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FET

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

17.26USD+0.11 (+0.64%)Market Closed

Market Summary

FET
USD17.26+0.11
Market Closed
0.64%

FET Stock Price

View Fullscreen

FET RSI Chart

FET Valuation

Market Cap

212.0M

Price/Earnings (Trailing)

-8.25

Price/Sales (Trailing)

0.28

EV/EBITDA

11.32

Price/Free Cashflow

7.98

FET Price/Sales (Trailing)

FET Profitability

EBT Margin

-1.85%

Return on Equity

-5.76%

Return on Assets

-2.52%

Free Cashflow Yield

12.53%

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

0.1%

Last 30 days

-5.3%

Last 90 days

-5.2%

Trailing 12 Months

-31.5%

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
YearQ1Q2Q3Q4
2024752.3M000
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
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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
Jun 11, 2024
EverSource Wealth Advisors, LLC
unchanged
-
-3,196
16,934
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-38.91
-15,851
19,421
-%
May 16, 2024
JANE STREET GROUP, LLC
new
-
221,718
221,718
-%
May 15, 2024
Tower Research Capital LLC (TRC)
added
308
38,868
53,346
-%
May 15, 2024
BARCLAYS PLC
reduced
-15.61
-105,000
330,000
-%
May 15, 2024
BANK OF AMERICA CORP /DE/
reduced
-4.31
-116,664
731,029
-%
May 15, 2024
PICKERING ENERGY PARTNERS LP
added
52.31
104,016
383,136
3.94%
May 15, 2024
Icon Wealth Advisors, LLC
unchanged
-
-200,950
1,833,320
0.17%
May 15, 2024
Keyframe Capital Partners, L.P.
unchanged
-
-1,633,840
14,906,000
18.49%
May 15, 2024
PenderFund Capital Management Ltd.
unchanged
-
-460,459
5,389,020
1.43%

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
Jun 11, 2024
8-K
Current Report
Jun 11, 2024
S-3/A
S-3/A
May 30, 2024
S-8
Employee Benefits Plan
May 22, 2024
SD
SD
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

Peers (Alternatives to Forum Energy Technologies Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
61.4B
3.8B
-11.01% -10.25%
14.17
16.17
-86.47% 12.21%
29.1B
23.1B
-11.91% 0.61%
11.22
1.26
6.71% 32.21%
10.5B
8.1B
-8.69% 64.92%
49.11
1.28
18.75% 572.06%
MID-CAP
6.9B
8.8B
-7.16% 10.41%
7.01
0.79
14.70% 198.19%
5.7B
3.7B
-11.39% 6.75%
15.79
1.54
-4.02% 100.20%
3.4B
4.6B
-10.96% 46.02%
7.19
0.75
-1.29% -16.22%
2.9B
1.0B
-7.50% 82.09%
22.41
2.81
17.17% 118.50%
SMALL-CAP
1.4B
2.3B
-6.24% 30.05%
5.89
0.61
2.36% 83.72%
681.3M
-
-1.43% -20.23%
28.73
1.36
- -
604.8M
443.5M
-8.49% -26.30%
-27.88
1.36
19.98% -325.36%
344.8M
386.1M
17.68% 82.03%
-36.38
0.89
9.26% 57.09%
288.7M
701.7M
11.58% -13.68%
10.34
0.41
0.29% 69.75%

Forum Energy Technologies Inc News

Latest updates
Yahoo Finance13 Jun 202408:31 pm
Stock Traders Daily31 May 202402:12 am

