in a Monday, Jan. 10 research note.

Major investors have recently been buying and selling shares of the company. JPMorgan Chase & Co. increased its stake in shares of Forum Energy Technologies by 6.3% in the 4th quarter. JPMorgan Chase & Co. now owns 9,978 shares of the oil and gas company worth $160,000 after buying 594 more shares last quarter. Bank of New York Mellon Corp bought a new stake in shares of Forum Energy Technologies in Q3 for $287,000. Millennium Management LLC bought a new stake in shares of Forum Energy Technologies in the 4th quarter at a value of $213,000. Bank of America Corp DE increased its stake in shares of Forum Energy Technologies by 5.3% in Q2. Bank of America Corp DE now owns 14,241 shares of the oil and gas company worth $334,000 after buying 715 more shares last quarter. Finally, Invesco Ltd. increased its stake in shares of Forum Energy Technologies by 3.6% in the third quarter. Invesco Ltd. now owns 19,005 shares of the oil and gas company worth $428,000 after buying 664 more shares in the last quarter. Hedge funds and other institutional investors own 48.23% of the company’s shares.

Company Profile Forum Energy Technologies

Forum Energy Technologies, Inc. is a global petroleum products company. The company serves the drilling, downhole, subsea, completions and production sectors of the energy industry. It operates through the following segments: Drilling and Downhole, Completions, Production and Enterprise. The Drilling and Downhole segment provides services to the drilling, well construction, artificial lift and subsea construction and energy services markets.

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