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$818.60 million
Profitability
Miscellaneous
Employees2,600
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) posted its quarterly earnings data on Monday, October, 29th. The oil and gas company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The oil and gas company earned $267 million during the quarter, compared to analysts' expectations of $283.19 million. Forum Energy Technologies had a net margin of 5.87% and a negative return on equity of 0.74%. The company's quarterly revenue was up 34.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.10) EPS. View Forum Energy Technologies' Earnings History.
When is Forum Energy Technologies' next earnings date?
How can I listen to Forum Energy Technologies' earnings call?
Forum Energy Technologies will be holding an earnings conference call on Friday, February 8th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8557578876.
What price target have analysts set for FET?
14 analysts have issued 12 month price targets for Forum Energy Technologies' shares. Their predictions range from $7.00 to $16.00. On average, they anticipate Forum Energy Technologies' stock price to reach $12.0385 in the next year. This suggests a possible upside of 135.6% from the stock's current price. View Analyst Price Targets for Forum Energy Technologies.
What is the consensus analysts' recommendation for Forum Energy Technologies?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forum Energy Technologies in the last year. There are currently 11 hold ratings and 3 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?
Media coverage about FET stock has trended somewhat positive this week, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Forum Energy Technologies earned a daily sentiment score of 0.9 on InfoTrie's scale. They also gave headlines about the oil and gas company a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the stock's share price in the immediate future.
Who are some of Forum Energy Technologies' key competitors?
Who are Forum Energy Technologies' key executives?
Forum Energy Technologies' management team includes the folowing people:
- Mr. C. Christopher Gaut, Chairman, Pres & CEO (Age 62)
- Mr. Prady Iyyanki, Pres & Director (Age 48)
- Mr. Pablo G. Mercado, Sr. VP & CFO (Age 41)
- Mr. James L. McCulloch, Exec. VP, Gen. Counsel & Sec. (Age 65)
- Mr. Michael D. Danford, Sr. VP of HR (Age 55)
Who are Forum Energy Technologies' major shareholders?
Which major investors are selling Forum Energy Technologies stock?
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 $5.11.
How big of a company is Forum Energy Technologies?
Forum Energy Technologies has a market capitalization of $545.84 million 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 ($0.38) on an earnings per share basis. Forum Energy Technologies employs 2,600 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.
