Forum Energy Technologies Company Profile (NYSE:FET)

About Forum Energy Technologies

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. It operates through two segments: Drilling & Subsea, and Production & Infrastructure. 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. Its capital products are targeted at drilling rig equipment for rigs, upgrades and refurbishment projects; subsea construction and development projects; the placement of production equipment on producing wells; pressure pumping equipment, and downstream capital projects. Its engineered systems are components used on drilling rigs for completions or in the course of subsea operations, while its consumable products are used to maintain operations at well sites in the well construction process.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Equipment & Services
  • Sub-Industry: Oil & Gas Equipment & Services
  • Exchange: NYSE
  • Symbol: FET
  • CUSIP: 34984V10
Key Metrics:
  • Previous Close: $19.22
  • 50 Day Moving Average: $17.79
  • 200 Day Moving Average: $16.21
  • 52-Week Range: $8.47 - $19.34
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -58.24
  • P/E Growth: -1.08
  • Market Cap: $1.74B
  • Outstanding Shares: 90,707,000
  • Beta: 1.47
  • Net Margins: -28.04%
  • Return on Equity: -3.20%
  • Return on Assets: -2.14%
  • Debt-to-Equity Ratio: 0.33%
  • Current Ratio: 4.86%
  • Quick Ratio: 2.02%
Additional Links:
Companies Related to Forum Energy Technologies:

Analyst Ratings

Consensus Ratings for Forum Energy Technologies (NYSE:FET) (?)
Ratings Breakdown: 1 Sell Rating, 11 Hold Ratings, 9 Buy Ratings
Consensus Rating:Hold (Score: 2.38)
Consensus Price Target: $17.37 (9.63% downside)

Analysts' Ratings History for Forum Energy Technologies (NYSE:FET)
DateFirmActionRatingPrice TargetDetails
9/23/2016Barclays PLCUpgradeEqual Weight -> Overweight$19.00 -> $23.00View Rating Details
9/20/2016Morgan StanleySet Price TargetHold$23.00View Rating Details
9/15/2016GabelliInitiated CoverageHold$21.00View Rating Details
9/12/2016Citigroup Inc.Boost Price TargetNeutral$18.00 -> $19.00View Rating Details
8/16/2016Capital One Financial Corp.UpgradeEqual Weight -> OverweightView Rating Details
8/1/2016Credit Suisse Group AGSet Price TargetBuy$19.00View Rating Details
8/1/2016Iberia CapitalUpgradeSector Perform -> Outperform$18.00 -> $21.00View Rating Details
7/12/2016JPMorgan Chase & Co.DowngradeNeutral -> Underweight$10.00View Rating Details
7/11/2016Jefferies GroupLower Price TargetHold$19.00 -> $18.00View Rating Details
7/7/2016SimmonsReiterated RatingNeutral$15.25 -> $18.00View Rating Details
6/17/2016ScotiabankReiterated RatingSector Perform$16.00 -> $19.00View Rating Details
6/16/2016Howard WeilBoost Price TargetSector Perform$16.00 -> $19.00View Rating Details
5/22/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
5/2/2016Cowen and CompanyBoost Price TargetOutperform$11.00 -> $18.00View Rating Details
4/18/2016GMP SecuritiesDowngradeBuy -> HoldView Rating Details
3/23/2016FBR & CoReiterated RatingOutperform$13.00 -> $11.00View Rating Details
2/16/2016SunTrust Banks Inc.Lower Price TargetNeutral$12.00 -> $9.00View Rating Details
2/16/2016KLR GroupLower Price TargetBuy$19.00 -> $15.00View Rating Details
2/12/2016William BlairReiterated RatingHoldView Rating Details
1/21/2016Robert W. BairdLower Price Target$14.00 -> $12.00View Rating Details
11/30/2015GuggenheimUpgradeNeutral -> Buy$23.00View Rating Details
4/27/2015Johnson RiceUpgradeHold -> BuyView Rating Details
4/27/2015Bank of America Corp.DowngradeOutperform -> Neutral$22.00 -> $24.00View Rating Details
4/15/2015KeyCorpBoost Price TargetOverweight$22.00 -> $26.00View Rating Details
10/15/2014Evercore ISIInitiated CoverageBuy$40.00View Rating Details
(Data available from 9/29/2014 forward)