Forum Energy Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue9.3%202,392,000185,205,000179,253,000185,449,000188,957,000190,658,000181,835,000172,246,000155,174,000148,147,000140,984,000137,420,000114,517,000112,963,000103,606,000113,275,000182,632,000199,777,000239,266,000245,648,000271,842,000
Gross Profit28.2%63,759,00049,723,00051,022,00051,306,00052,102,00049,971,00051,363,00048,573,00038,619,00030,087,00034,865,00032,204,00026,185,000-59,123,00013,110,00012,902,00022,090,00048,932,00062,634,00063,188,00070,098,000
Operating Expenses26.3%60,559,00047,936,00045,351,00044,899,00045,251,00040,623,00043,661,00042,589,00044,327,00043,204,00042,241,00041,824,00040,565,00045,024,00050,157,00047,924,00077,497,00056,752,000595,954,00063,022,00064,952,000
  S&GA Expenses21.4%54,666,00045,025,00045,496,00044,357,00045,511,00047,956,00043,713,00043,497,00044,305,00042,894,00042,334,00042,184,00041,474,00043,165,00045,989,00048,362,00060,161,00056,416,00063,471,00062,881,00068,968,000
EBITDA Margin-12.1%0.050.060.070.080.110.100.100.060.01-0.02-0.04-0.06---------
Income Taxes-28.2%3,528,0004,916,0001,477,0001,861,0002,800,0001,698,0001,370,0001,716,0001,853,000-3,102,500800,0001,189,0001,700,000876,0001,000,000-424,000-14,400,000-8,563,000-3,371,0008,393,0001,727,000
Earnings Before Taxes42.8%-6,787,000-11,872,0009,446,000-4,718,000-670,000-11,132,00017,847,00010,980,000-7,346,000-22,709,000-10,738,000-20,617,000-27,945,000-31,824,000-20,534,000-5,918,000-51,494,000-21,011,000-536,358,000-5,341,000-6,161,000
EBT Margin-75.1%-0.02-0.01-0.010.000.020.010.00-0.05-0.11-0.15-0.18-0.22---------
Net Income38.5%-10,315,000-16,780,0007,969,000-6,579,000-3,486,000-12,830,00016,477,0009,264,000-9,199,000-19,595,000-11,587,000-21,806,000-29,663,000-32,700,000-21,551,000-5,494,000-37,144,000-12,448,000-532,987,000-13,734,000-7,888,000
Net Income Margin-33.7%-0.03-0.03-0.02-0.010.010.010.00-0.05-0.11-0.15-0.19-0.23---------
Free Cashflow-76.0%2,113,0008,813,00023,726,000-8,089,000-24,211,00012,365,00017,218,000-28,394,000-25,735,000-9,075,000-10,751,0003,379,000---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets24.4%1,0218218298448508357908077917918008048448909241,0671,1451,1601,1991,8221,850
  Current Assets3.2%547530531538537513478485456447449427456490505630696666693728743
    Cash Equivalents5.0%48.0046.0037.0025.0047.0051.0020.0027.0021.0047.0050.0060.0010112920.0011010958.0029.0037.0030.00
  Inventory1.1%303300302302288270271271264242234228236252365378393415443469472
  Net PPE-------86.0089.0091.0094.0096.00105109114120131136155160172173
  Goodwill-63.00------------------471471
Liabilities40.8%575408412424433528488499476462454442462484497626703674714802819
  Current Liabilities-5.5%193204208210204210197184192176166151134125137148185197224224234
  Long Term Debt117.9%282130129138152239248269234232231232267293290412445399400478488
    LT Debt, Current334.2%5.001.001.001.001.001.001.001.001.001.001.001.001.001.00-------
    LT Debt, Non Current117.9%282130129138152239248269234232231232267293-------
Shareholder's Equity8.1%4464134174194173073033083153293463623824064274414424864851,0201,031
  Retained Earnings-1.5%-709-699-682-690-684-680-667-684-693-684-664-653-631-601-568-547-541-503-49042.0056.00
  Additional Paid-In Capital3.3%1,4141,3691,3681,3671,3661,2541,2531,2531,2521,2501,2481,2461,2441,2431,2401,2381,2351,2321,2281,2231,219
Shares Outstanding19.5%12.0010.0010.0010.0010.006.006.006.006.006.006.006.00---------
Float----246---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/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-55.4%5,02311,26026,414-6,363-23,12815,07818,427-25,684-24,875-7,675-10,4563,694-1,3382,1823,778-3,6441,56728,49334,86722,89717,887
  Share Based Compensation28.3%1,5731,2261,2471,2578416687656212,1511,9031,8811,9141,8962,0581,9662,5373,2233,9233,6614,3523,910
Cashflow From Investing-6222.7%-152,819-2,417-2,453-884-81929,731-1,145-705-7426,1544,425-9911,110106,2312,221719-92193736,044-5,293-3,553
Cashflow From Financing22561.7%151,841-676-11,029-15,23419,357-14,244-23,47433,241-599-1,685-3,777-43,323-27,458-284-95,8613,27651,104-808-79,263-10,084-32,036
  Buy Backs---6261,8733,4973,0004651.003601,0652082.0013913.001.002.0017944.0013.0064.00973
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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 sales138,633136,855
Gross profit63,75952,102
Operating expenses  
Selling, general and administrative expenses54,66645,511
Transaction expenses5,9210
Gain on disposal of assets and other(28)(260)
Total operating expenses60,55945,251
Operating income3,2006,851
Other expense  
Interest expense8,7604,549
Foreign exchange and other losses, net1,2272,972
Total other expense9,9877,521
Loss before income taxes(6,787)(670)
Income tax expense3,5282,816
Net loss$ (10,315)$ (3,486)
Weighted average shares outstanding  
Basic (in shares)12,20110,179
Diluted (in shares)12,20110,179
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 $10,850161,978146,747
Inventories, net303,003299,639
Prepaid expenses and other current assets20,89321,887
Costs and estimated profits in excess of billings10,48813,365
Accrued revenue1,9351,801
Total current assets546,785529,604
Property and equipment, net of accumulated depreciation87,66061,401
Operating lease assets54,81855,399
Deferred financing costs, net2,5851,159
Intangible assets, net261,405167,970
Goodwill63,2020
Deferred income taxes, net130368
Other long-term assets4,8045,160
Total assets1,021,389821,061
Current liabilities  
Current portion of long-term debt5,1501,186
Accounts payable—trade108,254125,918
Accrued liabilities64,93762,463
Deferred revenue10,27610,551
Billings in excess of costs and profits recognized4,4804,221
Total current liabilities193,097204,339
Long-term debt, net of current portion282,302129,567
Deferred income taxes, net28,183940
Operating lease liabilities59,89861,450
Other long-term liabilities11,70712,132
Total liabilities575,187408,428
Commitments and contingencies
Equity  
Common stock, $0.01 par value, 14,800,000 shares authorized, 12,992,570 and 10,901,878 shares issued130109
Additional paid-in capital1,413,9701,369,288
Treasury stock at cost, 708,900 and 708,900 shares(142,057)(142,057)
Retained deficit(709,786)(699,471)
Accumulated other comprehensive loss(116,055)(115,236)
Total equity446,202412,633
Total liabilities and equity$ 1,021,389$ 821,061
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
 WEBSITEf-e-t.com
 INDUSTRYOil - Services
 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 Fri Jun 14 2024, market cap of Forum Energy Technologies Inc is 212.02 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 Jun 14 2024, FET's PE ratio (Price to Earnings) is -8.25 and Price to Sales (PS) ratio is 0.28. 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 -0.308 (multiply by 100 for percentage) rate of return.