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Stock Market & Financial Investment News

News Breaks
January 16, 2014
06:43 EDTFETForum Energy downgraded to Neutral from Outperform at Credit Suisse
Credit Suisse downgraded Forum Energy based on weakening end markets, cost overruns, and low margins. Price target lowered to $30 from $33.
News For FET From The Last 14 Days
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April 24, 2015
06:24 EDTFETForum Energy says decline in oil prices had significant impact on spending
CEO Cris Gaut commented, "The decline in oil prices had a significant impact on the spending by our customers. Each of our product lines experienced sequentially lower revenues in the first quarter 2015 contributed to by the 44% decline in the North America rig count during the quarter. New orders received by Forum in the first quarter were $288 million, a decline of 32% from the fourth quarter with the only increase being in our Valves product line. Our first quarter 2015 book to bill ratio was 83%."
06:23 EDTFETForum Energy reports Q1 Drilling & Subsea revenue down 18% to $215M
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06:22 EDTFETForum Energy sees Q2 EPS 15c-20c, consensus 22c
06:22 EDTFETForum Energy reports Q1 EPS excluding items 30c, consensus 28c
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April 13, 2015
10:00 EDTFETOn The Fly: Analyst Downgrade Summary
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05:57 EDTFETForum Energy downgraded to Underperform from Hold at Jefferies
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