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DOW   30,996.98
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S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NYSE:FET

Forum Energy Technologies Stock Forecast, Price & News

$14.94
+0.31 (+2.12 %)
(As of 01/22/2021 12:00 AM ET)
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Today's Range
$14.47
Now: $14.94
$15.35
50-Day Range
$11.79
MA: $13.36
$15.35
52-Week Range
$3.00
Now: $14.94
$26.40
Volume102,277 shs
Average Volume95,998 shs
Market Capitalization$83.31 million
P/E RatioN/A
Dividend YieldN/A
Beta4.27
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 & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products and provide related services to the drilling, downhole, and subsea 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; downhole technologies, such as cementing and casing tools, and protection products for artificial lift equipment and cables; 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 coiled tubing, stimulation, and intervention markets. This segment offers stimulation and intervention technologies, including hydraulic fracturing pumps, pump consumables, cooling systems, flow iron, wireline cable, and pressure control equipment as well as related recertification and refurbishment services; and coiled tubing products consisting of coiled tubing strings and line pipes. The Production 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.
Forum Energy Technologies logo

MarketRank

Overall MarketRank

1.10 out of 5 stars

Oils/Energy Sector

236th out of 669 stocks

Oil & Gas Field Machinery Industry

10th out of 21 stocks

Analyst Opinion: 0.7Community Rank: 1.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Oil & gas field machinery
Sub-IndustryOil & Gas Equipment & Services
CUSIP34984V10
Phone281-949-2500
Employees2,300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$956.50 million
Cash Flow$99.60 per share
Book Value$88.00 per share

Profitability

Net Income$-567,060,000.00

Miscellaneous

Market Cap$83.31 million
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$14.94
+0.31 (+2.12 %)
(As of 01/22/2021 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 (Coronavirus)?

Forum Energy Technologies' stock was trading at $5.60 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FET shares have increased by 166.8% and is now trading at $14.94.
View which stocks have been most impacted by COVID-19
.

Is Forum Energy Technologies a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Forum Energy Technologies in the last twelve months. There are currently 5 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "sell" Forum Energy Technologies stock.
View analyst ratings for Forum Energy Technologies
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Forum Energy Technologies?

Wall Street analysts have given Forum Energy Technologies a "Sell" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Forum Energy Technologies wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Forum Energy Technologies' CEO?

6,978 employees have rated Forum Energy Technologies CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Forum Energy Technologies' employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Forum Energy Technologies' next earnings date?

Forum Energy Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Forum Energy Technologies
.

How were Forum Energy Technologies' earnings last quarter?

Forum Energy Technologies, Inc. (NYSE:FET) posted its quarterly earnings data on Thursday, November, 5th. The oil and gas company reported ($6.00) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($3.60) by $2.40. The oil and gas company earned $103.60 million during the quarter, compared to the consensus estimate of $96 million. Forum Energy Technologies had a negative return on equity of 21.80% and a negative net margin of 12.78%.
View Forum Energy Technologies' earnings history
.

When did Forum Energy Technologies' stock split? How did Forum Energy Technologies' stock split work?

Shares of Forum Energy Technologies reverse split 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 market closes on Monday, November 9th 2020. An investor that had 100 shares of Forum Energy Technologies stock prior to the reverse split would have 5 shares after the split.

What price target have analysts set for FET?

8 brokers have issued 12 month price objectives for Forum Energy Technologies' shares. Their forecasts range from $4.00 to $8.00. On average, they anticipate Forum Energy Technologies' stock price to reach $6.00 in the next year. This suggests that the stock has a possible downside of 59.8%.
View analysts' price targets for Forum Energy Technologies
or view Wall Street analyst' top-rated stocks.

Are investors shorting Forum Energy Technologies?

Forum Energy Technologies saw a increase in short interest in December. As of December 31st, there was short interest totaling 164,900 shares, an increase of 47.5% from the December 15th total of 111,800 shares. Based on an average daily trading volume, of 49,600 shares, the short-interest ratio is currently 3.3 days. Approximately 3.3% of the company's stock are short sold.
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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Forum Energy Technologies investors own include HD Supply (HDS), Invesque Inc. (IVQ.TO) (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).

Who are Forum Energy Technologies' key executives?

Forum Energy Technologies' management team includes the following people:
  • Mr. C. Christopher Gaut, Pres, CEO & Chairman (Age 64, Pay $1.25M)
  • Mr. David Lyle Williams Jr., Exec. VP & CFO (Age 50, Pay $446.03k)
  • Mr. John C. Ivascu, Exec. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec. (Age 42, Pay $520.08k)
  • Mr. Michael D. Danford, Sr. VP & Chief HR Officer (Age 57, Pay $419.87k)
  • Mr. Neal Lux, Exec. VP of Operations (Age 44)
  • Mr. John McElroy, Principal Accounting Officer & Corp. Controller (Age 36)
  • William Austin, VP of Corp. Devel. & Investor Relations
  • Ms. Donna Smith, Director of Marketing & Communications
  • Mr. Tylar K. Schmitt, VP of Fin. & Treasurer (Age 47)

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 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.

What is Forum Energy Technologies' stock price today?

One share of FET stock can currently be purchased for approximately $14.94.

How big of a company is Forum Energy Technologies?

Forum Energy Technologies has a market capitalization of $83.31 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 ($3.80) 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 1/23/2021 by MarketBeat.com Staff

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