About Forum Energy Technologies (NYSE:FET)
Forum Energy Technologies, Inc. is an oilfield products company. The Company designs, manufactures and distributes products, and engages in aftermarket services, parts supply and related services. 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 and subsea construction markets. The Completions segment designs, manufactures and supplies products, and provide related services to the well construction, completion, stimulation and intervention markets. The Production & Infrastructure segment designs, manufactures and supplies products, and provides related equipment and services to production and infrastructure markets. Its product offering includes a mix of engineered capital products and replaced items that are used in the exploration, development, production and transportation of oil and natural gas.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil Related Services and Equipment
- Sub-Industry: Oil & Gas Equipment & Services
- Symbol: NYSE:FET
- CUSIP: 34984V10
- Web: www.f-e-t.com
- Market Cap: $1.46998 billion
- Outstanding Shares: 96,169,000
- 50 Day Moving Avg: $14.19
- 200 Day Moving Avg: $15.20
- 52 Week Range: $10.05 - $26.25
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 75.56
- P/E Growth: -1.07
- Annual Revenue: $657.68 million
- Price / Sales: 1.99
- Book Value: $12.23 per share
- Price / Book: 1.11
- EBITDA: ($22,640,000.00)
- Net Margins: -18.89%
- Return on Equity: -4.55%
- Return on Assets: -3.03%
- Debt-to-Equity Ratio: 0.34%
- Current Ratio: 4.22%
- Quick Ratio: 2.21%
- Average Volume: 996,772 shs.
- Beta: 1.71
- Short Ratio: 14.16
Frequently Asked Questions for Forum Energy Technologies (NYSE:FET)
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) issued its quarterly earnings results on Thursday, July, 27th. The company reported ($0.10) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.11) by $0.01. The company earned $201.10 million during the quarter, compared to the consensus estimate of $194.16 million. Forum Energy Technologies had a negative net margin of 18.89% and a negative return on equity of 4.55%. View Forum Energy Technologies' Earnings History.
When will Forum Energy Technologies make its next earnings announcement?
What guidance has Forum Energy Technologies issued on next quarter's earnings?
Forum Energy Technologies issued an update on its third quarter earnings guidance on Thursday, October, 12th. The company provided earnings per share (EPS) guidance of ~($0.10) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.06). The company issued revenue guidance of ~$200 million, compared to the consensus revenue estimate of $221.22 million.
Where is Forum Energy Technologies' stock going? Where will Forum Energy Technologies' stock price be in 2017?
16 analysts have issued 1-year price targets for Forum Energy Technologies' stock. Their predictions range from $11.00 to $25.00. On average, they anticipate Forum Energy Technologies' stock price to reach $18.73 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 John Wood Group PLC (WG), Oceaneering International (OII), McDermott International (MDR), Frank's International N.V. (FI), Petrofac Limited (PFC), Superior Energy Services (SPN), Tidewater (TDW), Helix Energy Solutions Group (HLX), Exterran Corporation (EXTN), USA Compression Partners, LP (USAC), Archrock Partners, L.P. (APLP), NCS Multistage Holdings (NCSM), Fairmount Santrol Holdings (FMSA), Archrock (AROC), Newpark Resources (NR), Solaris Oilfield Infrastructure (SOI), Ferrellgas Partners, L.P. (FGP) and Oasis Midstream Partners LP (OMP).
Who are Forum Energy Technologies' key executives?
Forum Energy Technologies' management team includes the folowing people:
- C. Christopher Gaut, Executive Chairman of the Board
- Pradyumna Iyyanki, President, Chief Executive Officer, Director
- James W. Harris, Chief Financial Officer, Executive Vice President
- James L. McCulloch J.D., Executive Vice President, General Counsel, Secretary
- Michael D. Danford, Senior Vice President - Human Resources
- Franklin Myers, Lead Independent Director
- Evelyn M. Angelle, Independent Director
- David C. Baldwin, Independent Director
- John A. Carrig J.D., Independent Director
- Michael M. McShane, Independent Director
Who owns Forum Energy Technologies stock?
Forum Energy Technologies' stock is owned by a number of of institutional and retail investors. Top institutional investors include
Q-GT (V) INVESTMENT PARTNERS, LLC
(9.25%) and Viking Fund Management LLC (0.94%). 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.
Who sold Forum Energy Technologies stock? Who is selling Forum Energy Technologies stock?
Forum Energy Technologies' stock was sold by a variety of institutional investors in the last quarter, including Viking Fund Management LLC. Company insiders that have sold Forum Energy Technologies stock in the last year include David C Baldwin, James Whelan Harris and Prady Iyyanki. View Insider Buying and Selling for Forum Energy Technologies.
How do I buy Forum Energy Technologies stock?
