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Forum Energy Technologies, Inc. (FET)

Stock Price: $0.550 USD -0.010 (-1.79%)
Updated Oct 20, 2020 4:00 PM EDT - Market closed
After-hours: $0.511 -0.039 (-7.09%) Oct 20, 7:34 PM

Stock Price Chart

Key Info

Market Cap 61.24M
Revenue (ttm) 734.95M
Net Income (ttm) -588.07M
Shares Out 111.34M
EPS (ttm) -5.30
PE Ratio n/a
Forward PE n/a
Dividend n/a
Dividend Yield n/a

Stock Quote

Trading Day Oct 20, 2020
Last Price $0.550
Previous Close $0.560
Change ($) -0.010
Change (%) -1.79%
Day's Open 0.545
Day's Range 0.545 - 0.575
Day's Volume 613,469
52-Week Range 0.150 - 2.010

More Stats

Market Cap 61.24M
Enterprise Value 409.41M
Earnings Date (est) Nov 6, 2020
Ex-Dividend Date n/a
Shares Outstanding 111.34M
Float 95.70M
EPS (basic) -5.32
EPS (diluted) -5.30
FCF / Share 0.48
Dividend n/a
Dividend Yield n/a
Earnings Yield n/a
FCF Yield 88.04%
Payout Ratio n/a
Shares Short 2.47M
Short Ratio 2.43
Short % of Float 2.58%
Beta 4.20
PE Ratio n/a
Forward PE n/a
P/FCF Ratio 1.14
PS Ratio 0.08
PB Ratio 0.15
Revenue 734.95M
Operating Income -631.57M
Net Income -588.07M
Free Cash Flow 53.91M
Net Cash -348.17M
Net Cash / Share -3.13
Gross Margin 33.32%
Operating Margin -85.93%
Profit Margin -80.00%
FCF Margin 7.34%
ROA -3.14%
ROE -80.49%
ROIC -54.50%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (2)

Buy 0
Overweight 0
Hold 0
Underweight 0
Sell 2

Analyst Consensus: Sell

Price Target

$0.63*
(13.64% upside)
Low
0.25
Current: $0.550
High
1.00
Target: 0.63
*Average 12-month price target from 2 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue9571,0648195881,0741,7401,5251,4151,128747
Revenue Growth-10.12%30%39.31%-45.27%-38.29%14.09%7.77%25.42%50.95%-
Gross Profit24525618999.74263559475463362214
Operating Income-536-397-143-131-12924320224116173.28
Net Income-567-374-59.40-81.98-11917413015193.3423.94
Shares Outstanding11010998.6991.2389.9192.6390.7080.1163.2753.80
Earnings Per Share-5.15-3.44-0.60-0.90-1.331.831.371.741.380.44
EPS Growth-----33.58%-21.26%26.09%213.64%-
Operating Cash Flow1042.41-40.0364.7415627021113839.2865.98
Capital Expenditures-15.10-24.04-26.71-16.83-32.29-53.79-60.26-49.69-40.26-18.95
Free Cash Flow89.04-21.64-66.7447.9112421615188.26-0.9847.03
Cash & Equivalents57.9147.2411523410976.5839.5841.0620.5520.35
Total Debt450519508397396421513421667212
Net Cash / Debt-392-471-393-162-287-345-473-380-647-192
Assets1,1601,8302,1951,8351,8862,2142,1691,8931,607818
Liabilities674800786599629818838731952355
Book Value4861,0301,4091,2351,2571,3951,3301,161654463
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Forum Energy Technologies, Inc.
Country United States
Employees 2,300
CEO Christopher C. Gaut

Stock Information

Ticker Symbol FET
Stock Exchange New York Stock Exchange
Sector Energy
Industry Oil & Gas Equipment & Services
Unique Identifier NYSE: FET
IPO Date April 12, 2012

Description

Forum Energy Technologies 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 provide related services to the drilling, downhole, and subsea markets, and other markets, such as alternative energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling; downhole technologies, such as cementing and casing tools, and protection products for artificial lift equipment and cables; and subsea technologies, including robotic vehicles and other capital equipment, specialty components and tools, complementary subsea technical services and rental items, and products used in pipeline infrastructure. The Completions segment provides products and related services to the coiled tubing, stimulation, and intervention markets. This segment offers stimulation and intervention technologies, including hydraulic fracturing pumps, pump consumables, cooling systems, flow iron, wireline cable, and pressure control equipment as well as related recertification and refurbishment services; and coiled tubing products consisting of coiled tubing strings and line pipes. The Production segment designs, manufactures, and supplies products, and provides related equipment and services to the production and infrastructure markets. This segment supplies production equipment, including well site production and process equipment; and a range of industrial and process valves. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.