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: $20.10
  • 50 Day Moving Average: $22.85
  • 200 Day Moving Average: $20.14
  • 52-Week Range: $8.50 - $26.25
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 41.02
  • P/E Growth: -3.27
  • Market Cap: $1.85B
  • Outstanding Shares: 91,900,000
  • Beta: 1.55
Profitability:
  • Net Margins: -13.95%
  • Return on Equity: -5.71%
  • Return on Assets: -3.82%
Debt:
  • Debt-to-Equity Ratio: 0.34%
  • Current Ratio: 5.23%
  • Quick Ratio: 2.42%
Additional Links:
Companies Related to Forum Energy Technologies:

Analyst Ratings

Consensus Ratings for Forum Energy Technologies (NYSE:FET) (?)
Ratings Breakdown: 1 Sell Rating, 9 Hold Ratings, 7 Buy Ratings
Consensus Rating:Hold (Score: 2.35)
Consensus Price Target: $20.40 (1.49% upside)

Analysts' Ratings History for Forum Energy Technologies (NYSE:FET)
Show:
DateFirmActionRatingPrice TargetDetails
2/16/2017FBR & CoBoost Price TargetMkt Perform$14.00 -> $18.00View Rating Details
2/14/2017Barclays PLCSet Price TargetBuy$24.00View Rating Details
2/11/2017Credit Suisse GroupSet Price TargetBuy$25.00View Rating Details
12/1/2016KeyCorpReiterated RatingBuy$24.00View Rating Details
11/7/2016DA DavidsonReiterated RatingBuy$25.00View Rating Details
10/14/2016Cowen and CompanyDowngradeOutperform -> Market Perform$18.00View Rating Details
10/11/2016Citigroup Inc.Boost Price TargetNeutral$19.00 -> $23.00View Rating Details
9/20/2016Morgan StanleySet Price TargetHold$23.00View Rating Details
9/15/2016GabelliInitiated CoverageHold$21.00View Rating Details
8/16/2016Capital One Financial CorporationUpgradeEqual Weight -> OverweightView Rating Details
8/1/2016Iberia CapitalUpgradeSector Perform -> Outperform$18.00 -> $21.00View Rating Details
7/12/2016J P Morgan Chase & CoDowngradeNeutral -> Underweight$10.00View Rating Details
7/11/2016Jefferies Group LLCLower 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
4/18/2016GMP SecuritiesDowngradeBuy -> HoldView 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 CorpDowngradeOutperform -> Neutral$22.00 -> $24.00View Rating Details
(Data available from 2/20/2015 forward)

Earnings

Earnings History for Forum Energy Technologies (NYSE:FET)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/26/2017        
2/9/2017Q416($0.18)($0.16)$146.39 millionViewListenView Earnings Details
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)

Estimates

Earnings Estimates for Forum Energy Technologies (NYSE:FET)
Current Year EPS Consensus Estimate: $-0.30 EPS
Next Year EPS Consensus Estimate: $0.49 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20168($0.23)$0.09($0.14)
Q2 20166($0.28)($0.25)($0.27)
Q3 20167($0.27)($0.18)($0.23)
Q4 20167($0.22)($0.16)($0.18)
Q1 20175($0.17)($0.13)($0.16)
Q2 20175($0.15)($0.05)($0.11)
Q3 20175($0.10)($0.01)($0.05)
Q4 20175($0.08)$0.08($0.01)
Q1 20183($0.04)$0.05$0.01
Q2 20183($0.02)$0.08$0.04
Q3 20183$0.03$0.18$0.10
Q4 20183$0.04$0.22$0.12
(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 History for Forum Energy Technologies (NYSE:FET)
Insider Ownership Percentage: 38.40%
Institutional Ownership Percentage: 95.56%
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

