FET - Forum Energy Technologies Inc Stock Price, Fair Value and News

18.60USD+0.12 (+0.65%)Market Closed

Market Summary

USD18.60+0.12

Market Closed

0.65%

FET Stock Price

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FET RSI Chart

FET Valuation

Market Cap

228.5M

Price/Earnings (Trailing)

-8.89

Price/Sales (Trailing)

0.3

EV/EBITDA

12.2

Price/Free Cashflow

8.6

FET Price/Sales (Trailing)

FET Profitability

EBT Margin

-1.85%

Return on Equity

-5.76%

Return on Assets

-2.52%

Free Cashflow Yield

11.63%

FET Fundamentals

FET Revenue

Revenue (TTM)

752.3M

Rev. Growth (Yr)

7.11%

Rev. Growth (Qtr)

9.28%

FET Earnings

Earnings (TTM)

-25.7M

Earnings Growth (Yr)

-195.9%

Earnings Growth (Qtr)

38.53%

Breaking Down FET Revenue

Last 7 days

-2.5%

Last 30 days

-3.0%

Last 90 days

-7.3%

Trailing 12 Months

-22.5%

How does FET drawdown profile look like?

FET Financial Health

Current Ratio

2.83

Debt/Equity

0.63

Debt/Cashflow

0.13

FET Investor Care

Shares Dilution (1Y)

21.03%

Diluted EPS (TTM)

-2.36

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	752.3M	0	0	0
2023	733.7M	746.9M	744.3M	738.9M
2022	581.7M	616.6M	657.4M	699.9M
2021	444.4M	468.5M	505.9M	541.1M
2020	867.3M	735.0M	599.3M	512.5M
2019	1.1B	1.1B	1.0B	956.5M
2018	897.8M	970.6M	1.0B	1.1B
2017	599.3M	657.7M	718.1M	818.6M
2016	885.0M	743.3M	636.6M	587.6M
2015	1.7B	1.5B	1.3B	1.1B
2014	1.6B	1.6B	1.7B	1.7B
2013	1.4B	1.4B	1.5B	1.5B
2012	1.3B	1.4B	1.4B	1.4B
2011	842.5M	937.7M	1.0B	1.1B
2010	0	0	0	747.3M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
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Tracking the Latest Insider Buys and Sells of Forum Energy Technologies Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 07, 2024	ivascu john c	sold	-38,500	19.25	-2,000	evp, general counsel & cco
Mar 06, 2024	rowsey paul e iii	acquired	-	-	7,975	-
Mar 06, 2024	mcshane michael	acquired	-	-	7,975	-
Mar 06, 2024	angelle evelyn m	acquired	-	-	7,975	-
Mar 06, 2024	carrig john a	acquired	-	-	7,975	-
Mar 06, 2024	beyer leslie ann	acquired	-	-	1,330	-
Mar 06, 2024	raspino louis	acquired	-	-	7,975	-
Mar 06, 2024	gaut c christopher	acquired	-	-	7,975	-
Feb 19, 2024	gaut c christopher	sold	-223,829	20.06	-11,158	-
Feb 19, 2024	ivascu john c	sold (taxes)	-42,005	20.06	-2,094	evp, general counsel & cco

Which funds bought or sold FET recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	JANE STREET GROUP, LLC	new	-	221,718	221,718	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.91	-15,851	19,421	-%
May 15, 2024	Squarepoint Ops LLC	new	-	277,063	277,063	-%
May 15, 2024	CITADEL ADVISORS LLC	added	262	161,375	232,607	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	added	143	406,899	746,832	-%
May 15, 2024	Royal Bank of Canada	reduced	-63.17	-99,000	49,000	-%
May 15, 2024	CANNELL CAPITAL LLC	unchanged	-	7,457	143,149	0.03%
May 15, 2024	Voya Investment Management LLC	reduced	-4.72	-41,010	249,151	-%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	123	655,560	1,304,060	0.03%
May 15, 2024	Newtyn Management, LLC	unchanged	-	-425,517	3,882,110	0.77%

Are Funds Buying or Selling FET?

