Recent News posted below.
FET Forum Energy Technologies Inc Recent Headline News
NYSE stocks posting largest volume increases
AP - Fri Nov 07, 5:08PM CST
NEW YORK (AP) — A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:
PNK: 22.85 (-0.37), BCB.TO: 7.21 (+0.06), COT: 6.37 (+0.13), PPO: 53.68 (-0.05), AMBR: 11.40 (-2.21), NSM: 29.83 (+1.96), QTWO: 18.87 (+3.77), EV: 43.90 (+6.38), CRD.B: 9.37 (-0.30), GNW: 8.41 (-0.25), FET: 27.70 (+1.41), CRD.A: 8.16 (-0.05)
Forum Energy Technologies Announces $150 Million Share Repurchase Program
Business Wire - Mon Oct 27, 3:43PM CDT
Forum Energy Technologies, Inc. (NYSE: FET) today announced that its Board of Directors has authorized a share repurchase program for the repurchase of outstanding shares of the company's Common Stock having an aggregate purchase price of up to $150 million. Shares may be repurchased under the program from time to time, in amounts and at prices that the company deems appropriate, subject to market and business conditions, applicable legal requirements and other considerations. The program may be executed using open market purchases pursuant to Rule 10b-18 under the Securities Exchange Act of 1934, as amended, in privately negotiated agreements, by way of issuer tender offers, Rule 10b5-1 plans or other transactions.
FET: 27.70 (+1.41)
Forum Energy tops Street 3Q forecasts
Automated Insights - Fri Oct 24, 4:03AM CDT
HOUSTON (AP) _ Forum Energy Technologies Inc. (FET) on Friday reported earnings of $52.2 million in its third quarter.
FET: 27.70 (+1.41)
Forum Energy Technologies Announces Third Quarter 2014 Results
Business Wire - Thu Oct 23, 7:24PM CDT
Forum Energy Technologies, Inc. (NYSE:FET) today announced third quarter 2014 revenue of $469 million compared to $390 million for the third quarter 2013. Net income for the quarter was $52 million or $0.54 per diluted share compared to $33 million or $0.35 per diluted share for the prior year period. Excluding $0.02 per share of non-operational items, adjusted diluted earnings per share were $0.52 in the third quarter of 2014. See Table I for a reconciliation of GAAP to non-GAAP financial information.
FET: 27.70 (+1.41)
Forum Energy Tech (FET) Downgraded From Buy to Hold
at The Street - Wed Oct 15, 8:21AM CDT
Forum Energy Tech (FET) has been downgraded by TheStreet Ratings from Buy to Hold with a ratings score of C.
FET: 27.70 (+1.41)
Forum Energy Technologies Slumps: FET Tumbles 8.4% in Session - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Tue Oct 14, 7:43AM CDT
Forum Energy Technologies has been witnessing a mixed current year earnings estimate and its share price has been declining for past few weeks
NOV: 73.26 (+0.39), POWR: 11.16 (+0.22), OIS: 57.79 (+0.53), FET: 27.70 (+1.41)
Forum Energy Technologies Announces Timing of Third Quarter 2014 Earnings Release and Conference Call
Business Wire - Wed Sep 24, 8:00AM CDT
Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2014 earnings conference call at 9:00 AM CDT on Friday October 24, 2014. Forum will issue a press release regarding its third quarter 2014 earnings prior to the conference call.
FET: 27.70 (+1.41)
Forum Energy Technologies Awarded Contract for Eight Remotely Operated Vehicles
Business Wire - Tue Sep 02, 8:32AM CDT
Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has received an order from Vard Holdings Limited ("VARD"
FET: 27.70 (+1.41)
Analyst Scanner on Energy Equipment and Services Equities -- Hercules Offshore, Nabors Industries, Patterson-UTI Energy, Forum Energy Technologies, and Oceaneering International
PR Newswire - Tue Aug 12, 7:40AM CDT
The trading session on Monday, August 11, 2014 ended on a higher note as the Dow Jones Industrial Average finished at 16,569.98, up 0.10% and the NASDAQ Composite closed at 4,401.33, up 0.70%. The S&P 500 finished the day 0.28% higher at 1,936.92. During the trading session seven out of ten sectors finished on a positive note. The S&P 500 Energy Sector Index finished the day at 702.45, down 0.15%, while the index has advanced 2.49% in the previous three months. Investor-Edge has initiated coverage on the following equities: Hercules Offshore Inc. (NASDAQ: HERO), Nabors Industries Ltd (NYSE: NBR), Patterson-UTI Energy Inc. (NASDAQ: PTEN), Forum Energy Technologies Inc. (NYSE: FET) and Oceaneering International Inc. (NYSE: OII). Free research on these five companies can be accessed at:
HERO: 1.74 (+0.23), OII: 71.33 (+1.43), NBR: 17.70 (+0.53), FET: 27.70 (+1.41), PTEN: 22.36 (+0.45)
Forum Energy Technologies Announces Second Quarter 2014 Results
Business Wire - Thu Jul 24, 5:42PM CDT
Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2014 revenue of $428 million compared to $368 million for the second quarter 2013. Net income for the quarter was $40 million or $0.41 per diluted share compared to $30 million or $0.32 per diluted share for the prior year period. Included in the second quarter 2014 results was $0.03 per share of non-operational items, and excluding these items adjusted diluted earnings per share were $0.44. See table I for a reconciliation of GAAP to non-GAAP financial information.
