Forum Energy Technologies, Inc. (FET)

NYSE: FET · IEX Real-Time Price · USD
25.42
+0.24 (0.95%)
Aug 11, 2022 4:00 PM EDT - Market closed
0.95%
Market Cap 145.43M
Revenue (ttm) 616.55M
Net Income (ttm) -31.12M
Shares Out 5.72M
EPS (ttm) -11.00
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 43,050
Open 25.19
Previous Close 25.18
Day's Range 23.99 - 25.42
52-Week Range 14.71 - 26.20
Beta 3.22
Analysts Sell
Price Target 30.60 (+20.4%)
Earnings Date Aug 5, 2022

About 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, de... [Read more...]

Industry Energy 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 2021, FET's revenue was $541.07 million, an increase of 5.58% compared to the previous year's $512.48 million. Losses were -$82.65 million, -14.70% less than in 2020.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for FET stock is "Sell." The 12-month stock price forecast is 30.6, which is an increase of 20.38% from the latest price.

Price Target
$30.6
(20.38% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Forum Energy Technologies Announces Second Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2022 revenue of $172 million, an increase of $17 million from the first quarter 2022. Net income for ...

Forum Energy Technologies Announces Timing of Second Quarter 2022 Earnings Release and Conference Call

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2022 earnings conference call at 10:00 AM CDT on Friday, August 5, 2022. Forum ...

Forum Energy Technologies Announces First Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2022 revenue of $155 million, an increase of $7 million from the fourth quarter 2021. Net loss for the...

My Top Energy Pick for April 2022

If you want to invest in oil, you need to find hidden assets that other energy investors have somehow missed. The post My Top Energy Pick for April 2022 appeared first on InvestorPlace.

Other symbols: MMLPNINEPBFSMLP

Forum Energy Technologies Announces Timing of First Quarter 2022 Earnings Release and Conference Call

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2022 earnings conference call at 10:00 AM CDT on Friday, May 6, 2022. Forum will...

Forum Energy Technologies Announces Full Year and Fourth Quarter 2021 Results

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2021 revenue of $148 million, an increase of $7 million from the third quarter 2021. Orders received ...

Forum Energy Technologies Provides Fourth Quarter 2021 Operational Update and Announces Timing of Earnings Conference...

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that fourth quarter 2021 operating results are expected to be below previously provided guidance levels. Results in ...

Forum Energy Technologies Announces CEO Succession

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that as part of the company's executive management succession planning process, its Board of Directors appointed Mr....

Forum Energy Technologies (FET) Reports Q3 Loss, Lags Revenue Estimates

Forum Energy (FET) delivered earnings and revenue surprises of -69.17% and -6.00%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Forum Energy Technologies Announces Third Quarter 2021 Results

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2021 revenue of $141 million, an increase of $4 million from the second quarter 2021. Net loss for the...

Forum Energy Technologies Announces Appointment of Paul E. Rowsey III to Its Board of Directors

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Mr. Paul E. Rowsey III to its Board of Directors. Mr. Rowsey will also serve as a member of the C...

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 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 ...

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...

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 ...