Latest Headlines for Forum Energy Technologies (NYSE:FET)
DateHeadline
nasdaq.com logoForum Energy Technologies Names Prady Iyyanki President, CEO, Effective May 16 (NYSE:FET)
www.nasdaq.com - February 20 at 11:14 AM
reuters.com logoBRIEF-Forum Energy Technologies appoints Prady Iyyanki as CEO (NYSE:FET)
www.reuters.com - February 20 at 11:14 AM
finance.yahoo.com logoForum Energy Technologies Announces CEO Succession (NYSE:FET)
finance.yahoo.com - February 20 at 11:14 AM
News IconAnalysts Issue Forecasts for Forum Energy Technologies, Inc.'s FY2017 Earnings (FET) (NYSE:FET)
mundoaguaysaneamiento.net - February 18 at 11:14 AM
News IconJust Issued "Mkt Perform" Rating on Forum Energy Technologies Inc (FET) (NYSE:FET)
www.graffiotech.com - February 18 at 11:14 AM
News IconThe Forum Energy Technologies, Inc. (FET) Bonds Trading 1% Lower (NYSE:FET)
xboxonezone.com - February 18 at 11:14 AM
News IconToday's Brokerage Rating: Allscripts Healthcare Solutions, Inc. (MDRX), Forum Energy Technologies, Inc. (FET) - StockNewsJournal (NYSE:FET)
stocknewsjournal.com - February 17 at 3:45 PM
marketexclusive.com logoAnalyst Activity – FBR & Co Raises Its Price Target On Forum Energy Technologies (NYSE:FET) to $18.00 (NYSE:FET)
marketexclusive.com - February 17 at 9:15 AM
capitalcube.com logoForum Energy Technologies, Inc. :FET-US: Earnings Analysis: 2016 By the Numbers : February 14, 2017 (NYSE:FET)
www.capitalcube.com - February 14 at 6:13 PM
News IconTechnical Tracker: Watching Shares of Forum Energy Technologies Inc. (FET) - Baxter Review (NYSE:FET)
baxternewsreview.com - February 14 at 4:05 AM
capitalcube.com logoForum Energy Technologies, Inc. :FET-US: Earnings Analysis: Q4, 2016 By the Numbers : February 13, 2017 (NYSE:FET)
www.capitalcube.com - February 13 at 6:01 PM
finance.yahoo.com logo3:08 am Forum Energy Tech. beats by $0.01, reports revs in-line (NYSE:FET)
finance.yahoo.com - February 12 at 5:07 PM
News IconCompany Focus: Zooming in on Shares of Forum Energy Technologies, Inc. (NYSE:FET) - Baldwin Journal (NYSE:FET)
baldwinjournal.com - February 11 at 3:48 AM
News IconLooking at the Tea Leaves for Forum Energy Technologies, Inc. (FET) - The USA Commerce (NYSE:FET)
theusacommerce.com - February 11 at 3:48 AM
finance.yahoo.com logoEdited Transcript of FET earnings conference call or presentation 10-Feb-17 3:00pm GMT (NYSE:FET)
finance.yahoo.com - February 10 at 10:46 PM
4-traders.com logoFORUM ENERGY TECHNOLOGIES, INC. : Results of Operations and Financial Condition (form 8-K) (NYSE:FET)
www.4-traders.com - February 10 at 5:44 PM
seekingalpha.com logoForum Energy Technologies (FET) Q4 2016 Results - Earnings Call Transcript (NYSE:FET)
seekingalpha.com - February 10 at 5:44 PM
sg.finance.yahoo.com logoForum Energy reports 4Q loss (NYSE:FET)
us.rd.yahoo.com - February 10 at 5:44 PM
biz.yahoo.com logoFORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Results of Operations and Financial Condition (NYSE:FET)
us.rd.yahoo.com - February 10 at 5:44 PM
biz.yahoo.com logoForum Energy Technologies Inc Earnings Call scheduled for 10:00 am ET today (NYSE:FET)
us.rd.yahoo.com - February 10 at 5:44 PM
reuters.com logoBRIEF-Forum Energy Technologies announces Q4 revenue of $147 mln (NYSE:FET)
www.reuters.com - February 9 at 10:51 PM
finance.yahoo.com logoForum Energy Technologies Announces Fourth Quarter and Full Year 2016 Results (NYSE:FET)
finance.yahoo.com - February 9 at 10:51 PM
News IconSell-side is Weighing in on Forum Energy Technologies, Inc. (NYSE:FET) Earnings - Aiken Advocate (NYSE:FET)
aikenadvocate.com - February 9 at 5:50 PM
biz.yahoo.com logoQ4 2016 Forum Energy Technologies Inc Earnings Release - After Market Close (NYSE:FET)
biz.yahoo.com - February 9 at 5:50 PM
News IconBuy, Sell or Hold? Analysts Approach: Forum Energy Technologies ... - The USA Commerce (NYSE:FET)
www.theusacommerce.com - February 9 at 3:45 AM
News IconMarket Update: Following the Charts for Forum Energy Technologies, Inc. (NYSE:FET) - Baxter Review (NYSE:FET)
