NYSE:FET

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

$19.50
+0.05 (+0.26%)
(As of 04/23/2024 ET)
Today's Range
$19.38
$19.92
50-Day Range
$17.99
$20.27
52-Week Range
$17.65
$28.73
Volume
18,849 shs
Average Volume
31,903 shs
Market Capitalization
$239.46 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A

Forum Energy Technologies MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
1.12% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$38,500 Sold Last Quarter
Proj. Earnings Growth
715.38%
From $0.13 to $1.06 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.40 out of 5 stars

Oils/Energy Sector

156th out of 234 stocks

Oil & Gas Field Machinery Industry

11th out of 13 stocks

FET stock logo

About Forum Energy Technologies Stock (NYSE:FET)

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 and services 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 products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe and related services. 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. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.

FET Stock Price History

FET Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
FET, VTNR among major energy gainers
Forum Energy Technologies Inc
FET Mar 2024 17.500 call
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Q4 2023 Forum Energy Technologies Inc Earnings Call
FET Jul 2024 17.500 call
Forum Energy Gains on Buying Variperm
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Today
4/23/2024
Next Earnings (Confirmed)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
34984V10
Employees
1,600
Year Founded
N/A

Profitability

Net Income
$-18,880,000.00
Pretax Margin
-1.06%

Debt

Sales & Book Value

Annual Sales
$738.90 million
Cash Flow
$3.26 per share
Book Value
$40.48 per share

Miscellaneous

Free Float
11,572,000
Market Cap
$240.93 million
Optionable
Optionable
Beta
2.60
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Key Executives

  • Mr. Neal A. Lux (Age 48)
    President, CEO & Director
    Comp: $1.19M
  • Mr. David Lyle Williams Jr. (Age 54)
    Executive VP & CFO
    Comp: $778.53k
  • Mr. John C. Ivascu (Age 46)
    Executive VP, General Counsel, Chief Compliance Officer & Corporate Secretary
    Comp: $623.04k
  • Ms. Katherine T. Keller (Age 40)
    Senior VP & Chief Accounting Officer
  • Rob Kukla
    Director of Investor Relations
  • Mr. Michael D. Danford (Age 61)
    Senior VP & Chief Human Resources Officer
    Comp: $419.87k
  • Mr. Steven Pounds (Age 51)
    Senior Vice President of Operations
  • Mr. Mark Brookes (Age 48)
    Senior Vice President of Operations
  • Mr. Tylar K. Schmitt (Age 51)
    VP of Finance & Treasurer

FET Stock Analysis - Frequently Asked Questions

How have FET shares performed in 2024?

Forum Energy Technologies' stock was trading at $22.17 at the start of the year. Since then, FET shares have decreased by 12.0% and is now trading at $19.50.
View the best growth stocks for 2024 here
.

Are investors shorting Forum Energy Technologies?

Forum Energy Technologies saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 118,900 shares, an increase of 18.1% from the February 29th total of 100,700 shares. Based on an average trading volume of 31,800 shares, the days-to-cover ratio is presently 3.7 days. Approximately 1.1% of the company's shares are short sold.
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 Thursday, May 2nd 2024.
View our FET earnings forecast
.

How can I listen to Forum Energy Technologies' earnings call?

Forum Energy Technologies will be holding an earnings conference call on Friday, May 3rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Forum Energy Technologies' earnings last quarter?

Forum Energy Technologies, Inc. (NYSE:FET) posted its quarterly earnings results on Thursday, February, 29th. The oil and gas company reported ($0.39) EPS for the quarter. The oil and gas company earned $185.20 million during the quarter. Forum Energy Technologies had a negative trailing twelve-month return on equity of 0.38% and a negative net margin of 2.56%.

When did Forum Energy Technologies' stock split?

Shares of Forum Energy Technologies 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 guidance has Forum Energy Technologies issued on next quarter's earnings?

Forum Energy Technologies updated its first quarter 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $200.0 million-$220.0 million.

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).

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 Allspring Global Investments Holdings LLC (2.07%). Insiders that own company stock include C Christopher Gaut, John A Carrig, John C Ivascu, Michael Mcshane, Neal Lux and Scf Partners, Inc.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FET) was last updated on 4/23/2024 by MarketBeat.com Staff

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