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Forum Energy Technologies, Inc. (FET)

Stock Price: $21.36 USD 0.15 (0.71%)
Updated May 14, 2021 4:00 PM EDT - Market closed
Market Cap 118.78M
Revenue (ttm) 444.36M
Net Income (ttm) -89.41M
Shares Out 5.61M
EPS (ttm) -17.37
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a
Trading Day May 14
Last Price $21.36
Previous Close $21.21
Change ($) 0.15
Change (%) 0.71%
Day's Open 21.53
Day's Range 21.31 - 22.16
Day's Volume 33,860
52-Week Range 5.60 - 24.93

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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...

1 week ago - Business Wire

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.

2 weeks ago - Zacks Investment Research

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...

4 weeks ago - Business Wire

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.

Other stocks mentioned: CVX, PXD, XOM
1 month ago - Zacks Investment Research

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...

1 month ago - Zacks Investment Research

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 ...

2 months ago - Business Wire

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...

3 months ago - Business Wire

Forum (FET) sells its ABZ and Quadrant-related assets to Anvil and Smith-Cooper to significantly improve its liquidity and financial flexibility.

4 months ago - Zacks Investment Research

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...

4 months ago - Business Wire

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, ...

Other stocks mentioned: CSU
4 months ago - GuruFocus

Forum Energy Technologies, Inc. (FET) CEO Christopher Gaut on Q3 2020 Results - Earnings Call Transcript

6 months ago - Seeking Alpha

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 ...

6 months ago - Business Wire

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.

6 months ago - Zacks Investment Research

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 ...

6 months ago - Business Wire

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...

7 months ago - Business Wire

Forum Energy Technologies, Inc. (FET) CEO Cris Gaut on Q2 2020 Results - Earnings Call Transcript

9 months ago - Seeking Alpha

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2020 revenue of $113 million, a decrease of $69 million from the first quarter 2020.

9 months ago - Business Wire

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host a conference call to discuss its recently announced successful debt exchange and its second quarte...

9 months ago - Business Wire

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today the expiration and results of its previously announced offer to exchange its existing not...

9 months ago - Business Wire

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced that as of the preliminary tender deadline, which was 5:00 p.m.

9 months ago - Business Wire

Investors need to pay close attention to Forum Energy (FET) stock based on the movements in the options market lately.

9 months ago - Zacks Investment Research

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced that revenue for the second quarter 2020 is now projected to be in the range of $110 to $...

10 months ago - Business Wire

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today provided the following update on the status of its business: During the first half of 2020, the COV...

10 months ago - Business Wire

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced it has commenced an offer to exchange its existing notes for new 9.00% convertible secure...

10 months ago - Business Wire

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”) announced today that, as part of its continuing cost reduction plan, the corporate executive team will be reduced an...

10 months ago - Business Wire

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.

1 year ago - Zacks Investment Research

Plummeting oil prices and uncertainty around the oil market in the midst of a price war between two big producing nations led Bank of America to downgrade nearly every stock in the sector that it didn't...

Other stocks mentioned: APY, CLB, HAL, HLX, HP, NBR, NEX ...
1 year ago - Benzinga

Forum Energy Technologies, Inc. (FET) CEO Cris Gaut on Q4 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Forum Energy (FET) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

Forum Energy Technologies has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

1 year ago - Zacks Investment Research

Forum Energy Technologies: International Operations Can Provide The Relief

1 year ago - Seeking Alpha

Forum Energy Technologies' (FET) CEO Cris Gaut on Q3 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

With the sale of its 40% stake in Ashtead Technology, Forum Energy (FET) will receive $39 million of cash proceeds alongside an $8.5-million loan with a three-year maturity period.

1 year ago - Zacks Investment Research

Forum Energy Technologies' (FET) CEO Cris Gaut on Q2 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

Forum Energy (FET) delivered earnings and revenue surprises of -60.00% and -4.85%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Transition to a more disciplined capital spending approach within the exploration and production space is expected to weigh on Forum Energy's (FET) Q2 results.

1 year ago - Zacks Investment Research

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

1 year ago - Zacks Investment Research

Forum Energy Technologies, Inc. (FET) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

1 year ago - Zacks Investment Research

Forum Energy Technologies (FET) closed the most recent trading day at $3.83, moving +0.26% from the previous trading session.

1 year ago - Zacks Investment Research

Industry watchers think Morgan Stanley's views on U.S. shale are highly optimistic and dependent on multiple caveats.

Other stocks mentioned: APA, CLMT, ICD, OMP, TALO
1 year ago - Zacks Investment Research

Forum Energy Technologies' (FET) CEO Cris Gaut on Q1 2019 Results - Earnings Call Transcript

2 years ago - Seeking Alpha

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.

2 years ago - Zacks Investment Research

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... [Read more...]

Industry
Oil & Gas Equipment & Services
IPO Date
Apr 12, 2012
CEO
C. Christopher Gaut
Employees
1,400
Stock Exchange
NYSE
Ticker Symbol
FET
Full Company Profile

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 Statements

Analyst Forecasts

According to 2 analysts, the average rating for FET stock is "Sell." The 12-month stock price forecast is 20.00, which is a decrease of -6.37% from the latest price.

Price Target
$20.00
(-6.37% downside)
Analyst Consensus: Sell