NYSE:FET

Forum Energy Technologies (FET) Stock Forecast, Price & News

$24.02

-0.97 (-3.88%)

(As of 09/29/2023 08:52 PM ET)

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Today's Range: $23.90
▼
$25.23
50-Day Range: $23.03
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$27.49
52-Week Range: $20.30
▼
$33.84

Volume: 18,800 shs
Average Volume: 75,447 shs
Market Capitalization: $243.80 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: N/A

About Forum Energy Technologies (NYSE:FET) Stock

Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It 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, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling process; well construction casing and cementing equipment, and protection products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and complementary subsea technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping, hydraulic fracturing and flowback services markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe. The Production segment designs, manufactures, and supplies products, and provides related equipment and services for production and infrastructure markets. This segment offers engineered process systems, production equipment, specialty separation equipment, and various industrial valves for oil and natural gas customers, power generation, renewable energy, and other general industrial applications. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. The company was incorporated in 2005 and is headquartered in Houston, Texas.

FET Price History

30 days | 90 days | 365 days | Advanced Chart

FET Stock News Headlines

September 26, 2023 | americanbankingnews.com

Forum Energy Technologies (NYSE:FET) Stock Price Passes Above 200 Day Moving Average of $24.42

August 25, 2023 | finance.yahoo.com

Investors in Forum Energy Technologies (NYSE:FET) have seen splendid returns of 101% over the past three years

October 2, 2023 | Chaikin Analytics (Ad)

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August 14, 2023 | finance.yahoo.com

Forum Energy Technologies to Present at EnerCom Denver – The Energy Investment Conference

August 5, 2023 | finance.yahoo.com

Insider Stock Buying Reaches US$625k On Forum Energy Technologies

August 5, 2023 | finance.yahoo.com

Q2 2023 Forum Energy Technologies Inc Earnings Call

August 3, 2023 | finance.yahoo.com

Forum Energy Technologies Announces Second Quarter 2023 Results

July 18, 2023 | theglobeandmail.com

Instrument Name Forum Energy Technologies Inc Instrument Symbol (FET-N)

October 2, 2023 | Chaikin Analytics (Ad)

This is the #1 Stock to Buy for the AI Tidal Wave

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July 14, 2023 | finance.yahoo.com

Investors Aren't Buying Forum Energy Technologies, Inc.'s (NYSE:FET) Revenues

July 10, 2023 | finance.yahoo.com

Forum Energy Technologies Announces Timing of Second Quarter 2023 Earnings Conference Call

May 15, 2023 | marketwatch.com

Torquing Tools for the Offshore Market Forthcoming Trends and Share Analysis by 2031

May 6, 2023 | finance.yahoo.com

Q1 2023 Forum Energy Technologies Inc Earnings Call

May 4, 2023 | finance.yahoo.com

Forum Energy Technologies Announces First Quarter 2023 Results and Reaffirms 2023 Guidance

April 10, 2023 | finance.yahoo.com

Forum Energy Technologies Announces Timing of First Quarter 2023 Earnings Conference Call

April 1, 2023 | finance.yahoo.com

Forum Energy Technologies, Inc. (NYSE:FET) surges 11%; retail investors who own 53% shares profited along with institutions

March 27, 2023 | msn.com

Forum Energy wins $25M contract to provide desalter systems to Saudi Aramco

March 19, 2023 | seekingalpha.com

Forum Energy Technologies: International Market Growth And Deleveraging Despite Cost Hikes

March 4, 2023 | finance.yahoo.com

Forum Energy Technologies Full Year 2022 Earnings: EPS: US$0.65 (vs US$14.65 loss in FY 2021)

March 2, 2023 | finance.yahoo.com

Investing in Forum Energy Technologies (NYSE:FET) three years ago would have delivered you a 122% gain

February 27, 2023 | finance.yahoo.com

Forum Energy Technologies, Inc. (NYSE:FET) Q4 2022 Earnings Call Transcript

February 22, 2023 | finance.yahoo.com

Q4 2022 Forum Energy Technologies Inc Earnings Call

February 20, 2023 | businesswire.com

Forum Energy Technologies, Inc. Announces Fourth Quarter and Full Year 2022 Results and Outlook

February 7, 2023 | finance.yahoo.com

Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2022 Earnings Conference Call

