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FET

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

19.48USD+0.61 (+3.23%)Delayed as of 28 Mar 2024, 11:44 am ET

Market Summary

FET
USD19.48+0.61
Delayedas of 28 Mar 2024, 11:44 am
3.23%

FET Alerts

  • 4 major insider sales recently.

FET Stock Price

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FET RSI Chart

FET Valuation

Market Cap

231.8M

Price/Earnings (Trailing)

-12.28

Price/Sales (Trailing)

0.31

EV/EBITDA

105.21

Price/Free Cashflow

969.84

FET Price/Sales (Trailing)

FET Profitability

EBT Margin

-1.06%

Return on Equity

-4.57%

Return on Assets

-2.3%

Free Cashflow Yield

0.1%

FET Fundamentals

FET Revenue

Revenue (TTM)

738.9M

Rev. Growth (Yr)

-2.86%

Rev. Growth (Qtr)

3.32%

FET Earnings

Earnings (TTM)

-18.9M

Earnings Growth (Yr)

-30.79%

Earnings Growth (Qtr)

-310.57%

Breaking Down FET Revenue

52 Week Range

19.50
(Low)(High)

Last 7 days

4.0%

Last 30 days

-5.7%

Last 90 days

-19.0%

Trailing 12 Months

-17.9%

How does FET drawdown profile look like?

FET Financial Health

Current Ratio

2.59

Debt/Equity

0.31

Debt/Cashflow

0.06

FET Investor Care

Shares Dilution (1Y)

19.28%

Diluted EPS (TTM)

-1.85

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023733.7M746.9M744.3M738.9M
2022581.7M616.6M657.4M699.9M
2021444.4M468.5M505.9M541.1M
2020867.3M735.0M599.3M512.5M
20191.1B1.1B1.0B956.5M
2018897.8M970.6M1.0B1.1B
2017599.3M657.7M718.1M818.6M
2016885.0M743.3M636.6M587.6M
20151.7B1.5B1.3B1.1B
20141.6B1.6B1.7B1.7B
20131.4B1.4B1.5B1.5B
20121.3B1.4B1.4B1.4B
2011842.5M937.7M1.0B1.1B
2010000747.3M

Tracking the Latest Insider Buys and Sells of Forum Energy Technologies Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold FET recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Mar 22, 2024
PNC Financial Services Group, Inc.
sold off
-100
-11,626
-
-%
Mar 11, 2024
VANGUARD GROUP INC
added
0.61
-911,605
11,852,800
-%
Mar 01, 2024
GOLDMAN SACHS GROUP INC
new
-
679,866
679,866
-%
Feb 28, 2024
AMERICAN INTERNATIONAL GROUP, INC.
reduced
-0.41
-9,372
106,549
-%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
0.91
-16,000
224,000
-%
Feb 16, 2024
GSA CAPITAL PARTNERS LLP
sold off
-100
-953,000
-
-%
Feb 15, 2024
BARCLAYS PLC
added
180
267,000
435,000
-%
Feb 15, 2024
Employees Retirement System of Texas
unchanged
-
-818,000
9,794,000
0.12%
Feb 15, 2024
Legal & General Group Plc
reduced
-22.09
-6,200
15,874
-%
Feb 14, 2024
TWO SIGMA ADVISERS, LP
reduced
-19.23
-251,151
735,711
-%

1–10 of 37

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
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
Mar 08, 2024
4
Insider Trading
Mar 08, 2024
4
Insider Trading
Mar 08, 2024
4
Insider Trading
Mar 08, 2024
4
Insider Trading

What is the Fair Value of FET?

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Cheap
or
Expensive?


Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224


Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index
Very Expensive Stocks
Very Cheap Stocks

Peers (Alternatives to Forum Energy Technologies Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
78.3B
33.1B
11.16% 3.67%
18.64
2.36
17.96% 22.15%
34.6B
23.0B
8.72% 28.18%
13.08
1.5
13.41% 67.65%
MID-CAP
11.0B
7.8B
28.19% 68.84%
195.09
1.4
16.77% 152.43%
7.6B
8.6B
10.98% -8.12%
7.61
0.88
18.60% 536.86%
6.8B
3.8B
13.72% 36.08%
21.54
1.8
-1.25% 100.96%
3.5B
4.7B
-2.84% 61.93%
6.28
0.74
14.43% 39.22%
3.0B
990.3M
11.53% 82.28%
28.79
3.05
17.12% 137.04%
SMALL-CAP
1.6B
2.3B
22.90% 24.72%
6.54
0.7
8.66% 93.36%
784.6M
424.1M
16.13% -18.92%
1.3K
1.85
17.17% 137.19%
681.3M
-
13.97% -28.49%
28.73
1.36
- -
374.6M
719.2M
2.75% -22.88%
14.26
0.52
9.95% 114.41%
323.5M
386.1M
16.67% 59.29%
-34.12
0.84
9.26% 57.09%

