Forum Energy Technologies Company Profile (NYSE:FET)

About Forum Energy Technologies (NYSE:FET)

Forum Energy Technologies logoForum Energy Technologies, Inc. is an oilfield products company. The Company designs, manufactures and distributes products, and engages in aftermarket services, parts supply and related services. The Company operates through three segments: Drilling & Subsea, Completions, and Production & Infrastructure. The Drilling & Subsea segment designs and manufactures products, and provides related services to the drilling and subsea construction markets. The Completions segment designs, manufactures and supplies products, and provide related services to the well construction, completion, stimulation and intervention markets. The Production & Infrastructure segment designs, manufactures and supplies products, and provides related equipment and services to production and infrastructure markets. Its product offering includes a mix of engineered capital products and replaced items that are used in the exploration, development, production and transportation of oil and natural gas.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil Related Services and Equipment
  • Sub-Industry: Oil & Gas Equipment & Services
  • Symbol: NYSE:FET
  • CUSIP: 34984V10
  • Web: www.f-e-t.com
Capitalization:
  • Market Cap: $1.46998 billion
  • Outstanding Shares: 96,169,000
Average Prices:
  • 50 Day Moving Avg: $14.19
  • 200 Day Moving Avg: $15.20
  • 52 Week Range: $10.05 - $26.25
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 75.56
  • P/E Growth: -1.07
Sales & Book Value:
  • Annual Revenue: $657.68 million
  • Price / Sales: 1.99
  • Book Value: $12.23 per share
  • Price / Book: 1.11
Profitability:
  • EBITDA: ($22,640,000.00)
  • Net Margins: -18.89%
  • Return on Equity: -4.55%
  • Return on Assets: -3.03%
Debt:
  • Debt-to-Equity Ratio: 0.34%
  • Current Ratio: 4.22%
  • Quick Ratio: 2.21%
Misc:
  • Average Volume: 996,772 shs.
  • Beta: 1.71
  • Short Ratio: 14.16
 

Frequently Asked Questions for Forum Energy Technologies (NYSE:FET)

What is Forum Energy Technologies' stock symbol?

Forum Energy Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "FET."

How were Forum Energy Technologies' earnings last quarter?

Forum Energy Technologies, Inc. (NYSE:FET) announced its quarterly earnings results on Thursday, July, 27th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. The company had revenue of $201.10 million for the quarter, compared to the consensus estimate of $194.16 million. Forum Energy Technologies had a negative return on equity of 4.55% and a negative net margin of 18.89%. View Forum Energy Technologies' Earnings History.

When will Forum Energy Technologies make its next earnings announcement?

Forum Energy Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Forum Energy Technologies.

What guidance has Forum Energy Technologies issued on next quarter's earnings?

Forum Energy Technologies issued an update on its third quarter earnings guidance on Thursday, October, 12th. The company provided earnings per share (EPS) guidance of ~($0.10) for the period, compared to the Thomson Reuters consensus estimate of ($0.06). The company issued revenue guidance of ~$200 million, compared to the consensus revenue estimate of $221.22 million.

Where is Forum Energy Technologies' stock going? Where will Forum Energy Technologies' stock price be in 2017?

16 brokerages have issued 12-month price objectives for Forum Energy Technologies' shares. Their forecasts range from $11.00 to $25.00. On average, they anticipate Forum Energy Technologies' stock price to reach $18.73 in the next twelve months. View Analyst Ratings for Forum Energy Technologies.

Who are some of Forum Energy Technologies' key competitors?

Who are Forum Energy Technologies' key executives?

Forum Energy Technologies' management team includes the folowing people:

  • C. Christopher Gaut, Executive Chairman of the Board
  • Pradyumna Iyyanki, President, Chief Executive Officer, Director
  • James W. Harris, Chief Financial Officer, Executive Vice President
  • James L. McCulloch J.D., Executive Vice President, General Counsel, Secretary
  • Michael D. Danford, Senior Vice President - Human Resources
  • Franklin Myers, Lead Independent Director
  • Evelyn M. Angelle, Independent Director
  • David C. Baldwin, Independent Director
  • John A. Carrig J.D., Independent Director
  • Michael M. McShane, Independent Director

Who owns Forum Energy Technologies stock?

Forum Energy Technologies' stock is owned by a number of of retail and institutional investors. Top institutional investors include Q-GT (V) INVESTMENT PARTNERS, LLC (9.25%) and Viking Fund Management LLC (0.94%). Company insiders that own Forum Energy Technologies stock include David C Baldwin, James Whelan Harris and Prady Iyyanki. View Institutional Ownership Trends for Forum Energy Technologies.

Who sold Forum Energy Technologies stock? Who is selling Forum Energy Technologies stock?

