About Forum Energy Technologies (NYSE:FET)
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 MACH/SVC/DRILL
Sub-IndustryOil & Gas Equipment & Services
Trailing P/E Ratio-17.5384615384615
Forward P/E Ratio1,140.00
Sales & Book Value
Annual Sales$818.60 million
Price / Sales1.51
Cash Flow$0.90 per share
Price / Cash12.69
Book Value$13.03 per share
Price / Book0.87
Return on Equity-2.98%
Return on Assets-1.95%
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 (NYSE:FET) released its quarterly earnings data on Thursday, February, 8th. The oil and gas company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by $0.01. The oil and gas company had revenue of $247.70 million for the quarter, compared to analyst estimates of $249.85 million. Forum Energy Technologies had a negative net margin of 6.99% and a negative return on equity of 2.98%. Forum Energy Technologies's revenue for the quarter was up 68.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.16) EPS. View Forum Energy Technologies' Earnings History.
When will Forum Energy Technologies make its next earnings announcement?
Where is Forum Energy Technologies' stock going? Where will Forum Energy Technologies' stock price be in 2018?
15 Wall Street analysts have issued 1-year target prices for Forum Energy Technologies' shares. Their forecasts range from $10.00 to $24.00. On average, they anticipate Forum Energy Technologies' stock price to reach $15.77 in the next twelve months. View Analyst Ratings for Forum Energy Technologies.
Who are some of Forum Energy Technologies' key competitors?
Some companies that are related to Forum Energy Technologies include Weatherford International (WFT), Nabors Industries (NBR), Ocean Rig UDW Inc. New (ORIG), Liberty Oilfield Services (LBRT), Diamond Offshore Drilling (DO), Ensco (ESV), McDermott International (MDR), Oceaneering International (OII), Dril-Quip (DRQ), C&J Energy Services (CJ), Oil States International (OIS), Superior Energy Services (SPN), Rowan Companies (RDC), Select Energy Services (WTTR), NOW (DNOW), Exterran Partners (USAC), Petroleum Geo-Services ASA (PGSVY) and Unit (UNT).
Who are Forum Energy Technologies' key executives?
Forum Energy Technologies' management team includes the folowing people:
- Mr. Prady Iyyanki, Pres, CEO & Director (Age 48)
- Mr. James L. McCulloch, Exec. VP, Gen. Counsel & Sec. (Age 65)
- Mr. Michael D. Danford, Sr. VP of HR (Age 55)
- Mr. James Whelan Harris, Exec. VP of Drilling & Subsea (Age 59)
- Mr. Pablo G. Mercado, Sr. VP & CFO (Age 41)
Has Forum Energy Technologies been receiving favorable news coverage?
Headlines about FET stock have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Forum Energy Technologies earned a news impact score of 0.13 on Accern's scale. They also assigned news headlines about the oil and gas company an impact score of 45.86 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Forum Energy Technologies' major shareholders?
Forum Energy Technologies' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.93%), Standard Life Aberdeen plc (4.40%), Vaughan Nelson Investment Management L.P. (4.36%), Jennison Associates LLC (2.37%), Alliancebernstein L.P. (1.57%) and Sapience Investments LLC (1.27%). Company insiders that own Forum Energy Technologies stock include David C Baldwin, James Whelan Harris and Prady Iyyanki. View Institutional Ownership Trends for Forum Energy Technologies.
Which institutional investors are selling Forum Energy Technologies stock?
FET stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Cortina Asset Management LLC, Deutsche Bank AG, Eagle Asset Management Inc., GW&K Investment Management LLC, Viking Fund Management LLC, Alliancebernstein L.P. and Kornitzer Capital Management Inc. KS. View Insider Buying and Selling for Forum Energy Technologies.
Which institutional investors are buying Forum Energy Technologies stock?
FET stock was bought by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Standard Life Aberdeen plc, SIR Capital Management L.P., Encompass Capital Advisors LLC, BlackRock Inc., Bulldog Investors LLC, Barings LLC and Schwab Charles Investment Management 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 $11.40.
How big of a company is Forum Energy Technologies?
Forum Energy Technologies has a market capitalization of $1.24 billion and generates $818.60 million in revenue each year. The oil and gas company earns $-59,400,000.00 in net income (profit) each year or ($0.65) on an earnings per share basis. Forum Energy Technologies employs 2,600 workers across the globe.