Forum Energy Technologies Inc News

Latest updates
Defense World • 10 hours ago
MarketBeat • 29 Feb 2024 • 08:00 am

Forum Energy Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue3.3%185,205,000179,253,000185,449,000188,957,000190,658,000181,835,000172,246,000155,174,000148,147,000140,984,000137,420,000114,517,000112,963,000103,606,000113,275,000182,632,000199,777,000239,266,000245,648,000271,842,000272,948,000
Gross Profit-2.5%49,723,00051,022,00051,306,00052,102,00049,971,00051,363,00048,573,00038,619,00030,087,00034,865,00032,204,00026,185,000-59,123,00013,110,00012,902,00022,090,00048,932,00062,634,00063,188,00070,098,00041,875,000
Operating Expenses5.7%47,936,00045,351,00044,899,00045,251,00040,623,00043,661,00042,589,00044,327,00043,204,00042,241,00041,824,00040,565,00045,024,00050,157,00047,924,00077,497,00056,752,000595,954,00063,022,00064,952,000422,995,000
  S&GA Expenses-1.0%45,025,00045,496,00044,357,00045,511,00047,956,00043,713,00043,497,00044,305,00042,894,00042,334,00042,184,00041,474,00043,165,00045,989,00048,362,00060,161,00056,416,00063,471,00062,881,00068,968,00071,611,000
EBITDA Margin-89.3%0.000.040.080.110.100.100.060.01-0.02-0.04-0.06-0.03---------
Income Taxes230.0%4,873,5001,477,0001,900,0002,800,0001,702,5001,400,0001,716,0001,853,000-3,080,500800,0001,189,0001,700,000876,0001,017,000-424,000-14,400,000-8,563,000-3,371,0008,393,0001,727,000-3,308,000
Earnings Before Taxes-225.7%-11,872,0009,446,000-4,718,000-670,000-11,132,00017,847,00010,980,000-7,346,000-22,709,000-10,738,000-20,617,000-27,945,000-31,824,000-20,534,000-5,918,000-51,494,000-21,011,000-536,358,000-5,341,000-6,161,000-387,051,000
EBT Margin-11.3%-0.01-0.010.000.020.010.00-0.05-0.11-0.15-0.18-0.22-0.19---------
Net Income-310.6%-16,780,0007,969,000-6,579,000-3,486,000-12,830,00016,477,0009,264,000-9,199,000-19,595,000-11,587,000-21,806,000-29,663,000-32,700,000-21,551,000-5,494,000-37,144,000-12,448,000-532,987,000-13,734,000-7,888,000-383,743,000
Net Income Margin-27.4%-0.03-0.02-0.010.010.010.00-0.05-0.11-0.15-0.19-0.23-0.20---------
Free Cashflow-62.9%8,813,00023,726,000-8,089,000-24,211,00012,365,00017,218,000-28,394,000-25,735,000-9,075,000-10,751,0003,379,000-1,727,000---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-0.9%8218298448508357908077917918008048448909241,0671,1451,1601,1991,8221,8501,830
  Current Assets-0.3%530531538537513478485456447449427456490505630696666693728743766
    Cash Equivalents24.3%46.0037.0025.0047.0051.0020.0027.0021.0047.0050.0060.0010112920.0011010958.0029.0037.0030.0047.00
  Inventory-0.9%300302302288270271271264242234228236252365378393415443469472479
  Net PPE------86.0089.0091.0094.0096.00105109114120131136155160172173177
  Goodwill-------------------471471470
Liabilities-0.8%408412424433528488499476462454442462484497626703674714802819800
  Current Liabilities-1.9%204208210204210197184192176166151134125137148185197224224234237
  Long Term Debt-100.0%-129138152239248269234232231232267293290412445399400478488518
    LT Debt, Current10.2%1.001.001.001.001.001.001.001.001.001.001.001.001.00--------
    LT Debt, Non Current0.8%130129138152239248269234232231232267293--------
Shareholder's Equity-1.1%4134174194173073033083153293463623824064274414424864851,0201,0311,215
  Retained Earnings-2.5%-699-682-690-684-680-667-684-693-684-664-653-631-601-568-547-541-503-49042.0056.0064.00
  Additional Paid-In Capital0.1%1,3691,3681,3671,3661,2541,2531,2531,2521,2501,2481,2461,2441,2431,2401,2381,2351,2321,2281,2231,2191,215
Shares Outstanding-100.0%-10.0010.0010.006.006.006.006.006.006.006.006.00---------
Float-------91.00---105---44.00---281--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-57.4%11,26026,414-6,363-23,12815,07818,427-25,684-24,875-7,675-10,4563,694-1,3382,1823,778-3,6441,56728,49334,86722,89717,88726,753
  Share Based Compensation-1.7%1,2261,2471,2578416687656212,1511,9031,8811,9141,8962,0581,9662,5373,2233,9233,6614,3523,9102,754
Cashflow From Investing1.5%-2,417-2,453-884-81929,731-1,145-705-7426,1544,425-9911,110106,2312,221719-92193736,044-5,293-3,553-56,745
Cashflow From Financing93.9%-676-11,029-15,23419,357-14,244-23,47433,241-599-1,685-3,777-43,323-27,458-284-95,8613,27651,104-808-79,263-10,084-32,03650,737
  Buy Backs-100.0%-626-5,3703,0004651.003601,0652082.0013913.001.002.0017944.0013.0064.00973278