Forum Energy Technologies' stock was sold by a variety of institutional investors in the last quarter, including Viking Fund Management LLC. Company insiders that have sold Forum Energy Technologies stock in the last year include David C Baldwin, James Whelan Harris and Prady Iyyanki. View Insider Buying and Selling for Forum Energy Technologies.

How do I buy Forum Energy Technologies stock?

Shares of Forum Energy Technologies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Forum Energy Technologies' stock price today?

One share of Forum Energy Technologies stock can currently be purchased for approximately $13.60.


MarketBeat Community Rating for Forum Energy Technologies (NYSE FET)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  272 (Vote Outperform)
Underperform Votes:  455 (Vote Underperform)
Total Votes:  727
MarketBeat's community ratings are surveys of what our community members think about Forum Energy Technologies and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Forum Energy Technologies (NYSE:FET) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 12 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $18.73 (37.75% upside)
Consensus Price Target History for Forum Energy Technologies (NYSE:FET)
Price Target History for Forum Energy Technologies (NYSE:FET)
Analysts' Ratings History for Forum Energy Technologies (NYSE:FET)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/12/2017ScotiabankSet Price TargetHold$24.00N/AView Rating Details
10/10/2017Deutsche Bank AGInitiated CoverageHold$17.00N/AView Rating Details
10/6/2017Cowen and CompanySet Price TargetHold$11.00N/AView Rating Details
10/5/2017Jefferies Group LLCSet Price TargetHold$17.00N/AView Rating Details
10/5/2017Citigroup Inc.Boost Price TargetNeutral$14.00 -> $16.00N/AView Rating Details
8/24/2017Credit Suisse GroupDowngradeOutperform -> Neutral$23.00 -> $12.00MediumView Rating Details
7/28/2017Capital One Financial CorporationDowngradeOverweight -> Equal WeightLowView Rating Details
7/12/2017Barclays PLCDowngradeOverweight -> Equal Weight$24.00 -> $16.00LowView Rating Details
6/27/2017GuggenheimDowngradeBuy -> NeutralMediumView Rating Details
6/21/2017Morgan StanleyReiterated RatingEqual Weight$25.00 -> $19.00LowView Rating Details
6/7/2017Societe GeneraleInitiated CoverageBuy -> Buy$20.00HighView Rating Details
5/16/2017J P Morgan Chase & CoUpgradeUnderweight -> Neutral$16.00MediumView Rating Details
4/17/2017Wolfe ResearchDowngradeOutperform -> Market Perform$24.00 -> $21.00LowView Rating Details
3/10/2017GabelliUpgradeHold -> Buy$25.00LowView Rating Details
2/16/2017FBR & CoBoost Price TargetMkt Perform$14.00 -> $18.00N/AView Rating Details
12/1/2016KeyCorpReiterated RatingBuy$24.00N/AView Rating Details
11/7/2016DA DavidsonReiterated RatingBuy$25.00N/AView Rating Details
8/1/2016Iberia CapitalUpgradeSector Perform -> Outperform$18.00 -> $21.00N/AView Rating Details
7/7/2016SimmonsReiterated RatingNeutral$15.25 -> $18.00N/AView Rating Details
6/16/2016Howard WeilBoost Price TargetSector Perform$16.00 -> $19.00N/AView Rating Details
4/18/2016GMP SecuritiesDowngradeBuy -> HoldN/AView Rating Details
2/16/2016SunTrust Banks, Inc.Lower Price TargetNeutral$12.00 -> $9.00N/AView Rating Details
2/16/2016KLR GroupLower Price TargetBuy$19.00 -> $15.00N/AView Rating Details
2/12/2016William BlairReiterated RatingHoldN/AView Rating Details
1/21/2016Robert W. BairdLower Price Target$14.00 -> $12.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Forum Energy Technologies (NYSE:FET)
Earnings by Quarter for Forum Energy Technologies (NYSE:FET)
Earnings History by Quarter for Forum Energy Technologies (NYSE FET)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017($0.06)N/AView Earnings Details
7/27/2017Q2 2017($0.11)($0.10)$194.16 million$201.10 millionViewN/AView Earnings Details
4/27/2017Q1 2017($0.16)($0.14)$164.38 million$171.10 millionViewN/AView Earnings Details
2/9/2017Q416($0.18)($0.16)$145.95 million$147.10 millionViewListenView Earnings Details
10/27/2016Q316($0.19)($0.19)$145.97 million$138.30 millionViewListenView Earnings Details
7/28/2016Q216($0.26)($0.19)$143.17 million$142.80 millionViewListenView Earnings Details
4/28/2016Q116($0.20)($0.22)$166.55 million$159.00 millionViewListenView Earnings Details