Earnings History for Forum Energy Technologies (NYSE:FET)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/29/2016Q216($0.26)($0.19)$143.17 million$142.80 millionViewListenView Earnings Details
4/29/2016Q116($0.20)($0.22)$166.55 million$159.00 millionViewListenView Earnings Details
2/11/2016Q415($0.06)($0.12)$205.25 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$371.22 millionViewListenView Earnings Details
10/23/2014Q3$0.47$0.52$445.61 million$468.80 millionViewListenView Earnings Details
7/24/2014Q214$0.42$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)


Earnings Estimates for Forum Energy Technologies (NYSE:FET)
Current Year EPS Consensus Estimate: $-0.78 EPS
Next Year EPS Consensus Estimate: $-0.33 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20168($0.23)$0.09($0.14)
Q2 20166($0.28)($0.25)($0.27)
Q3 20166($0.27)($0.18)($0.23)
Q4 20168($0.26)$0.07($0.14)
Q1 20174($0.20)($0.15)($0.18)
Q2 20174($0.16)($0.12)($0.14)
Q3 20174($0.11)($0.05)($0.08)
Q4 20174($0.11)($0.02)($0.06)
(Data provided by Zacks Investment Research)


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

Insider Trades

Insider Trading History for Forum Energy Technologies (NYSE:FET)
Insider Ownership Percentage: 38.40%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)


