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NYSE:FET

Forum Energy Technologies Stock Forecast, Price & News

$0.54
+0.02 (+3.86 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$0.50
Now: $0.54
$0.54
50-Day Range
$0.45
MA: $0.52
$0.60
52-Week Range
$0.15
Now: $0.54
$2.01
Volume796,636 shs
Average Volume3.72 million shs
Market Capitalization$59.85 million
P/E RatioN/A
Dividend YieldN/A
Beta4.31
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 through 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, industrial heat exchanger and cooling systems, 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.7Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.97 out of 5 stars


Industry, Sector and Symbol

Industry Oil & gas field machinery
Sub-IndustryOil & Gas Equipment & Services
CUSIP34984V10
Phone281-949-2500

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$956.50 million
Cash Flow$5.38 per share
Book Value$4.40 per share

Profitability

Net Income$-567,060,000.00

Miscellaneous

Employees2,300
Market Cap$59.85 million
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$0.54
+0.02 (+3.86 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Forum Energy Technologies (NYSE:FET) Frequently Asked Questions

How has Forum Energy Technologies' stock been impacted by COVID-19?

Forum Energy Technologies' stock was trading at $0.28 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FET shares have increased by 92.0% and is now trading at $0.5375.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Forum Energy Technologies?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forum Energy Technologies in the last year. There are currently 5 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Sell."
View analyst ratings for Forum Energy Technologies
.

When is Forum Energy Technologies' next earnings date?

Forum Energy Technologies is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Forum Energy Technologies
.

How were Forum Energy Technologies' earnings last quarter?

Forum Energy Technologies Inc (NYSE:FET) posted its earnings results on Thursday, August, 6th. The oil and gas company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.25) by $0.04. The oil and gas company earned $113.30 million during the quarter. Forum Energy Technologies had a negative net margin of 80.00% and a negative return on equity of 13.44%.
View Forum Energy Technologies' earnings history
.

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

Forum Energy Technologies updated its second quarter 2020 After-Hours earnings guidance on Monday, July, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $110-115 million, compared to the consensus revenue estimate of $110 million.

What price target have analysts set for FET?

9 analysts have issued 1 year price objectives for Forum Energy Technologies' stock. Their forecasts range from $0.20 to $3.00. On average, they anticipate Forum Energy Technologies' share price to reach $1.34 in the next twelve months. This suggests a possible upside of 148.8% from the stock's current price.
View analysts' price targets for Forum Energy Technologies
.

Are investors shorting Forum Energy Technologies?

Forum Energy Technologies saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 1,640,000 shares, a decrease of 30.5% from the August 15th total of 2,360,000 shares. Based on an average daily trading volume, of 3,670,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 1.7% of the company's stock are sold short.
View Forum Energy Technologies' Short Interest
.

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 following people:
  • Mr. C. Christopher Gaut, Pres, CEO & Chairman (Age 63)
  • Mr. Pablo G. Mercado, Sr. VP, CFO & Treasurer (Age 42)
  • Mr. David Lyle Williams Jr., Sr. VP of Operations (Age 49)
  • Mr. James L. McCulloch, Chief Compliance Officer & Special Advisor to the CEO (Age 66)
  • Mr. Michael D. Danford, Sr. VP of HR (Age 56)

What is Forum Energy Technologies' stock symbol?

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

Who are Forum Energy Technologies' major shareholders?

Forum Energy Technologies' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (2.46%), FMR LLC (1.30%), FMR LLC (1.30%), Neuberger Berman Group LLC (1.15%), Jane Street Group LLC (0.89%) and AQR Capital Management LLC (0.74%). Company insiders that own Forum Energy Technologies stock include Andrew L Waite, C Christopher Gaut, Michael Dewayne Danford and Neal Lux.
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 FMR LLC, FMR LLC, Bank of New York Mellon Corp, Two Sigma Advisers LP, and Neuberger Berman Group LLC.
View insider buying and selling activity 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 Charles Schwab Investment Management Inc., Jane Street Group LLC, Bridgeway Capital Management Inc., Bank of America Corp DE, Virtu Financial LLC, AQR Capital Management LLC, and UBS Group AG. Company insiders that have bought Forum Energy Technologies stock in the last two years include Andrew L Waite, C Christopher Gaut, Michael Dewayne Danford, and Neal Lux.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Forum Energy Technologies' stock price today?

One share of FET stock can currently be purchased for approximately $0.54.

How big of a company is Forum Energy Technologies?

Forum Energy Technologies has a market capitalization of $59.85 million and generates $956.50 million in revenue each year. The oil and gas company earns $-567,060,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis. Forum Energy Technologies employs 2,300 workers across the globe.

What is Forum Energy Technologies' official website?

The official website for Forum Energy Technologies is www.f-e-t.com.

How can I contact Forum Energy Technologies?

Forum Energy Technologies' mailing address is 10344 SAM HOUSTON PARK DRIVE SUITE 300, HOUSTON TX, 77064. The oil and gas company can be reached via phone at 281-949-2500 or via email at [email protected]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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