FET Stock Overview
Designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
My Notes
Capture your thoughts, links and company narrative
Forum Energy Technologies, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$14.99 |
| 52 Week High | US$23.35 |
| 52 Week Low | US$12.83 |
| Beta | 2.43 |
| 1 Month Change | -1.70% |
| 3 Month Change | -7.92% |
| 1 Year Change | -34.68% |
| 3 Year Change | -7.24% |
| 5 Year Change | -55.39% |
| Change since IPO | -96.55% |
Recent News & Updates
Recent updates
Here's Why Forum Energy Technologies (NYSE:FET) Has A Meaningful Debt Burden
Jul 17
Forum Energy Technologies: Valuation Concerns Before The Potential Recovery
May 15Forum Energy Technologies: Recent Acquisition Can Change Its Trajectory Despite The Challenges
Dec 05Forum Energy Technologies (NYSE:FET) Takes On Some Risk With Its Use Of Debt
Nov 07Forum Energy Strives To Bounce Back From The Current Headwinds (Rating Downgrade)
Sep 21These 4 Measures Indicate That Forum Energy Technologies (NYSE:FET) Is Using Debt Extensively
Jun 24Forum Energy Shares Encouraging Scenarios
Jun 06Forum Energy Technologies' (NYSE:FET) Solid Profits Have Weak Fundamentals
Mar 02Forum Energy Non-GAAP EPS of -$0.45, revenue of $191M; issues FY23 EBITDA guidance
Feb 21Forum Energy Technologies to convert notes due 2025 into shares
Dec 29Forum Energy GAAP EPS of $1.82, revenue of $181.8M
Nov 08Does Forum Energy Technologies (NYSE:FET) Have A Healthy Balance Sheet?
Oct 27Forum Energy: Consumables Demand, Booking Growth Can Accelerate Returns
Sep 14Forum Energy reports Q2 earnings; raises FY22 guidance and issues Q3 outlook
Aug 05Forum Energy Technologies: Completions Segment Demand And International Contracts Hold It Steady
Jul 08Forum Energy Technologies: Operating Leverage
Apr 08Forum Energy Technologies: Steady Order Book Builds The Pillar
Jan 18Forum Energy Technologies Is Already On The Move
Jul 05Forum Energy EPS misses by $3.00, misses on revenue
May 06Forum Energy EPS misses by $0.01, misses on revenue
Nov 05Forum Energy announces reverse stock-split
Oct 30Shareholder Returns
| FET | US Energy Services | US Market | |
|---|---|---|---|
| 7D | 2.3% | -5.3% | -2.2% |
| 1Y | -34.7% | -13.9% | 23.9% |
Return vs Industry: FET underperformed the US Energy Services industry which returned -13.9% over the past year.
Return vs Market: FET underperformed the US Market which returned 23.9% over the past year.
Price Volatility
| FET volatility | |
|---|---|
| FET Average Weekly Movement | 5.8% |
| Energy Services Industry Average Movement | 6.6% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: FET has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: FET's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 1,600 | Neal Lux | www.f-e-t.com |
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 and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.
Forum Energy Technologies, Inc. Fundamentals Summary
| FET fundamental statistics | |
|---|---|
| Market cap | US$184.13m |
| Earnings (TTM) | -US$48.61m |
| Revenue (TTM) | US$800.61m |
0.2x
P/S Ratio-3.8x
P/E RatioIs FET overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FET income statement (TTM) | |
|---|---|
| Revenue | US$800.61m |
| Cost of Revenue | US$558.32m |
| Gross Profit | US$242.29m |
| Other Expenses | US$290.90m |
| Earnings | -US$48.61m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | -3.96 |
| Gross Margin | 30.26% |
| Net Profit Margin | -6.07% |
| Debt/Equity Ratio | 51.4% |
How did FET perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 22:14 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Forum Energy Technologies, Inc. is covered by 33 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Leben | Baird |
| J. David Anderson | Barclays |
| Chase Mulvehill | BofA Global Research |