NYSE:FET

Forum Energy Technologies - FET Stock Forecast, Price & News

$21.24

-0.01 (-0.05%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $20.80
▼
$21.69
50-Day Range: $19.22
▼
$29.78
52-Week Range: $14.71
▼
$30.99

Volume: 73,419 shs
Average Volume: 28,375 shs
Market Capitalization: $121.49 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. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.

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FET Stock News Headlines

September 14, 2022 | seekingalpha.com

Forum Energy: Consumables Demand, Booking Growth Can Accelerate Returns

September 9, 2022 | finance.yahoo.com

Forum Energy Technologies, Inc. (FET)

September 6, 2022 | nasdaq.com

Is Forum Energy Technologies (NYSE:FET) Using Too Much Debt?

August 18, 2022 | msn.com

Forum Energy Technologies Earnings Perspective: Return On Capital Employed

August 17, 2022 | finance.yahoo.com

Forum Energy Technologies (NYSE:FET) investors are sitting on a loss of 88% if they invested five years ago

August 9, 2022 | markets.businessinsider.com

Why U.S. Stocks Are Trading Mixed; Labor Costs Increase Higher-Than-Expected In Q2

August 4, 2022 | finance.yahoo.com

Forum Energy Technologies Announces Second Quarter 2022 Results

July 20, 2022 | finance.yahoo.com

Forum Energy Technologies Announces Timing of Second Quarter 2022 Earnings Release and Conference Call

July 7, 2022 | finance.yahoo.com

What You Need To Know About Forum Energy Technologies, Inc.'s (NYSE:FET) Investor Composition

July 6, 2022 | morningstar.com

Forum Energy Technologies Inc - Stock Dividends FET

May 5, 2022 | finance.yahoo.com

Forum Energy Technologies Announces First Quarter 2022 Results

April 14, 2022 | finance.yahoo.com

Forum Energy Technologies Announces Timing of First Quarter 2022 Earnings Release and Conference Call

February 28, 2022 | apnews.com

Forum Energy: Q4 Earnings Snapshot

February 25, 2022 | benzinga.com

Preview: Forum Energy Technologies's Earnings

February 7, 2022 | seekingalpha.com

Forum Energy Tech drops after guiding Q4 EBITDA below prior guidance

February 7, 2022 | finance.yahoo.com

Forum Energy Technologies Provides Fourth Quarter 2021 Operational Update and Announces Timing of Earnings Conference Call

January 18, 2022 | markets.businessinsider.com

Mid-Afternoon Market Update: Dow Dips 500 Points; NeuroMetrix Shares Spike Higher

December 6, 2021 | finance.yahoo.com

Forum Energy Technologies promotes exec to CEO

December 6, 2021 | nasdaq.com

Forum Energy Promotes Neal Lux To Succeed Christopher Gaut As President And CEO - Quick Facts

December 6, 2021 | finance.yahoo.com

Forum Energy Technologies Announces CEO Succession

November 5, 2021 | finance.yahoo.com

Forum Energy Technologies (FET) Reports Q3 Loss, Lags Revenue Estimates

November 4, 2021 | finance.yahoo.com

Forum Energy Technologies Announces Third Quarter 2021 Results

November 3, 2021 | benzinga.com

Forum Energy Technologies's Earnings Outlook

November 2, 2021 | benzinga.com

Forum Energy Technologies: Debt Overview

October 21, 2021 | finance.yahoo.com

Forum Energy Technologies Announces Timing of Third Quarter 2021 Earnings Release and Conference Call

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FET Company Calendar

Last Earnings: 11/04/2021
Today: 10/01/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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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: 1,400
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): ($5.98)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-82,650,000.00
Net Margins: -5.04%
Pretax Margin: -4.84%
Return on Equity: -12.63%
Return on Assets: -5.14%

Debt

Debt-to-Equity Ratio: 0.87
Current Ratio: 2.63
Quick Ratio: 1.16

Sales & Book Value

Annual Sales: $541.10 million
Price / Sales: 0.22
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $57.94 per share
Price / Book: 0.37

Miscellaneous

Outstanding Shares: 5,720,000
Free Float: 5,092,000
Market Cap: $121.49 million
Optionable: Optionable
Beta: 3.02

Key Executives

Mr. C. Christopher Gaut (Age 66)
Exec. Chairman
Comp: $1.45M

Mr. Neal Lux (Age 46)
Pres, CEO & Director
Comp: $672.29k

Mr. David Lyle Williams Jr. (Age 52)
Exec. VP & CFO
Comp: $673.95k

Ms. Katherine T. Keller (Age 39)
VP, Principal Accounting Officer & Corp. Controller

Mr. John C. Ivascu (Age 44)
Exec. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.

Mr. Michael D. Danford (Age 59)
Sr. VP & Chief HR Officer

Mr. Tylar K. Schmitt (Age 49)
VP of Fin. & Treasurer

Key Competitors

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Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FET Stock - Frequently Asked Questions

How have FET shares performed in 2022?: Forum Energy Technologies' stock was trading at $16.05 at the beginning of 2022. Since then, FET shares have increased by 32.3% and is now trading at $21.24.
View the best growth stocks for 2022 here.
Are investors shorting Forum Energy Technologies?: Forum Energy Technologies saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 258,800 shares, a drop of 17.7% from the August 15th total of 314,600 shares. Based on an average trading volume of 30,500 shares, the short-interest ratio is currently 8.5 days. Currently, 5.2% of the shares of the company 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 Thursday, November 3rd 2022.
View our FET earnings forecast.
How were Forum Energy Technologies' earnings last quarter?: Forum Energy Technologies, Inc. (NYSE:FET) released its quarterly earnings data on Thursday, November, 4th. The oil and gas company reported ($2.25) earnings per share for the quarter, missing the consensus estimate of ($1.33) by $0.92. The oil and gas company had revenue of $141 million for the quarter, compared to the consensus estimate of $150 million. Forum Energy Technologies had a negative net margin of 5.04% and a negative trailing twelve-month return on equity of 12.63%. During the same period in the previous year, the business earned ($6.00) earnings per share.
When did Forum Energy Technologies' stock split?: Forum Energy Technologies's stock reverse split before market open 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 third quarter 2022 earnings guidance on Thursday, September, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $170.00 million-$180.00 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).
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 $21.24.
How much money does Forum Energy Technologies make?: Forum Energy Technologies (NYSE:FET) has a market capitalization of $121.51 million and generates $541.10 million in revenue each year. The oil and gas company earns $-82,650,000.00 in net income (profit) each year or ($5.98) on an earnings per share basis.
How many employees does Forum Energy Technologies have?: The company employs 1,400 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 10/1/2022 by MarketBeat.com Staff

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