Forum Energy Technologies Inc (NYSE: FET) has reported E.P.S. of $-1.20 for its third fiscal quarter (ending September 30) versus $0.78 for the same period a year ago — a decline of -254%. For the latest four quarters through September 30, E.P.S. were $-4.23 versus $-2.43 for the same period a year ago — an increase of 74%.
Recent Price Action
Forum Energy Technologies Inc (NYSE: FET) stock closed at $13.98 on 10/31/24 after a slight decline of -0.3%. Moreover, trading volume in this decline was above average at 123% of normal. The stock has declined -3.2% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
FET is expected to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Forum Energy Technologies has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Forum Energy Technologies has a good Appreciation Score of 79 but a very low Power Rating of 15, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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