Are funds buying FET calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FET

No. of Funds

Unveiling Forum Energy Technologies Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 26, 2024	slotting remainco limited partnership	0%	0	SC 13G/A
Feb 13, 2024	vanguard group inc	5.25%	534,632	SC 13G
Feb 09, 2024	keyframe capital partners, l.p.	7.32%	746,047	SC 13G
Jan 29, 2024	blackrock inc.	6.6%	671,848	SC 13G
Jan 18, 2024	polen capital management llc	0.0%	0	SC 13G/A
Jan 16, 2024	slotting remainco limited partnership	7.2%	881,105	SC 13G
Jan 12, 2024	scf gp llc	8.48%	1,034,343	SC 13G
Jan 11, 2024	mackay shields llc	8.04%	980,838	SC 13G/A
Jan 11, 2024	mackay shields llc	8.04%	980,838	SC 13G/A
Feb 10, 2023	polen capital management llc	9.2%	946,123	SC 13G

Recent SEC filings of Forum Energy Technologies Inc

View All Filings

Date Filed	Form Type	Document
May 15, 2024	8-K	Current Report
May 08, 2024	8-K	Current Report
May 03, 2024	10-Q	Quarterly Report
May 03, 2024	8-K	Current Report
Mar 27, 2024	8-K	Current Report
Mar 27, 2024	ARS	ARS
Mar 27, 2024	DEF 14A	DEF 14A
Mar 27, 2024	DEFA14A	DEFA14A
Mar 27, 2024	S-3	S-3
Mar 15, 2024	8-K/A	Current Report

Peers (Alternatives to Forum Energy Technologies Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SLB	69.4B	-	-4.37%	8.34%	16.01	18.27	-86.47%	12.21%
HAL	33.6B	23.1B	-0.37%	26.88%	12.92	1.45	6.71%	32.21%
MID-CAP
FTI	11.4B	8.1B	4.54%	95.93%	53.62	1.4	18.75%	572.06%
NOV	7.5B	8.8B	3.30%	25.61%	7.65	0.86	14.70%	198.19%
CHX	6.5B	3.7B	-4.71%	24.12%	17.98	1.75	-4.02%	100.20%
LBRT	3.9B	4.6B	10.08%	85.95%	8.29	0.86	-1.29%	-16.22%
AROC	3.2B	1.0B	8.02%	114.81%	24.95	3.13	17.17%	118.50%
SMALL-CAP
DNOW	1.5B	2.3B	-6.84%	44.28%	6.15	0.63	2.36%	81.92%
CLB	681.3M	-	8.21%	-15.05%	28.73	1.36	-	-
DRQ	662.9M	443.5M	-3.02%	-19.45%	-30.56	1.49	19.98%	-325.36%
CCLP	344.8M	386.1M	17.68%	82.03%	-36.38	0.89	9.26%	57.09%
BOOM	261.8M	701.7M	-21.46%	-25.01%	10.22	0.37	0.29%	55.69%

