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.
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$1.06 billion
Profitability
Miscellaneous
Employees2,500
Next Earnings Date4/25/2019 (Confirmed)
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 results on Thursday, February, 7th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.11. The oil and gas company had revenue of $272.90 million for the quarter, compared to analyst estimates of $257.82 million. Forum Energy Technologies had a negative net margin of 35.15% and a positive return on equity of 0.16%. The company's quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. 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, April 26th 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?
12 Wall Street analysts have issued 1-year target prices for Forum Energy Technologies' stock. Their predictions range from $6.00 to $15.00. On average, they anticipate Forum Energy Technologies' stock price to reach $10.0556 in the next twelve months. This suggests a possible upside of 89.4% from the stock's current price. View Analyst Price Targets for Forum Energy Technologies.
What is the consensus analysts' recommendation for Forum Energy Technologies?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forum Energy Technologies in the last year. There are currently 8 hold ratings and 4 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 negative on Tuesday, InfoTrie reports. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Forum Energy Technologies earned a news sentiment score of -1.6 on InfoTrie's scale. They also gave news articles about the oil and gas company a news buzz of 5.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the near term.
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 folowing people:
- Mr. C. Christopher Gaut, Pres, CEO & Chairman (Age 63)
- Mr. Pablo G. Mercado, Sr. VP, CFO & Treasurer (Age 42)
- Mr. James L. McCulloch, Chief Compliance Officer & Advisor to the CEO (Age 66)
- Mr. Michael D. Danford, Sr. VP of HR (Age 56)
- Mr. James Whelan Harris, Exec. Officer (Age 60)
Who are Forum Energy Technologies' major shareholders?
Which major investors are selling Forum Energy Technologies stock?
Which major investors are buying 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 $5.31.
How big of a company is Forum Energy Technologies?
Forum Energy Technologies has a market capitalization of $583.61 million and generates $1.06 billion in revenue each year. The oil and gas company earns $-374,080,000.00 in net income (profit) each year or $0.02 on an earnings per share basis. Forum Energy Technologies employs 2,500 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.