baxternewsreview.com - February 7 at 6:24 PM
News IconCompany Shares in Review: Forum Energy Technologies, Inc. (NYSE:FET) - The Standard (NYSE:FET)
6milestandard.com - February 7 at 6:24 PM
News IconShares in Focus: Forum Energy Technologies, Inc. (NYSE:FET) - The Tribune (NYSE:FET)
lakecitytribune.com - January 31 at 10:55 PM
News IconTrading Insight: Taking a Look at Levels for Forum Energy Technologies Inc. (FET) - Market Point (NYSE:FET)
mtptnews.com - January 30 at 5:52 PM
investornewswire.com logoStock Price Forecast Of Forum Energy Technologies, Inc. (NYSE:FET) At $30 - Investor Newswire (NYSE:FET)
www.investornewswire.com - January 30 at 12:07 PM
News IconFollowing the Numbers on Shares of Forum Energy Technologies, Inc. (NYSE:FET) - The Tribune (NYSE:FET)
lakecitytribune.com - January 27 at 6:55 PM
News IconEarnings in Full Force, Analysts Take Aim at Forum Energy Technologies, Inc. (NYSE:FET) - Wall Street Beacon (NYSE:FET)
wsbeacon.com - January 27 at 6:55 PM
capitalcube.com logoForum Energy Technologies, Inc. – Value Analysis (NYSE:FET) : January 27, 2017 (NYSE:FET)
www.capitalcube.com - January 27 at 6:55 PM
News IconWhat are Brokerage Firms Saying About Forum Energy Technologies, Inc. (NYSE:FET)? - Aiken Advocate (NYSE:FET)
aikenadvocate.com - January 26 at 6:38 PM
News IconTrading Watch: Indicators in Review for Forum Energy Technologies Inc. (FET) - Market Point (NYSE:FET)
mtptnews.com - January 26 at 6:38 PM
capitalcube.com logoForum Energy Technologies, Inc. breached its 50 day moving average in a Bullish Manner : FET-US : January 26, 2017 (NYSE:FET)
www.capitalcube.com - January 26 at 6:38 PM
News IconStock Backsliding Ahead of the Bell: Forum Energy Technologies, Inc. (NYSE:FET) - Aiken Advocate (NYSE:FET)
aikenadvocate.com - January 24 at 3:35 AM
News IconWatching the Technicals on Shares of Forum Energy Technologies Inc. (FET) - Sherwood Daily (NYSE:FET)
sherwooddaily.com - January 20 at 6:30 PM
News IconForum ROV to support University Renewables Projects (NYSE:FET)
www.worldenergynews.com - January 16 at 5:15 PM
News IconWill The Needle Move For Forum Energy Technologies, Inc. (NYSE:FET) Shares This Earnings Season? - Wall Street Beacon (NYSE:FET)
wsbeacon.com - January 13 at 5:55 PM
News IconShares Backsliding in Session: Forum Energy Technologies, Inc. (NYSE:FET) - Wall Street Beacon (NYSE:FET)
wsbeacon.com - January 12 at 9:08 PM
News IconStock Vaulting to Uncharted Territory: Forum Energy Technologies, Inc. (NYSE:FET) - Wall Street Beacon (NYSE:FET)
wsbeacon.com - January 12 at 9:08 PM
News IconInside the Numbers for Forum Energy Technologies, Inc. (NYSE:FET) - Wall Street Beacon (NYSE:FET)
wsbeacon.com - January 12 at 3:47 AM
streetinsider.com logoForum Energy Technologies (FET) Says it Acquired Cooper Valves and Innovative Valve Components - StreetInsider.com (NYSE:FET)
www.streetinsider.com - January 10 at 11:09 PM
businesswire.com logoForum Energy Technologies Announces Timing of Fourth Quarter 2016 Earnings Release and Conference Call - Business Wire (press release) (NYSE:FET)
www.businesswire.com - January 10 at 11:09 PM
News IconForum Energy acquires valve companies (NYSE:FET)
www.chron.com - January 10 at 6:08 PM
finance.yahoo.com logoForum Energy Technologies Announces Timing of Fourth Quarter 2016 Earnings Release and Conference Call (NYSE:FET)
finance.yahoo.com - January 10 at 6:08 PM
News IconShares in Review: Forum Energy Technologies, Inc. (NYSE:FET) - Wall Street Beacon (NYSE:FET)
wsbeacon.com - January 9 at 11:03 PM
businesswire.com logoForum Energy Technologies Acquires Cooper Valves and Innovative Valve Components - Business Wire (press release) (NYSE:FET)
www.businesswire.com - January 9 at 11:03 PM
streetinsider.com logoForum Energy Technologies (FET) Says it Acquired Cooper Valves and Innovative Valve Components (NYSE:FET)
www.streetinsider.com - January 9 at 6:01 PM