Shares of Forum Energy Technologies can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Forum Energy Technologies' stock price today?
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 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.
One share of Forum Energy Technologies stock can currently be purchased for approximately $13.60.
Consensus Ratings for Forum Energy Technologies (NYSE:FET) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings 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). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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.
|Ratings Breakdown: ||12 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||$18.73 (37.75% upside)|Consensus Price Target History for Forum Energy Technologies (NYSE:FET)
Analysts' Ratings History for Forum Energy Technologies (NYSE:FET)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/12/2017||Scotiabank||Set Price Target||Hold||$24.00||N/A|
|10/10/2017||Deutsche Bank AG||Initiated Coverage||Hold||$17.00||N/A|
|10/6/2017||Cowen and Company||Set Price Target||Hold||$11.00||N/A|
|10/5/2017||Jefferies Group LLC||Set Price Target||Hold||$17.00||N/A|
|10/5/2017||Citigroup Inc.||Boost Price Target||Neutral||$14.00 -> $16.00||N/A|
|8/24/2017||Credit Suisse Group||Downgrade||Outperform -> Neutral||$23.00 -> $12.00||Medium|
|7/28/2017||Capital One Financial Corporation||Downgrade||Overweight -> Equal Weight||Low|
|7/12/2017||Barclays PLC||Downgrade||Overweight -> Equal Weight||$24.00 -> $16.00||Low|
|6/27/2017||Guggenheim||Downgrade||Buy -> Neutral||Medium|
|6/21/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$25.00 -> $19.00||Low|
|6/7/2017||Societe Generale||Initiated Coverage||Buy -> Buy||$20.00||High|
|5/16/2017||J P Morgan Chase & Co||Upgrade||Underweight -> Neutral||$16.00||Medium|
|4/17/2017||Wolfe Research||Downgrade||Outperform -> Market Perform||$24.00 -> $21.00||Low|
|3/10/2017||Gabelli||Upgrade||Hold -> Buy||$25.00||Low|
|2/16/2017||FBR & Co||Boost Price Target||Mkt Perform||$14.00 -> $18.00||N/A|
|11/7/2016||DA Davidson||Reiterated Rating||Buy||$25.00||N/A|
|8/1/2016||Iberia Capital||Upgrade||Sector Perform -> Outperform||$18.00 -> $21.00||N/A|
|7/7/2016||Simmons||Reiterated Rating||Neutral||$15.25 -> $18.00||N/A|
|6/16/2016||Howard Weil||Boost Price Target||Sector Perform||$16.00 -> $19.00||N/A|
|4/18/2016||GMP Securities||Downgrade||Buy -> Hold||N/A|
|2/16/2016||SunTrust Banks, Inc.||Lower Price Target||Neutral||$12.00 -> $9.00||N/A|
|2/16/2016||KLR Group||Lower Price Target||Buy||$19.00 -> $15.00||N/A|
|2/12/2016||William Blair||Reiterated Rating||Hold||N/A|
|1/21/2016||Robert W. Baird||Lower Price Target||$14.00 -> $12.00||N/A|
Earnings History for Forum Energy Technologies (NYSE:FET)Earnings History by Quarter for Forum Energy Technologies (NYSE FET)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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|
|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|
|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|
Earnings Estimates for Forum Energy Technologies (NYSE:FET)
2017 EPS Consensus Estimate: ($0.33)
2018 EPS Consensus Estimate: $0.23
(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
Insider Trading and Institutional Ownership History for Forum Energy Technologies (NYSE:FET)
Insider Ownership Percentage: 32.80%Insider Trades by Quarter for Forum Energy Technologies (NYSE:FET)
Institutional Ownership Percentage: 95.64%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|1/5/2017||James Whelan Harris||CFO||Sell||10,284||$24.00||$246,816.00|| |
|1/4/2017||James Whelan Harris||CFO||Sell||20,000||$24.00||$480,000.00|| |
|12/27/2016||Prady Iyyanki||COO||Sell||10,000||$23.00||$230,000.00|| |
|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|| |
|9/4/2015||Evelyn M Angelle||Director||Buy||26,000||$15.00||$390,000.00|| |
|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|| |
|5/16/2014||Michael Dewayne Danford||VP||Sell||2,000||$32.50||$65,000.00|| |
|4/1/2014||Tylar Schmitt||VP||Sell||12,950||$30.88||$399,896.00|| |
|9/13/2013||Andrew Waite||Director||Sell||490,347||$26.96||$13,219,755.12|| |
|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|| |
|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|| |
Headline Trends for Forum Energy Technologies (NYSE:FET)
Latest Headlines for Forum Energy Technologies (NYSE:FET)
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Forum Energy Technologies (FET) Chart for Sunday, October, 22, 2017