FET Income Statement

2023-12-31
Consolidated statements of comprehensive income (loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]  
Revenue$ 738,864$ 699,913
Cost of sales534,711511,387
Gross profit204,153188,526
Operating expenses  
Selling, general and administrative expenses180,389179,471
Transaction expenses2,8920
Gain on sale-leaseback transactions0(7,000)
Loss (gain) on disposal of assets and other156(1,271)
Total operating expenses183,437171,200
Operating income20,71617,326
Other expense (income)  
Interest expense18,29731,525
Foreign exchange losses (gains) and other, net10,233(24,548)
Total other expense, net28,5306,977
Income (loss) before income taxes(7,814)10,349
Income tax expense11,0626,637
Net income (loss)$ (18,876)$ 3,712
Weighted average shares outstanding  
Basic (in shares)10,2125,747
Diluted (in shares)10,2125,951
Earnings (loss) per share  
Basic (in dollars per share)$ (1.85)$ 0.65
Diluted (in dollars per share)$ (1.85)$ 0.62
Other comprehensive income (loss), net of tax of $0:  
Net income (loss)$ (18,876)$ 3,712
Change in foreign currency translation12,757(28,713)
Gain (loss) on pension liability(508)2,256
Comprehensive loss$ (6,627)$ (22,745)

FET Balance Sheet

2023-12-31
Consolidated balance sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 46,165$ 51,029
Accounts receivable—trade, net of allowances of $10,850 and $10,690146,747154,247
Inventories, net299,639269,828
Prepaid expenses and other current assets21,88721,957
Costs and estimated profits in excess of billings13,36515,139
Accrued revenue1,801665
Total current assets529,604512,865
Property and equipment, net of accumulated depreciation61,40162,963
Operating lease assets55,39957,270
Deferred financing costs, net1,1591,166
Intangible assets, net167,970191,481
Deferred tax assets, net368184
Other long-term assets5,1608,828
Total assets821,061834,757
Current liabilities  
Current portion of long-term debt1,186782
Accounts payable—trade125,918118,261
Accrued liabilities62,46376,544
Deferred revenue10,55114,401
Billings in excess of costs and profits recognized4,221305
Total current liabilities204,339210,293
Long-term debt, net of current portion129,567239,128
Deferred tax liabilities, net940902
Operating lease liabilities61,45064,626
Other long-term liabilities12,13212,773
Total liabilities408,428527,722
Commitments and contingencies
Equity  
Common stock, $0.01 par value, 14,800,000 shares authorized, 10,901,878 and 6,223,454 shares issued10962
Additional paid-in capital1,369,2881,253,613
Treasury stock at cost, 708,900 and 570,247 shares(142,057)(138,560)
Retained deficit(699,471)(680,595)
Accumulated other comprehensive loss(115,236)(127,485)
Total equity412,633307,035
Total liabilities and equity$ 821,061$ 834,757
FET
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
 WEBSITEwww.f-e-t.com
 EMPLOYEES1500

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 Wed Mar 27 2024, market cap of Forum Energy Technologies Inc is 231.79 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 Wed Mar 27 2024, FET's PE ratio (Price to Earnings) is -12.28 and Price to Sales (PS) ratio is 0.31. 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 -0.291 (multiply by 100 for percentage) rate of return.