Forum Energy Technologies Inc News

Latest updates

Forum Energy Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	9.3%	202,392,000	185,205,000	179,253,000	185,449,000	188,957,000	190,658,000	181,835,000	172,246,000	155,174,000	148,147,000	140,984,000	137,420,000	114,517,000	112,963,000	103,606,000	113,275,000	182,632,000	199,777,000	239,266,000	245,648,000	271,842,000
Gross Profit	28.2%	63,759,000	49,723,000	51,022,000	51,306,000	52,102,000	49,971,000	51,363,000	48,573,000	38,619,000	30,087,000	34,865,000	32,204,000	26,185,000	-59,123,000	13,110,000	12,902,000	22,090,000	48,932,000	62,634,000	63,188,000	70,098,000
Operating Expenses	26.3%	60,559,000	47,936,000	45,351,000	44,899,000	45,251,000	40,623,000	43,661,000	42,589,000	44,327,000	43,204,000	42,241,000	41,824,000	40,565,000	45,024,000	50,157,000	47,924,000	77,497,000	56,752,000	595,954,000	63,022,000	64,952,000
S&GA Expenses	21.4%	54,666,000	45,025,000	45,496,000	44,357,000	45,511,000	47,956,000	43,713,000	43,497,000	44,305,000	42,894,000	42,334,000	42,184,000	41,474,000	43,165,000	45,989,000	48,362,000	60,161,000	56,416,000	63,471,000	62,881,000	68,968,000
EBITDA Margin	-15.4%	0.05	0.06	0.07	0.08	0.11	0.10	0.10	0.06	0.01	-0.02	-0.04	-0.06	-	-	-	-	-	-	-	-	-
Income Taxes	-27.6%	3,528,000	4,873,500	1,477,000	1,900,000	2,800,000	1,717,500	1,370,000	1,716,000	1,853,000	-3,089,500	800,000	1,189,000	1,718,000	876,000	1,000,000	-400,000	-14,350,000	-8,563,000	-3,371,000	8,393,000	1,727,000
Earnings Before Taxes	42.8%	-6,787,000	-11,872,000	9,446,000	-4,718,000	-670,000	-11,132,000	17,847,000	10,980,000	-7,346,000	-22,709,000	-10,738,000	-20,617,000	-27,945,000	-31,824,000	-20,534,000	-5,918,000	-51,494,000	-21,011,000	-536,358,000	-5,341,000	-6,161,000
EBT Margin	-75.1%	-0.02	-0.01	-0.01	0.00	0.02	0.01	0.00	-0.05	-0.11	-0.15	-0.18	-0.22	-	-	-	-	-	-	-	-	-
Net Income	38.5%	-10,315,000	-16,780,000	7,969,000	-6,579,000	-3,486,000	-12,830,000	16,477,000	9,264,000	-9,199,000	-19,595,000	-11,587,000	-21,806,000	-29,663,000	-32,700,000	-21,551,000	-5,494,000	-37,144,000	-12,448,000	-532,987,000	-13,734,000	-7,888,000
Net Income Margin	-33.7%	-0.03	-0.03	-0.02	-0.01	0.01	0.01	0.00	-0.05	-0.11	-0.15	-0.19	-0.23	-	-	-	-	-	-	-	-	-
Free Cashflow	-76.0%	2,113,000	8,813,000	23,726,000	-8,089,000	-24,211,000	12,365,000	17,218,000	-28,394,000	-25,735,000	-9,075,000	-10,751,000	3,379,000	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	24.4%	1,021	821	829	844	850	835	790	807	791	791	800	804	844	890	924	1,067	1,145	1,160	1,199	1,822	1,850
Current Assets	3.2%	547	530	531	538	537	513	478	485	456	447	449	427	456	490	505	630	696	666	693	728	743
Cash Equivalents	5.0%	48.00	46.00	37.00	25.00	47.00	51.00	20.00	27.00	21.00	47.00	50.00	60.00	101	129	20.00	110	109	58.00	29.00	37.00	30.00
Inventory	1.1%	303	300	302	302	288	270	271	271	264	242	234	228	236	252	365	378	393	415	443	469	472
Net PPE	-	-	-	-	-	-	-	86.00	89.00	91.00	94.00	96.00	105	109	114	120	131	136	155	160	172	173
Goodwill	-	63.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	471	471
Liabilities	40.8%	575	408	412	424	433	528	488	499	476	462	454	442	462	484	497	626	703	674	714	802	819
Current Liabilities	-5.5%	193	204	208	210	204	210	197	184	192	176	166	151	134	125	137	148	185	197	224	224	234
Long Term Debt	117.9%	282	130	129	138	152	239	248	269	234	232	231	232	267	293	290	412	445	399	400	478	488
LT Debt, Current	334.2%	5.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	130	129	138	152	239	248	269	234	232	231	232	267	293	-	-	-	-	-	-	-
Shareholder's Equity	8.1%	446	413	417	419	417	307	303	308	315	329	346	362	382	406	427	441	442	486	485	1,020	1,031
Retained Earnings	-1.5%	-709	-699	-682	-690	-684	-680	-667	-684	-693	-684	-664	-653	-631	-601	-568	-547	-541	-503	-490	42.00	56.00
Additional Paid-In Capital	3.3%	1,414	1,369	1,368	1,367	1,366	1,254	1,253	1,253	1,252	1,250	1,248	1,246	1,244	1,243	1,240	1,238	1,235	1,232	1,228	1,223	1,219
Shares Outstanding	19.5%	12.00	10.00	10.00	10.00	10.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	246	-	-	-	91.00	-	-	-	105	-	-	-	44.00	-	-	-	281	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-55.4%	5,023	11,260	26,414	-6,363	-23,128	15,078	18,427	-25,684	-24,875	-7,675	-10,456	3,694	-1,338	2,182	3,778	-3,644	1,567	28,493	34,867	22,897	17,887
Share Based Compensation	28.3%	1,573	1,226	1,247	1,257	841	668	765	621	2,151	1,903	1,881	1,914	1,896	2,058	1,966	2,537	3,223	3,923	3,661	4,352	3,910
Cashflow From Investing	-6222.7%	-152,819	-2,417	-2,453	-884	-819	29,731	-1,145	-705	-742	6,154	4,425	-991	1,110	106,231	2,221	719	-921	937	36,044	-5,293	-3,553
Cashflow From Financing	22561.7%	151,841	-676	-11,029	-15,234	19,357	-14,244	-23,474	33,241	-599	-1,685	-3,777	-43,323	-27,458	-284	-95,861	3,276	51,104	-808	-79,263	-10,084	-32,036
Buy Backs	-	-	-	626	-	5,370	3,000	465	1.00	360	1,065	208	2.00	139	13.00	1.00	2.00	179	44.00	13.00	64.00	973

