For its fourth fiscal quarter (ending December 31), Forum Energy Technologies Inc (NYSE: FET) has reported E.P.S. of $-1.64 compared to $-2.22 a year ago. E.P.S. were $-1.85 for the latest four quarters through December 31 versus $0.65 for the same period a year ago — a decline of -385%.
Recent Price Action
On 2/29/24, Forum Energy Technologies Inc (NYSE: FET) stock enjoyed a large increase of 3.0%, closing at $20.01. However, trading volume in this advance was below average at 72% of normal. The stock has been weak relative to the market over the last nine months but has risen 3.1% during the last week.
Current PriceTarget Research Rating
FET is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Forum Energy Technologies has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Forum Energy Technologies has a good Appreciation Score of 72 but a slightly negative Power Rating of 35, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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