Latest Headlines for Forum Energy Technologies (NYSE:FET)
DateHeadline logoShorts Interests: Analyzing the Worst Oilfield Services Companies (NYSE:FET) - September 28 at 9:54 AM
News IconForum Energy Technologies, Inc. (NYSE:FET) topped earnings-per-share estimates 58.% of the time - The Independent Republic (NYSE:FET) - September 27 at 5:01 PM
News IconNotable Chart Action: Forum Energy Technologies Inc on Focus ... - Chester News (NYSE:FET) - September 27 at 5:01 PM logoBarclays Upgrades Forum Energy, Prior Concerns Have Diminished (NYSE:FET) - September 23 at 4:45 PM
News IconStock Perspective: Forum Energy Technologies, Inc. (NYSE:FET ... - Frisco Fastball (NYSE:FET) - September 22 at 5:04 PM
News IconReally worthy Stock of Yesterday- Forum Energy Technologies, Inc.'s (FET) - Hot Stocks Point (NYSE:FET) - September 22 at 5:04 PM
News IconChart Pattern: Forum Energy Technologies Inc Formed Double Top Pattern; Buyers Could Thrive - Chester News (NYSE:FET) - September 21 at 9:14 AM logoGabelli & Co. Begins Coverage on Forum Energy Technologies, Inc ... - Finance Daily (NYSE:FET) - September 15 at 5:25 PM
News IconForum Energy Technologies Inc. (NYSE: FET) Price Target Raised ... - The Woodbridge Citizen (NYSE:FET) - September 15 at 5:25 PM logoCoverage initiated on Forum Energy Tech. by Gabelli & Co (NYSE:FET) - September 15 at 5:25 PM logoWhy Niobrara August Crude Oil Production Fell 23% in One Year (NYSE:FET) - September 14 at 5:04 PM logoBaker Hughes’s Free and Operating Cash Flows in Focus (NYSE:FET) - September 14 at 9:11 AM logoExplaining Halliburton’s Historical Valuation (NYSE:FET) - September 9 at 4:52 PM logoHow These Oil & Gas Stocks are Faring? -- TETRA Technologies, Hornbeck Offshore Services, Forum Energy Technologies, and Flotek Industries (NYSE:FET) - September 9 at 9:49 AM
News IconUpcoming Earnings Report: Forum Energy Technologies, Inc. (NYSE:FET) - The Voice Registrar (NYSE:FET) - September 6 at 4:53 PM
News IconPlacing Forum Energy Technologies, Inc. (NYSE:FET) Shares Under the Microscope - Post News (NYSE:FET) - September 6 at 9:48 AM
News IconHow Analysts & Retail Investors Perceive Forum Energy Technologies, Inc. (NYSE:FET) - Post News (NYSE:FET) - August 30 at 8:05 AM logoEarnings Estimates Moving Higher for Forum Energy (FET): Time to Buy? (NYSE:FET) - August 26 at 4:52 PM logoAnalyzing National Oilwell Varco’s Free Cash Flow (NYSE:FET) - August 24 at 4:56 PM logoWill Forum Energy Technologies, Inc. (NYSE:FET) Hit $23 Price Target? - Investor Newswire (NYSE:FET) - August 23 at 5:06 PM logoFORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Other Events (NYSE:FET) - August 23 at 5:06 PM logoHow Far Could US Shale Gas Production Drop? (NYSE:FET) - August 17 at 5:12 PM logoETF’s with exposure to Forum Energy Technologies, Inc. : August 16, 2016 (NYSE:FET) - August 16 at 5:05 PM logoIs Flotek Industries’ Share Price Bullish? (NYSE:FET) - August 11 at 5:11 PM logoForum Energy Technologies, Inc. (FET) Ownership Decreased by Blackrock Fund Advisors - Finance Daily (NYSE:FET) - August 11 at 5:29 AM logoHow Related Is CLB’s Share Price to Crude Oil Prices and Production? (NYSE:FET) - August 9 at 3:43 PM logoRevenue Update on Forum Energy Technologies Inc(NYSE:FET) - Trade Calls (NYSE:FET) - August 8 at 9:47 AM logoForum Energy Technologies, Inc. breached its 50 day moving average in a Bullish Manner : FET-US : August 8, 2016 (NYSE:FET) - August 8 at 9:47 AM logoFORUM ENERGY TECHNOLOGIES, INC. Financials (NYSE:FET) - August 6 at 5:19 PM logoETF’s with exposure to Forum Energy Technologies, Inc. : August 5, 2016 (NYSE:FET) - August 5 at 5:04 PM
News IconAnalyst Opinion Summary: Community Health Systems, Inc. (NYSE:CYH), Forum Energy Technologies, Inc. (NYSE:FET) - The Wellesleys News (NYSE:FET) - August 3 at 5:19 PM logoTraders Recap: Forum Energy Technologies, Inc. (FET), Callon Petroleum Company (CPE), Valero Energy Corporation ... - iStreetWire (NYSE:FET) - August 3 at 5:19 PM logoForum Energy Technologies, Inc. :FET-US: Earnings Analysis: Q2, 2016 By the Numbers : August 3, 2016 (NYSE:FET) - August 3 at 5:19 PM logoForum Energy Technologies Inc. (FET) Drops 5.39% on August 01 - (NYSE:FET) - August 3 at 5:30 AM
News IconTechnical Evaluation For Forum Energy Technologies Inc (NYSE:FET) - The Voice Registrar (NYSE:FET) - August 2 at 5:15 PM logoFORUM ENERGY TECHNOLOGIES, INC. Files SEC form 10-Q, Quarterly Report (NYSE:FET) - August 2 at 5:15 PM
News IconStocks with Active Concerns- AbbVie (NYSE:ABBV), Forum Energy Technologies (NYSE:FET), Chubb (NYSE:CB) - Seneca Globe (NYSE:FET) - July 29 at 10:22 PM logoEdited Transcript of FET earnings conference call or presentation 29-Jul-16 2:00pm GMT (NYSE:FET) - July 29 at 4:21 PM logoForum Energy Technologies Announces Second Quarter 2016 Results (NYSE:FET) - July 29 at 12:04 PM logoForum Energy Technologies : reports 2Q loss (NYSE:FET) - July 29 at 12:04 PM logoForum Energy Technologies Inc Earnings Call scheduled for 10:00 am ET today (NYSE:FET) - July 29 at 10:00 AM logoFORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Results of Operations and Financial Condition (NYSE:FET) - July 29 at 6:12 AM logoForum Energy Technologies Announces Second Quarter 2016 Results - Business Wire (press release) (NYSE:FET) - July 28 at 9:31 PM logoForum Energy reports 2Q loss (NYSE:FET) - July 28 at 7:15 PM logoQ2 2016 Forum Energy Technologies Inc Earnings Release - After Market Close (NYSE:FET) - July 28 at 7:07 AM logoForum Energy Technologies, Inc. (NYSE:FET) Stock Rises, Analysts: Hold Rating - Review Fortune (NYSE:FET) - July 28 at 5:47 AM logoForum Energy Technologies, Inc. (NYSE:FET) Earns Consensus Hold Rating - Review Fortune (NYSE:FET) - July 27 at 7:05 AM logoForum Energy Technologies Inc. (FET) is Trading Lower on Unusual Volume for July 25 - (NYSE:FET) - July 27 at 7:05 AM logoForum Energy Technologies Inc. (FET) Drops 6.61% on July 25 - (NYSE:FET) - July 27 at 7:05 AM logoForum Energy Technologies Inc : half-yearly earnings release (NYSE:FET) - July 26 at 11:09 PM


Forum Energy Technologies (NYSE:FET) Chart for Thursday, September, 29, 2016

Last Updated on 9/29/2016 by Staff