FET: 27.70 (+1.41)
Will FMC Technologies (FTI) Miss on Q2 Earnings Estimates? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Jul 21, 9:30AM CDT
FMC Technologies, Inc. (FTI) is scheduled to report second-quarter 2014 results on Jul 22, after the market closes.
PES: 8.40 (+0.09), FTI: 56.99 (+1.08), FET: 27.70 (+1.41), SPN: 25.01 (+0.63)
Dresser-Rand Group (DRC) Surges: Stock Moves 12.6% Higher - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Fri Jul 18, 8:04AM CDT
Dresser-Rand Group Inc. (DRC) was a big mover last session, as the company saw its shares rise over 12% on the day.
DRC: 81.76 (+0.03), CAM: 59.24 (+0.95), DRQ: 88.65 (+2.18), FET: 27.70 (+1.41)
Cameron International Hits 52-Week High on Strong Fundamentals - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jul 10, 7:29AM CDT
Shares of Cameron International Corporation (CAM) hit a 52-week high of $69.33 on Jul 9, 2014. In fact, the oil drilling equipment maker's stock price climbed over 17% since the beginning of the year.
GE: 26.41 (+0.05), CAM: 59.24 (+0.95), MTRX: 22.99 (+0.50), FET: 27.70 (+1.41)
Forum Energy wins contract for four ROVs from Marine Platforms Limited
M2 - Tue Jul 08, 7:13AM CDT
Oilfield products company Forum Energy Technologies Inc (NYSE:FET) has received an order to supply four work-class remotely operated vehicle (ROV) systems, from Marine Platforms Limited (MPL), it disclosed on Monday.
FET: 27.70 (+1.41)
Forum Energy Technologies Awarded Contract for Four Remotely Operated Vehicles from Marine Platforms Limited
Business Wire - Mon Jul 07, 11:29AM CDT
Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has received an order from Marine Platforms Limited (MPL) to supply four work-class remotely operated vehicle (ROV) systems each complete with a Dynacon Launch and Recovery Systems (LARS). The order includes three Perry(TM) heavy work class XLX Evo 200HP ROVs, the latest generation of the Perry XLX series. Two of the systems will be mobilised aboard MPL's new "African Inspiration" multi-purpose service vessel for service offshore West Africa and the other two will be added to their global fleet.
FET: 27.70 (+1.41)
Insider Trading Alert - FET, PLD And GPOR Traded By Insiders
at The Street - Mon Jun 23, 10:15AM CDT
Stocks with insider trader activity include FET, PLD and GPOR
GPOR: 55.16 (+3.21), PLD: 41.41 (-0.17), FET: 27.70 (+1.41)
Forum Energy (FET) Enters Overbought Territory - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Fri Mar 21, 7:13AM CDT
Forum Energy (FET) Enters Overbought Territory
FET: 27.70 (+1.41)
Forum Energy Technologies Announces Timing of First Quarter 2014 Earnings Release and Conference Call
Business Wire - Thu Mar 13, 10:52AM CDT
Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2014 earnings conference call at 9:00 AM CDT on Friday, April 25, 2014. Forum will issue a press release regarding its first quarter 2014 earnings prior to the conference call.
FET: 27.70 (+1.41)
Forum Energy Technologies Announces Appointment of Senior Vice President - Drilling Technologies
Business Wire - Mon Mar 10, 9:04AM CDT
Forum Energy Technologies, Inc. (NYSE: FET) is pleased to announce that James Bement has been appointed Senior Vice President - Drilling Technologies. In this role, he will be responsible for leading and driving performance of Forum's global drilling business which includes tubular handling equipment, drill floor instrumentation, well intervention equipment, and drilling consumables. James will be based in Houston, TX.
FET: 27.70 (+1.41)
Forum Energy Technologies Inc to supply seven remotely operated vehicles to DOF Subsea AS
M2 - Tue Jan 21, 5:06AM CST
Oilfield products company Forum Energy Technologies Inc (NYSE:FET) revealed on Tuesday the receipt of an order to supply seven Perry XLX 200HP work-class remote operated vehicle (ROV) systems, including five Dynacon Launch and Recovery systems (LARs).
FET: 27.70 (+1.41)