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 (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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Forum Energy Technologies (NYSE:FET) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.20||2.25||2.14||2.31|
|Ratings Breakdown: ||0 Sell Rating(s)|
12 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
12 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
12 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
11 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$15.77||$16.43||$17.92||$19.67|
|Price Target Upside: ||38.33% upside||43.48% upside||28.57% upside||86.41% upside|
Forum Energy Technologies (NYSE:FET) Consensus Price Target History
Forum Energy Technologies (NYSE:FET) Analyst Ratings History
(Data available from 3/22/2016 forward)
Forum Energy Technologies (NYSE:FET) Earnings History and Estimates Chart
Forum Energy Technologies (NYSE FET) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/8/2018||Q4 2017||($0.03)||($0.04)||$249.85 million||$247.70 million||View||Listen|
|10/31/2017||Q3 2017||($0.10)||($0.10)||$200.96 million||$198.70 million||View||N/A|
|7/27/2017||Q2 2017||($0.11)||($0.10)||$194.16 million||$201.10 million||View||N/A|
|4/27/2017||Q1 2017||($0.16)||($0.14)||$164.38 million||$171.10 million||View||N/A|
|2/9/2017||Q416||($0.18)||($0.16)||$145.95 million||$147.10 million||View||Listen|
|10/27/2016||Q316||($0.19)||($0.19)||$145.97 million||$138.30 million||View||Listen|
|7/28/2016||Q216||($0.26)||($0.19)||$143.17 million||$142.80 million||View||Listen|
|4/28/2016||Q116||($0.20)||($0.22)||$166.55 million||$159.00 million||View||Listen|
|2/11/2016||Q415||($0.06)||($0.12)||$195.61 million||$196.10 million||View||Listen|
|10/22/2015||Q315||$0.09||$0.07||$267.45 million||$245.00 million||View||Listen|
|7/23/2015||Q215||$0.17||$0.16||$311.81 million||$284.40 million||View||Listen|
|4/23/2015||Q115||$0.28||$0.30||$378.40 million||$348.10 million||View||Listen|
|2/11/2015||Q4 2014||$0.49||$0.52||$438.70 million||View||N/A|
|10/23/2014||Q3||$0.47||$0.52||$445.61 million||$468.80 million||View||Listen|
|7/24/2014||Q214||$0.43||$0.44||$415.12 million||$428.30 million||View||Listen|
|4/24/2014||Q114||$0.39||$0.40||$403.17 million||$403.90 million||View||Listen|
|2/7/2014||Q413||$0.40||$0.39||$399.51 million||$393.70 million||View||Listen|
|10/25/2013||Q313||$0.42||$0.44||$407.71 million||$390.20 million||View||Listen|
|7/26/2013||Q2 2013||$0.38||$0.32||$384.10 million||$367.90 million||View||Listen|
|4/26/2013||Q1 2013||$0.34||$0.34||$349.60 million||$373.00 million||View||Listen|
|10/29/2012||Q312||$0.43||$0.44||$373.90 million||$347.80 million||View||N/A|
Forum Energy Technologies (NYSE:FET) Earnings Estimates
2018 EPS Consensus Estimate: $0.15
2019 EPS Consensus Estimate: $0.44
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Forum Energy Technologies (NYSE:FET)
No dividend announcements for this company have been tracked by MarketBeat.com
Forum Energy Technologies (NYSE FET) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 32.80%
Institutional Ownership Percentage: 94.25%
Forum Energy Technologies (NYSE FET) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|3/2/2018||Prady Iyyanki||CEO||Buy||90,000||$10.63||$956,700.00||443,417|| |
|1/5/2017||James Whelan Harris||CFO||Sell||10,284||$24.00||$246,816.00||302,738|| |
|1/4/2017||James Whelan Harris||CFO||Sell||20,000||$24.00||$480,000.00||283,306|| |
|12/27/2016||Prady Iyyanki||COO||Sell||10,000||$23.00||$230,000.00||129,151|| |
|12/23/2016||Prady Iyyanki||COO||Sell||20,000||$22.00||$440,000.00|| |
|12/8/2016||David C Baldwin||Director||Sell||3,725,000||$21.50||$80,087,500.00||34,421|| |
|9/4/2015||Evelyn M Angelle||Director||Buy||26,000||$15.00||$390,000.00||52,138|| |
|10/30/2014||Evelyn M Angelle||Director||Buy||18,000||$27.15||$488,700.00|| |
|9/5/2014||James L Mcculloch||SVP||Sell||75,500||$32.78||$2,474,890.00|| |
|6/26/2014||Michael Dewayne Danford||VP||Sell||4,050||$36.33||$147,136.50|| |
|6/20/2014||James Whelan Harris||CFO||Sell||10,000||$36.00||$360,000.00|| |
|6/19/2014||Michael Dewayne Danford||VP||Sell||12,000||$34.73||$416,760.00|| |
|6/6/2014||James Whelan Harris||CFO||Sell||10,000||$34.00||$340,000.00|| |
|5/21/2014||Michael Dewayne Danford||VP||Sell||4,000||$33.08||$132,320.00||63,453|| |
|5/16/2014||Michael Dewayne Danford||VP||Sell||2,000||$32.50||$65,000.00||63,453|| |
|4/1/2014||Tylar Schmitt||VP||Sell||12,950||$30.88||$399,896.00||29,325|| |
|9/13/2013||Andrew Waite||Director||Sell||490,347||$26.96||$13,219,755.12||9,779|| |
|9/10/2013||Andrew L Waite||Director||Sell||445,065||$26.74||$11,901,038.10|| |
|9/5/2013||L Simmons||Insider||Sell||134,440||$26.50||$3,562,660.00|| |
|8/29/2013||Andrew Waite||Director||Sell||234,889||$26.50||$6,224,558.50||9,779|| |
|8/14/2013||L Simmons||Insider||Sell||66,258||$27.01||$1,789,628.58|| |
|8/8/2013||L Simmons||Insider||Sell||240,019||$27.61||$6,626,924.59|| |
|7/11/2013||James Whelan Harris||CFO||Sell||31,450||$31.00||$974,950.00|| |
|5/16/2013||James Whelan Harris||CFO||Sell||9,900||$29.00||$287,100.00|| |
|2/27/2013||David C Baldwin||Director||Sell||768,938||$26.52||$20,392,235.76|| |
|2/27/2013||James L Mcculloch||SVP||Sell||30,000||$26.49||$794,700.00|| |
Forum Energy Technologies (NYSE FET) News Headlines
Forum Energy Technologies (NYSE:FET) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Forum Energy Technologies (NYSE:FET) Income Statement, Balance Sheet and Cash Flow Statement
Forum Energy Technologies (NYSE FET) Stock Chart for Thursday, March, 22, 2018