2/11/2016Q415($0.06)($0.12)$195.61 million$196.10 millionViewListenView Earnings Details
10/22/2015Q315$0.09$0.07$267.45 million$245.00 millionViewListenView Earnings Details
7/23/2015Q215$0.17$0.16$311.81 million$284.40 millionViewListenView Earnings Details
4/23/2015Q115$0.28$0.30$378.40 million$348.10 millionViewListenView Earnings Details
10/23/2014Q3$0.47$0.52$445.61 million$468.80 millionViewListenView Earnings Details
7/24/2014Q214$0.43$0.44$415.12 million$428.30 millionViewListenView Earnings Details
4/24/2014Q114$0.39$0.40$403.17 million$403.90 millionViewListenView Earnings Details
2/7/2014Q413$0.40$0.39$399.51 millionViewListenView Earnings Details
10/25/2013Q313$0.42$0.44$407.71 million$390.20 millionViewListenView Earnings Details
7/26/2013Q2 2013$0.38$0.32$384.10 million$367.90 millionViewListenView Earnings Details
4/26/2013Q1 2013$0.34$0.34$349.60 million$373.00 millionViewListenView Earnings Details
10/29/2012Q312$0.43$0.44$373.90 million$347.80 millionViewN/AView Earnings Details
7/27/2012$0.47$0.49ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Forum Energy Technologies (NYSE:FET)
2017 EPS Consensus Estimate: ($0.33)
2018 EPS Consensus Estimate: $0.23
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20175($0.17)($0.13)($0.16)
Q2 20175($0.13)($0.05)($0.10)
Q3 20175($0.10)($0.02)($0.06)
Q4 20175($0.04)$0.02$0.00
Q1 20185($0.04)$0.05$0.01
Q2 20185($0.02)$0.08$0.03
Q3 20185$0.03$0.18$0.08
Q4 20185$0.04$0.22$0.10
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Forum Energy Technologies (NYSE:FET)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Forum Energy Technologies (NYSE:FET)
Insider Ownership Percentage: 32.80%
Institutional Ownership Percentage: 95.64%
Insider Trades by Quarter for Forum Energy Technologies (NYSE:FET)
Institutional Ownership by Quarter for Forum Energy Technologies (NYSE:FET)
Insider Trades by Quarter for Forum Energy Technologies (NYSE:FET)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
1/5/2017James Whelan HarrisCFOSell10,284$24.00$246,816.00View SEC Filing  
1/4/2017James Whelan HarrisCFOSell20,000$24.00$480,000.00View SEC Filing  
12/27/2016Prady IyyankiCOOSell10,000$23.00$230,000.00View SEC Filing  
12/23/2016Prady IyyankiCOOSell20,000$22.00$440,000.00View SEC Filing  
12/8/2016David C BaldwinDirectorSell3,725,000$21.50$80,087,500.00View SEC Filing  
9/4/2015Evelyn M AngelleDirectorBuy26,000$15.00$390,000.00View SEC Filing  
10/30/2014Evelyn M AngelleDirectorBuy18,000$27.15$488,700.00View SEC Filing  
9/5/2014James L MccullochSVPSell75,500$32.78$2,474,890.00View SEC Filing  
6/26/2014Michael Dewayne DanfordVPSell4,050$36.33$147,136.50View SEC Filing  
6/20/2014James Whelan HarrisCFOSell10,000$36.00$360,000.00View SEC Filing  
6/19/2014Michael Dewayne DanfordVPSell12,000$34.73$416,760.00View SEC Filing  
6/6/2014James Whelan HarrisCFOSell10,000$34.00$340,000.00View SEC Filing  
5/21/2014Michael Dewayne DanfordVPSell4,000$33.08$132,320.00View SEC Filing  
5/16/2014Michael Dewayne DanfordVPSell2,000$32.50$65,000.00View SEC Filing  
4/1/2014Tylar SchmittVPSell12,950$30.88$399,896.00View SEC Filing  
9/13/2013Andrew WaiteDirectorSell490,347$26.96$13,219,755.12View SEC Filing  
9/10/2013Andrew L WaiteDirectorSell445,065$26.74$11,901,038.10View SEC Filing  
9/5/2013L SimmonsInsiderSell134,440$26.50$3,562,660.00View SEC Filing  
8/29/2013Andrew WaiteDirectorSell234,889$26.50$6,224,558.50View SEC Filing  
8/14/2013L SimmonsInsiderSell66,258$27.01$1,789,628.58View SEC Filing  
8/8/2013L SimmonsInsiderSell240,019$27.61$6,626,924.59View SEC Filing  
7/11/2013James Whelan HarrisCFOSell31,450$31.00$974,950.00View SEC Filing  
5/16/2013James Whelan HarrisCFOSell9,900$29.00$287,100.00View SEC Filing  
2/27/2013David C BaldwinDirectorSell768,938$26.52$20,392,235.76View SEC Filing  
2/27/2013James L MccullochSVPSell30,000$26.49$794,700.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Forum Energy Technologies (NYSE:FET)
Latest Headlines for Forum Energy Technologies (NYSE:FET)
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Chart

Forum Energy Technologies (FET) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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