NYSE:FET

Forum Energy Technologies Stock Forecast, Price & News

$24.70
+0.07 (+0.28 %)
(As of 06/14/2021 10:13 AM ET)
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Today's Range
$24.44
$24.87
50-Day Range
$17.61
$26.99
52-Week Range
$6.22
$28.50
Volume5 shs
Average Volume70,611 shs
Market Capitalization$138.32 million
P/E RatioN/A
Dividend YieldN/A
Beta4.27
30 days | 90 days | 365 days | Advanced Chart
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Forum Energy Technologies logo

About Forum Energy Technologies

Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The company operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, downhole, and subsea markets, as well as other markets, such as alternative energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling; downhole technologies, such as cementing and casing tools, and protection products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, specialty components and tools, and complementary subsea technical services. The Completions segment provides products and related services to the coiled tubing, stimulation, and intervention markets. This segment offers pressure pumping, hydraulic fracturing and flowback services markets, including hydraulic fracturing pumps, cooling systems, flow iron, wireline cable, and pressure control equipment, as well as related recertification and refurbishment services; and coiled tubing products, such as coiled tubing strings and line pipes. The Production segment designs, manufactures, and supplies products, and provides related equipment and services to the production and infrastructure markets. This segment supplies production equipment, including well site production and process equipment; and a range of industrial and process valves. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.

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MarketRank

Overall MarketRank

1.33 out of 5 stars

Oils/Energy Sector

179th out of 688 stocks

Oil & Gas Field Machinery Industry

6th out of 21 stocks

Analyst Opinion: 1.0Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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Forum Energy Technologies (NYSE:FET) Frequently Asked Questions

Is Forum Energy Technologies a buy right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Forum Energy Technologies in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Forum Energy Technologies stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FET, but not buy additional shares or sell existing shares.
View analyst ratings for Forum Energy Technologies
or view top-rated stocks.

What stocks does MarketBeat like better than Forum Energy Technologies?

Wall Street analysts have given Forum Energy Technologies a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Forum Energy Technologies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Forum Energy Technologies?

Forum Energy Technologies saw a increase in short interest in May. As of May 28th, there was short interest totaling 335,900 shares, an increase of 29.7% from the May 13th total of 259,000 shares. Based on an average daily volume of 64,300 shares, the days-to-cover ratio is currently 5.2 days. Currently, 6.8% of the company's shares are sold short.
View Forum Energy Technologies' Short Interest
.

When is Forum Energy Technologies' next earnings date?

Forum Energy Technologies is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Forum Energy Technologies
.

How were Forum Energy Technologies' earnings last quarter?

Forum Energy Technologies, Inc. (NYSE:FET) announced its earnings results on Thursday, May, 6th. The oil and gas company reported ($3.95) earnings per share for the quarter, missing analysts' consensus estimates of ($2.28) by $1.67. The oil and gas company earned $114.50 million during the quarter, compared to analyst estimates of $119 million. Forum Energy Technologies had a negative trailing twelve-month return on equity of 27.85% and a negative net margin of 20.14%.
View Forum Energy Technologies' earnings history
.

How has Forum Energy Technologies' stock been impacted by COVID-19 (Coronavirus)?

Forum Energy Technologies' stock was trading at $5.60 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FET shares have increased by 341.1% and is now trading at $24.70.
View which stocks have been most impacted by COVID-19
.

When did Forum Energy Technologies' stock split? How did Forum Energy Technologies' stock split work?

Forum Energy Technologies shares reverse split on the morning of Tuesday, November 10th 2020. The 1-20 reverse split was announced on Friday, October 30th 2020. The number of shares owned by shareholders was adjusted after the market closes on Monday, November 9th 2020. An investor that had 100 shares of Forum Energy Technologies stock prior to the reverse split would have 5 shares after the split.

What price target have analysts set for FET?

1 analysts have issued 12 month price objectives for Forum Energy Technologies' stock. Their forecasts range from $8.00 to $8.00. On average, they anticipate Forum Energy Technologies' stock price to reach $8.00 in the next year. This suggests that the stock has a possible downside of 67.6%.
View analysts' price targets for Forum Energy Technologies
or view top-rated stocks among Wall Street analysts.

Who are Forum Energy Technologies' key executives?

