Forum Energy Technologies’ Share Price and Returns after Earnings



Forum Energy Technologies’ share price reaction

Forum Energy Technologies released its financial information for 1Q16 on April 28, 2016. Its stock reacted positively immediately following the earnings release. On the next day, it increased by ~8.8% to $16.74 from the previous day’s close. Since the beginning of this year, its share price is up 34%.

Schlumberger (SLB), which released its financial information for fiscal 1Q16 on April 21, saw a 2% decrease in share price on the day of the earnings release.

FET’s share price returns against the industry

In the past year, Forum Energy Technologies’ (FET) stock has returned -27% (net of dividends) until April 29. In the past year, FET has underperformed the VanEck Vectors Oil Services ETF (OIH), which has returned -17%.

The Energy Select Sector SPDR ETF (XLE), the broader energy industry ETF, has produced a return of -15%. Forum Energy Technologies has also underperformed the SPDR S&P 500 ETF (SPY), which had a return of approximately -1% during the same period.

Forum Energy Technologies has, however, outperformed the US rig count, which returned -55% in the past year. FET’s peer CARBO Ceramics (CRR) has also underperformed FET, producing a -66% return since April 29, 2015.

Please read Can Forum Energy Technologies Recover from Energy Price Crash? to learn about Forum Energy Technologies in depth. Next, we will discuss Wall Street analysts’ targets for Forum Energy Technologies.

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