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FET Income Statement

2024-03-31

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 202,392	$ 188,957
Cost of sales	138,633	136,855
Gross profit	63,759	52,102
Operating expenses
Selling, general and administrative expenses	54,666	45,511
Transaction expenses	5,921	0
Gain on disposal of assets and other	(28)	(260)
Total operating expenses	60,559	45,251
Operating income	3,200	6,851
Other expense
Interest expense	8,760	4,549
Foreign exchange and other losses, net	1,227	2,972
Total other expense	9,987	7,521
Loss before income taxes	(6,787)	(670)
Income tax expense	3,528	2,816
Net loss	$ (10,315)	$ (3,486)
Weighted average shares outstanding
Basic (in shares)	12,201	10,179
Diluted (in shares)	12,201	10,179
Loss per share
Basic (in USD per share)	$ (0.85)	$ (0.34)
Diluted (in USD per share)	$ (0.85)	$ (0.34)
Other comprehensive income (loss), net of tax of $0:
Net loss	$ (10,315)	$ (3,486)
Change in foreign currency translation	(804)	4,158
Gain (loss) on pension liability	(15)	15
Comprehensive income (loss)	$ (11,134)	$ 687

FET Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 48,488	$ 46,165
Accounts receivable—trade, net of allowances of $9,983 and $10,850	161,978	146,747
Inventories, net	303,003	299,639
Prepaid expenses and other current assets	20,893	21,887
Costs and estimated profits in excess of billings	10,488	13,365
Accrued revenue	1,935	1,801
Total current assets	546,785	529,604
Property and equipment, net of accumulated depreciation	87,660	61,401
Operating lease assets	54,818	55,399
Deferred financing costs, net	2,585	1,159
Intangible assets, net	261,405	167,970
Goodwill	63,202	0
Deferred income taxes, net	130	368
Other long-term assets	4,804	5,160
Total assets	1,021,389	821,061
Current liabilities
Current portion of long-term debt	5,150	1,186
Accounts payable—trade	108,254	125,918
Accrued liabilities	64,937	62,463
Deferred revenue	10,276	10,551
Billings in excess of costs and profits recognized	4,480	4,221
Total current liabilities	193,097	204,339
Long-term debt, net of current portion	282,302	129,567
Deferred income taxes, net	28,183	940
Operating lease liabilities	59,898	61,450
Other long-term liabilities	11,707	12,132
Total liabilities	575,187	408,428
Commitments and contingencies
Equity
Common stock, $0.01 par value, 14,800,000 shares authorized, 12,992,570 and 10,901,878 shares issued	130	109
Additional paid-in capital	1,413,970	1,369,288
Treasury stock at cost, 708,900 and 708,900 shares	(142,057)	(142,057)
Retained deficit	(709,786)	(699,471)
Accumulated other comprehensive loss	(116,055)	(115,236)
Total equity	446,202	412,633
Total liabilities and equity	$ 1,021,389	$ 821,061

About Forum Energy Technologies Inc

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 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 protection products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and complementary subsea technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping, hydraulic fracturing and flowback services markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe. 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. The company was incorporated in 2005 and is headquartered in Houston, Texas.

CEO	Mr. Neal A. Lux
WEBSITE	f-e-t.com
INDUSTRY	Oil - Services
EMPLOYEES	1500

Forum Energy Technologies Inc Frequently Asked Questions

What is the ticker symbol for Forum Energy Technologies Inc? What does FET stand for in stocks?

FET is the stock ticker symbol of Forum Energy Technologies Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Forum Energy Technologies Inc (FET)?

As of Fri May 17 2024, market cap of Forum Energy Technologies Inc is 228.48 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FET stock?

You can check FET's fair value in chart for subscribers.

What is the fair value of FET stock?

You can check FET's fair value in chart for subscribers. The fair value of Forum Energy Technologies Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Forum Energy Technologies Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FET so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Forum Energy Technologies Inc a good stock to buy?

The fair value guage provides a quick view whether FET is over valued or under valued. Whether Forum Energy Technologies Inc is cheap or expensive depends on the assumptions which impact Forum Energy Technologies Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FET.

What is Forum Energy Technologies Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, FET's PE ratio (Price to Earnings) is -8.89 and Price to Sales (PS) ratio is 0.3. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FET PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Forum Energy Technologies Inc's stock?

In the past 10 years, Forum Energy Technologies Inc has provided -0.299 (multiply by 100 for percentage) rate of return.