Forum Energy Technologies' management team includes the following people:
  • Mr. C. Christopher Gaut, Pres, CEO & Chairman (Age 65, Pay $1.64M)
  • Mr. David Lyle Williams Jr., Exec. VP & CFO (Age 51, Pay $568.49k)
  • Mr. John C. Ivascu, Exec. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 43, Pay $623.91k)
  • Mr. Neal Lux, Exec. VP & COO (Age 45)
  • Mr. John McElroy, Principal Accounting Officer & Corp. Controller (Age 37)
  • William Austin, VP of Corp. Devel. & Investor Relations
  • Ms. Donna Smith, Director of Marketing & Communications
  • Mr. Michael D. Danford, Sr. VP & Chief HR Officer (Age 58)
  • Mr. Tylar K. Schmitt, VP of Fin. & Treasurer (Age 48)

Who are some of Forum Energy Technologies' key competitors?

What other stocks do shareholders of Forum Energy Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Forum Energy Technologies investors own include HD Supply (HDS), Invesque (IVQ), Brookline Bancorp (BRKL), Energy Transfer (ET), CBL & Associates Properties (CBL), NGL Energy Partners (NGL), Ford Motor (F), SandRidge Permian Trust (PER), C3.ai (AI) and Martin Midstream Partners (MMLP).

What is Forum Energy Technologies' stock symbol?

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

Who are Forum Energy Technologies' major shareholders?

Forum Energy Technologies' stock is owned by a variety of institutional and retail investors. Top institutional investors include SCF Partners Inc. (13.36%), Schroder Investment Management Group (4.24%), Dimensional Fund Advisors LP (2.06%), BlackRock Inc. (1.47%), Neuberger Berman Group LLC (1.01%) and Icon Wealth Partners LLC (0.60%). Company insiders that own Forum Energy Technologies stock include Andrew L Waite, C Christopher Gaut, John A Carrig, Michael Dewayne Danford and Neal Lux.
View institutional ownership trends for Forum Energy Technologies
.

Which major investors are selling Forum Energy Technologies stock?

FET stock was sold by a variety of institutional investors in the last quarter, including Schroder Investment Management Group, SCF Partners Inc., Northern Trust Corp, Neuberger Berman Group LLC, Squarepoint Ops LLC, Arrowstreet Capital Limited Partnership, and Geode Capital Management LLC.
View insider buying and selling activity for Forum Energy Technologies
or view top insider-selling stocks.

Which major investors are buying Forum Energy Technologies stock?

FET stock was acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Acadian Asset Management LLC, Dimensional Fund Advisors LP, Jane Street Group LLC, Renaissance Technologies LLC, Goldman Sachs Group Inc., BlackRock Inc., and Icon Wealth Partners LLC. Company insiders that have bought Forum Energy Technologies stock in the last two years include Andrew L Waite, C Christopher Gaut, John A Carrig, Michael Dewayne Danford, and Neal Lux.
View insider buying and selling activity for Forum Energy Technologies
or or view top insider-buying stocks.

How do I buy shares of Forum Energy Technologies?

Shares of FET can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Forum Energy Technologies' stock price today?

One share of FET stock can currently be purchased for approximately $24.70.

How much money does Forum Energy Technologies make?

Forum Energy Technologies has a market capitalization of $138.32 million and generates $512.50 million in revenue each year. The oil and gas company earns $-96,890,000.00 in net income (profit) each year or ($20.91) on an earnings per share basis.

How many employees does Forum Energy Technologies have?

Forum Energy Technologies employs 1,400 workers across the globe.

What is Forum Energy Technologies' official website?

The official website for Forum Energy Technologies is www.f-e-t.com.

Where are Forum Energy Technologies' headquarters?

Forum Energy Technologies is headquartered at 10344 SAM HOUSTON PARK DRIVE SUITE 300, HOUSTON TX, 77064.

How can I contact Forum Energy Technologies?

Forum Energy Technologies' mailing address is 10344 SAM HOUSTON PARK DRIVE SUITE 300, HOUSTON TX, 77064. The oil and gas company can be reached via phone at 281-949-2500 or via email at [email protected]


This page was last updated on 6/14/2021 by MarketBeat.com Staff
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