Social

What is Forum Energy Technologies' stock symbol?

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

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

17 brokerages have issued twelve-month price objectives for Forum Energy Technologies' shares. Their forecasts range from $10.00 to $25.00. On average, they expect Forum Energy Technologies' stock price to reach $20.40 in the next twelve months.

When will Forum Energy Technologies announce their earnings?

Forum Energy Technologies is scheduled to release their next quarterly earnings announcement on Wednesday, April, 26th 2017.

What are analysts saying about Forum Energy Technologies stock?

Here are some recent quotes from research analysts about Forum Energy Technologies stock:

  • According to Zacks Investment Research, "Forum Energy Technologies is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. The Company designs and manufactures products, and engages in aftermarket services, parts supply and related services that complement the Company's product offering. " (2/16/2017)

  • Credit Suisse Group analysts commented, "Silicon prices are near 10-year lows, but we see evidence of recent increases and expect further upside based on improving demand & a rising cost curve from peers in 2H16 and in the absence of improvement, a greater supply- side response to promote higher prices if the former fails to materialize. Our scenario analysis suggests favorable risk-reward with 2.1x upside vs. downside and we upgrade shares of GSM to Buy, setting our PT to $11.00. Pricing at or Near Trough: Silicon metals & alloy prices are at or near the bottom. There has recently been improvement in select indices for silicon metal, and several alloy prices, notably manganese (Mg) based, have improved YTD. Mg based alloys have increased +8-23% since the beginning of the year and ferrosilicon (FeSi) is up +6%. Further pricing improvement is expected given a) improved 2H16 demand (poly ramps a factor), b) higher energy costs in select markets, and c) weakness in the USD vs. 1Q16/4Q15. Analysis Indicates Favorable Risk-Reward: We believe risk-reward is attractive for GSM’s shares given 2.1x upside (+38%) to downside (-18%) based on our scenario analysis. Our base case assumes spot (Si US $0.91/lb, EU $0.83) prices to improve (2017E Si US $1.15/ lb, EU $1.02) while contract prices are estimated lower YoY and metals ASP increase to $0.78/ lb (+$0.03) YoY." (6/13/2016)

Who owns Forum Energy Technologies stock?

Forum Energy Technologies' stock is owned by many different of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (5.08%), Silvercrest Asset Management Group LLC (2.82%), Champlain Investment Partners LLC (2.51%), Aberdeen Asset Management PLC UK (2.30%), State Street Corp (1.70%) and Cortina Asset Management LLC (1.28%). Company insiders that own Forum Energy Technologies stock include David C Baldwin, Evelyn M Angelle, James Whelan Harris and Prady Iyyanki.

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 Champlain Investment Partners LLC, Royce & Associates LP, GeoSphere Capital Management, Paradigm Asset Management Co. LLC, Highland Capital Management LP and Metropolitan Life Insurance Co. NY. Company insiders that have sold Forum Energy Technologies stock in the last year include David C Baldwin, James Whelan Harris and Prady Iyyanki.

Who bought Forum Energy Technologies stock? Who is buying Forum Energy Technologies stock?

Forum Energy Technologies' stock was acquired by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Loomis Sayles & Co. L P, Aberdeen Asset Management PLC UK, Cortina Asset Management LLC, State Street Corp, Nicholas Investment Partners LP, Dimensional Fund Advisors LP and Tudor Investment Corp Et Al.

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.

How much does a share of Forum Energy Technologies stock cost?

One share of Forum Energy Technologies stock can currently be purchased for approximately $20.10.

Forum Energy Technologies (NYSE:FET) Chart for Monday, February, 20, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Forum Energy Technologies (NYSE:FET)

Earnings History Chart

Earnings by Quarter for Forum Energy Technologies (NYSE:FET)

Dividend History Chart

Dividend Payments by Quarter for Forum Energy Technologies (NYSE:FET)

Last Updated on 2/20/2017 by MarketBeat.com Staff