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 in three segments: Drilling & Subsea, Completions, and Production & Infrastructure. The Drilling & Subsea segment designs and manufactures products, and provides related services to the drilling, energy subsea construction and service markets, and 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; and subsea technologies, including robotic vehicles and other capital equipment, specialty components and tools, complementary subsea technical services and rental items, and products used in pipeline infrastructure. The Completions segment provides products and related services to the well construction, completion, stimulation, and intervention markets. This segment offers downhole technologies comprising cementing and casing tools, completion products, and a range of downhole cable protection solutions; and stimulation and intervention technologies, including pumps and well stimulation consumable products, and related recertification and refurbishment services. The Production & Infrastructure 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.
Industry, Sector and Symbol
Industry Oil & gas field machinery
Sub-IndustryOil & Gas Equipment & Services
SectorOils/Energy
Phone281-949-2500
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.06 billion
Profitability
Miscellaneous
Employees2,500
Next Earnings Date4/29/2019 (Estimated)
OptionableOptionable
Forum Energy Technologies (NYSE:FET) Frequently Asked Questions
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) issued its earnings results on Thursday, February, 7th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.11. The oil and gas company had revenue of $272.90 million for the quarter, compared to analyst estimates of $257.82 million. Forum Energy Technologies had a negative net margin of 35.15% and a positive return on equity of 0.16%. The company's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) EPS. View Forum Energy Technologies' Earnings History.
When is Forum Energy Technologies' next earnings date?
What price target have analysts set for FET?
12 brokers have issued 1 year target prices for Forum Energy Technologies' shares. Their predictions range from $7.00 to $15.00. On average, they expect Forum Energy Technologies' stock price to reach $11.3889 in the next year. This suggests a possible upside of 95.0% from the stock's current price. View Analyst Price Targets for Forum Energy Technologies.
What is the consensus analysts' recommendation for Forum Energy Technologies?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forum Energy Technologies in the last year. There are currently 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Forum Energy Technologies.
Has Forum Energy Technologies been receiving favorable news coverage?
News headlines about FET stock have trended somewhat positive this week, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Forum Energy Technologies earned a news impact score of 0.8 on InfoTrie's scale. They also assigned media coverage about the oil and gas company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an impact on the company's share price in the next several days.
Who are some of Forum Energy Technologies' key competitors?
What other stocks do shareholders of Forum Energy Technologies own?
Who are Forum Energy Technologies' key executives?
Forum Energy Technologies' management team includes the folowing people:
- Mr. C. Christopher Gaut, Chairman, Pres & CEO (Age 63)
- Mr. Pablo G. Mercado, Sr. VP & CFO (Age 42)
- Mr. James L. McCulloch, Chief Compliance Officer & Advisor to the CEO (Age 66)
- Mr. Michael D. Danford, Sr. VP of HR (Age 56)
- Mr. James Whelan Harris, Exec. Officer (Age 60)
Who are Forum Energy Technologies' major shareholders?
Forum Energy Technologies' stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.43%), Dimensional Fund Advisors LP (5.35%), Dimensional Fund Advisors LP (5.35%), Standard Life Aberdeen plc (4.10%), Perella Weinberg Partners Capital Management LP (3.58%) and Millennium Management LLC (3.37%). 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 Bank of America Corp DE, Standard Life Aberdeen plc, Northern Trust Corp, Energy Opportunities Capital Management LLC, Thrivent Financial for Lutherans, GW&K Investment Management LLC, BTIM Corp. and FMR LLC. View Insider Buying and Selling for Forum Energy Technologies.
Which major investors are buying Forum Energy Technologies stock?
FET stock was bought by a variety of institutional investors in the last quarter, including Perella Weinberg Partners Capital Management LP, Millennium Management LLC, Sapience Investments LLC, Two Sigma Investments LP, Massachusetts Financial Services Co. MA, Viking Fund Management LLC, Two Sigma Advisers LP and D. E. Shaw & Co. Inc.. View Insider Buying and Selling for Forum Energy Technologies.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Forum Energy Technologies' stock price today?
One share of FET stock can currently be purchased for approximately $5.84.
How big of a company is Forum Energy Technologies?
Forum Energy Technologies has a market capitalization of $641.82 million and generates $1.06 billion in revenue each year. The oil and gas company earns $-374,080,000.00 in net income (profit) each year or $0.02 on an earnings per share basis. Forum Energy Technologies employs 2,500 workers across the globe.
What is Forum Energy Technologies' official website?
How can I contact Forum Energy Technologies?
Forum Energy Technologies' mailing address is 920 MEMORIAL CITY WAY SUITE 1000, HOUSTON TX, 77024. The oil and gas company can be reached via phone at 281-949-2500 or via email at [email protected]
MarketBeat Community Rating for Forum Energy Technologies (NYSE FET)
MarketBeat's community ratings are surveys of what our community members think about Forum Energy Technologies and other stocks. Vote "Outperform" if you believe FET will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FET will underperform the S&P 500 over the long term. You may vote once every thirty days.