December 29, 2022 | msn.com

Forum Energy Technologies to convert notes due 2025 into shares

December 29, 2022 | finance.yahoo.com

Forum Energy Technologies Announces Mandatory Conversion of 9.00% Convertible Senior Secured Notes

November 30, 2022 | finance.yahoo.com

Forum Energy Technologies Closes Sale-Leaseback Transaction

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FET Company Calendar

Last Earnings: 8/03/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Oil & gas field machinery
Sub-Industry: Oil & Gas Equipment & Services
Sector: Oils/Energy
Current Symbol: NYSE:FET
CUSIP: 34984V10
CIK: 1401257
Web: www.f-e-t.com
Phone: (713) 351-7900
Fax: 281-949-2554
Employees: 1,500
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($1.38)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $3.71 million
Net Margins: -0.86%
Pretax Margin: 0.18%
Return on Equity: -0.61%
Return on Assets: -0.27%

Debt

Debt-to-Equity Ratio: 0.33
Current Ratio: 2.56
Quick Ratio: 1.12

Sales & Book Value

Annual Sales: $699.90 million
Price / Sales: 0.35
Cash Flow: $3.06 per share
Price / Cash Flow: 7.86
Book Value: $54.31 per share
Price / Book: 0.44

Miscellaneous

Outstanding Shares: 10,150,000
Free Float: 9,519,000
Market Cap: $243.80 million
Optionable: Optionable
Beta: 2.85

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Key Executives

Mr. C. Christopher Gaut (Age 67)
Exec. Chairman
Comp: $6.5M

Mr. Neal A. Lux (Age 48)
Pres, CEO & Director
Comp: $1.87M

Mr. David Lyle Williams Jr. (Age 53)
Exec. VP & CFO
Comp: $1.56M

Mr. John C. Ivascu (Age 45)
Exec. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.
Comp: $1.6M

Ms. Katherine T. Keller (Age 40)
VP, Principal Accounting Officer & Corp. Controller

Rob Kukla
Director of Investor Relations

Mr. Michael D. Danford (Age 60)
Sr. VP & Chief HR Officer

Mr. Tylar K. Schmitt (Age 50)
VP of Fin. & Treasurer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FET Stock - Frequently Asked Questions

How have FET shares performed in 2023?: Forum Energy Technologies' stock was trading at $29.50 at the start of the year. Since then, FET shares have decreased by 18.6% and is now trading at $24.02.
View the best growth stocks for 2023 here.
Are investors shorting Forum Energy Technologies?: Forum Energy Technologies saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 195,800 shares, a decrease of 15.1% from the August 31st total of 230,700 shares. Based on an average daily volume of 45,400 shares, the short-interest ratio is presently 4.3 days. Approximately 2.1% of the shares of the stock are sold short.
View Forum Energy Technologies' Short Interest.
When is Forum Energy Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our FET earnings forecast.
How were Forum Energy Technologies' earnings last quarter?: Forum Energy Technologies, Inc. (NYSE:FET) announced its earnings results on Thursday, August, 3rd. The oil and gas company reported $0.10 EPS for the quarter. The oil and gas company had revenue of $185.40 million for the quarter. Forum Energy Technologies had a negative net margin of 0.86% and a negative trailing twelve-month return on equity of 0.61%.
When did Forum Energy Technologies' stock split?: Forum Energy Technologies's stock reverse split on 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 closing bell on Monday, November 9th 2020. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.
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."
How do I buy shares of Forum Energy Technologies?: Shares of FET stock 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 $24.02.
How much money does Forum Energy Technologies make?: Forum Energy Technologies (NYSE:FET) has a market capitalization of $243.80 million and generates $699.90 million in revenue each year. The oil and gas company earns $3.71 million in net income (profit) each year or ($1.38) on an earnings per share basis.
How many employees does Forum Energy Technologies have?: The company employs 1,500 workers across the globe.
How can I contact Forum Energy Technologies?: Forum Energy Technologies' mailing address is 10344 SAM HOUSTON PARK DRIVE SUITE 300, HOUSTON TX, 77064. The official website for the company is www.f-e-t.com. The oil and gas company can be reached via phone at (713) 351-7900, via email at ir@f-e-t.com, or via fax at 281-949-2554.

This page (NYSE:FET) was last updated on 10/2/2023 by MarketBeat.com Staff

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