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NYSE:FET

Forum Energy Technologies (FET) Stock Price, News & Analysis

Forum Energy Technologies logo
$13.96
-0.02 (-0.14%)
(As of 11/1/2024 ET)

About Forum Energy Technologies Stock (NYSE:FET)

Key Stats

Today's Range
$12.83
$14.22
50-Day Range
$13.94
$18.75
52-Week Range
$12.83
$24.48
Volume
43,764 shs
Average Volume
41,783 shs
Market Capitalization
$171.43 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling process; well construction casing and cementing equipment, and products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe and related services. The Production segment designs, manufactures, and supplies products, and provides related equipment and services for production and infrastructure markets. This segment offers engineered process systems, production equipment, specialty separation equipment, and various industrial valves for oil and natural gas customers, power generation, renewable energy, and other general industrial applications. 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 Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
27th Percentile Overall Score

FET MarketRank™: 

Forum Energy Technologies scored higher than 27% of companies evaluated by MarketBeat, and ranked 232nd out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Forum Energy Technologies is -6.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Forum Energy Technologies is -6.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Forum Energy Technologies has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Forum Energy Technologies' valuation and earnings.
  • Percentage of Shares Shorted

    0.98% of the float of Forum Energy Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Forum Energy Technologies has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Forum Energy Technologies has recently increased by 2.19%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Forum Energy Technologies does not currently pay a dividend.

  • Dividend Growth

    Forum Energy Technologies does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.98% of the float of Forum Energy Technologies has been sold short.
  • Short Interest Ratio / Days to Cover

    Forum Energy Technologies has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Forum Energy Technologies has recently increased by 2.19%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Forum Energy Technologies has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Forum Energy Technologies this week, compared to 1 article on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Forum Energy Technologies insiders have bought more of their company's stock than they have sold. Specifically, they have bought $68,490.00 in company stock and sold $0.00 in company stock.

  • Percentage Held by Insiders

    Only 6.20% of the stock of Forum Energy Technologies is held by insiders.

  • Percentage Held by Institutions

    65.60% of the stock of Forum Energy Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Forum Energy Technologies' insider trading history.
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FET Stock News Headlines

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Forum Energy Technologies (FET) Set to Announce Earnings on Friday
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FET Stock Analysis - Frequently Asked Questions

Forum Energy Technologies' stock was trading at $22.17 at the beginning of the year. Since then, FET stock has decreased by 37.0% and is now trading at $13.96.
View the best growth stocks for 2024 here
.

Forum Energy Technologies, Inc. (NYSE:FET) announced its quarterly earnings data on Thursday, October, 31st. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter. The oil and gas company had revenue of $207.80 million for the quarter. Forum Energy Technologies had a negative net margin of 3.34% and a negative trailing twelve-month return on equity of 1.37%.

Shares of Forum Energy Technologies reverse split on the morning of 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 stock prior to the reverse split would have 5 shares after the split.

Forum Energy Technologies' top institutional investors include Allspring Global Investments Holdings LLC (2.18%). Insiders that own company stock include C Christopher Gaut, Neal Lux, John C Ivascu, Scf Partners, Inc and Michael Mcshane.
View institutional ownership trends
.

Shares of FET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Forum Energy Technologies investors own include HD Supply (HDS), Brookline Bancorp (BRKL), Invesque (IVQ), Advanced Micro Devices (AMD), NVIDIA (NVDA), Meta Platforms (META) and Tesla (TSLA).

Company Calendar

Last Earnings
10/31/2024
Today
11/02/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/06/2025

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
34984V10
Employees
1,600
Year Founded
N/A

Profitability

Net Income
$-18,880,000.00
Pretax Margin
-1.74%

Debt

Sales & Book Value

Annual Sales
$738.90 million
Cash Flow
$3.24 per share
Book Value
$40.48 per share

Miscellaneous

Free Float
11,522,000
Market Cap
$171.43 million
Optionable
Optionable
Beta
2.44

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This page (NYSE:FET) was last updated on 11/2/2024 by MarketBeat.com Staff
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