Forum Energy Technologies, Inc. (FET)
| Market Cap | 136.02M |
| Revenue (ttm) | 468.51M |
| Net Income (ttm) | -105.72M |
| Shares Out | 5.64M |
| EPS (ttm) | -18.86 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 6,046 |
| Open | 24.54 |
| Previous Close | 24.60 |
| Day's Range | 23.85 - 24.60 |
| 52-Week Range | 6.80 - 28.50 |
| Beta | 4.08 |
| Analysts | Sell |
| Price Target | 30.00 (+25.8%) |
| Est. Earnings Date | Nov 4, 2021 |
About FET
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 provides related services to the drilling, downhole, and subsea markets, as well as other markets, such as alternative energy, defense, and communications. This segment offers drilling technologies consisting of cap...
Financial Performance
In 2020, FET's revenue was $512.48 million, a decrease of -46.42% compared to the previous year's $956.53 million. Losses were -$96.89 million, -82.91% less than in 2019.
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for FET stock is "Sell." The 12-month stock price forecast is 30.00, which is an increase of 25.79% from the latest price.
News
Forum Energy Technologies Announces Timing of Third Quarter 2021 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2021 earnings conference call at 10:00 AM CDT on Friday, November 5, 2021. Forum...
Forum Energy (FET) Moves 6.4% Higher: Will This Strength Last?
Forum Energy (FET) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in ...
FET Extends $179 Million Bank Credit Facility to September 2026
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has entered into an amendment to its asset-based revolving credit facility (the “Credit Facility”). The key ...
Forum Energy Technologies (FET) Reports Q2 Loss, Tops Revenue Estimates
Forum Energy (FET) delivered earnings and revenue surprises of -52.00% and 5.69%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
Forum Energy Technologies Announces Second Quarter 2021 Results
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2021 revenue of $137 million, an increase of $23 million from the first quarter 2021. Net loss for th...
Forum Energy Technologies (FET) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Forum Energy (FET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Forum Energy Technologies Announces Timing of Second Quarter 2021 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2021 earnings conference call at 10:00 AM CDT on Friday, August 6, 2021. Forum ...
Forum Energy Technologies Announces Appointment of Dr. Emily Reichert, Ph.D., CEO of Greentown Labs, to Its Board of ...
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Dr. Emily Reichert, Ph.D. to its Board of Directors. Dr. Reichert will also serve as a member of ...
New Strong Sell Stocks for June 7th
AL, FET, INO, SWKH, and WPG have been added to the Zacks Rank #5 (Strong Sell) List on June 7, 2021.
Forum Energy Technologies Announces First Quarter 2021 Results
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2021 revenue of $115 million, an increase of $2 million from the fourth quarter 2020. Net loss for the...
Will Forum Energy Technologies (FET) Report Negative Earnings Next Week? What You Should Know
Forum Energy (FET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Forum Energy Technologies Announces Timing of First Quarter 2021 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2021 earnings conference call at 10:00 AM CDT on Friday, May 7, 2021. Forum will...
Forum Energy, Deepsea Technologies Team Up for Tech Support
Forum Energy (FET) enters a partnership agreement with Deepsea Technologies to represent its Brazil-based operations, and receive business development and engineering support in the country.
Forum Energy (FET) Surges 7.4%: Is This an Indication of Further Gains?
Forum Energy (FET) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase i...
Forum Energy Technologies Announces Fourth Quarter 2020 Results
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2020 revenue of $113 million, an increase of $9 million from the third quarter 2020. Orders received ...
Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2020 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2020 earnings conference call at 10:00 AM CST on Wednesday, Febru...
Forum (FET) Completes $105M Asset Sale to Anvil and Smith-Cooper
Forum (FET) sells its ABZ and Quadrant-related assets to Anvil and Smith-Cooper to significantly improve its liquidity and financial flexibility.
Forum Energy Technologies Divests ABZ and Quadrant Valve Brands
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that on December 31, 2020 it completed the sale of assets associated with its ABZ and Quadrant valve brands to Anvil...
2 Underperforming Holdings to Reduce
Unfortunately for the shareholders of Capital Senior Living Corp. (NYSE:CSU) and Forum Energy Technologies Inc. (NYSE:FET), these two stocks have experienced heavy losses over the past couple of years, ...
Forum Energy Technologies, Inc. (FET) CEO Christopher Gaut on Q3 2020 Results - Earnings Call Transcript
Forum Energy Technologies, Inc. (FET) CEO Christopher Gaut on Q3 2020 Results - Earnings Call Transcript
Forum Energy Technologies Announces Third Quarter 2020 Results
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2020 revenue of $104 million, a decrease of $10 million from the second quarter 2020. Orders received ...
Analysts Estimate Forum Energy Technologies (FET) to Report a Decline in Earnings: What to Look Out for
Forum Energy (FET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Forum Energy Technologies, Inc. Announces Reverse Stock Split
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today that its Board of Directors has approved a 1-for-20 reverse stock split of the Company's ...
Forum Energy Technologies Announces Timing of Third Quarter 2020 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2020 earnings at 9:00 AM CDT on Friday, November 6, 2020. Forum will issue a pre...
Forum Energy Technologies, Inc. (FET) CEO Cris Gaut on Q2 2020 Results - Earnings Call Transcript
Forum Energy Technologies, Inc. (FET) CEO Cris Gaut on Q2 2020 Results - Earnings Call Transcript