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Forum Energy Technologies, Inc.

NYSE:FET Stock Report

Market Cap: US$910.5m

  • Company Overview
  • Valuation
  • Future Growth
  • Past Performance
  • Financial Health
  • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Forum Energy Technologies Dividends and Buybacks

Dividend criteria checks 0/6

Forum Energy Technologies does not have a record of paying a dividend.

Key information

n/a

Dividend yield

5.0%

Buyback Yield

Total Shareholder Yield5.0%
Future Dividend Yieldn/a
Dividend Growthn/a
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ration/a

Recent dividend and buyback updates

Recent updates

User avatar
Narrative Update • Aug 24

FET: Raised Outlook And Buybacks Will Drive Stronger Earnings Quality

Analysts now place Forum Energy Technologies' fair value at $91.00, compared with the prior $78. This change reflects updated assumptions on revenue growth, profit margins and a lower future P/E multiple in their models.
Seeking Alpha • Aug 04

Forum Energy Technologies: Management Keeps Delivering

Summary FET’s Q2 showed again that it can gain market share while improving margins, even despite the global rig count declines. They have recurring consumables, subsea exposure, and specialized equipment that diversify it beyond just a rig-cycle rebound. Saudi Arabia and UAE facilities create customer proximity, but they also add direct regional disruption risk. Still, I don’t think FET is as obviously cheap as before. But if management’s guidance materializes, I believe the valuation remains compelling today. Read the full article on Seeking Alpha
User avatar
Narrative Update • Aug 04

FET: Buybacks And Acquisition Plans Will Support Earnings Quality By 2030

Analysts have lifted their price target for Forum Energy Technologies from $67 to $78. They cited updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change.
User avatar
Narrative Update • Jun 26

FET: Share Repurchases Will Tighten Float And Support Higher Future P/E

Analysts have lifted their price target for Forum Energy Technologies to $67 from $33, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What’s in the News for Forum Energy Technologies From January 1, 2026 to April 24, 2026, Forum Energy Technologies repurchased 106,744 shares for US$5.37 million, representing 0.96% of its shares, according to company disclosures.
Analysis Article • Oct 24

Is Forum Energy Technologies (NYSE:FET) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Aug 26

Revenues Not Telling The Story For Forum Energy Technologies, Inc. (NYSE:FET) After Shares Rise 27%

Forum Energy Technologies, Inc. ( NYSE:FET ) shares have continued their recent momentum with a 27% gain in the last...
Analysis Article • Jun 18

Forum Energy Technologies, Inc. (NYSE:FET) Stock Rockets 29% But Many Are Still Ignoring The Company

Forum Energy Technologies, Inc. ( NYSE:FET ) shareholders are no doubt pleased to see that the share price has bounced...
Analysis Article • May 01

Some Forum Energy Technologies, Inc. (NYSE:FET) Shareholders Look For Exit As Shares Take 27% Pounding

Forum Energy Technologies, Inc. ( NYSE:FET ) shareholders won't be pleased to see that the share price has had a very...
Seeking Alpha • Apr 19

Oil Bulls Should Pay Close Attention To Forum Energy Technologies

Summary Forum Energy Technologies is a global manufacturer of a variety of products used in the oil, gas, industrial, and renewable energy sectors. Strong year-over-year performance can be mainly attributed to the Variperm acquisition that took place in January 2024. 2025 guidance indicates a mediocre year with declining EBITDA and FCF, but debt repayment could improve future EPS. Despite stagnant growth, FET's strong cash flow and focus on the higher margin Artificial Lift and Downhole segment makes it a value play for oil bulls. Read the full article on Seeking Alpha
Analysis Article • Mar 17

Forum Energy Technologies, Inc.'s (NYSE:FET) Shareholders Might Be Looking For Exit

With a median price-to-sales (or "P/S") ratio of close to 0.8x in the Energy Services industry in the United States...
Seeking Alpha • Jan 08

Forum Energy Technologies: A Stock Buying Back 40% Of Its Market Cap

Summary Forum Energy Technologies announced a US$75 million share buyback program, to address the issue of stock undervaluation. The share repurchase program of such a magnitude seems to be supported by the balance sheet, business fundamentals, and especially anticipated FCF in the foreseeable future. I believe the current bearish sentiment represents an opportunity for risk-tolerant, patient investors with no less than a two-year investment time horizon to consider this turnaround story. Read the full article on Seeking Alpha
Analysis Article • Jul 17

Here's Why Forum Energy Technologies (NYSE:FET) Has A Meaningful Debt Burden

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Seeking Alpha • May 15

Forum Energy Technologies: Valuation Concerns Before The Potential Recovery

Summary Forum Energy Technologies' order book in the Artificial Lift and Downhole segment grew in Q1, indicating a potential recovery in 2H 2024. Demand for FET's coiled tubing and drilling capital equipment decreased in international markets due to budget cuts by operators. FET's cash flows improved mildly in Q1, but its debt level increased aggressively after the Variperm acquisition, leading to a "sell" rating for the stock. Read the full article on Seeking Alpha
Seeking Alpha • Dec 05

Forum Energy Technologies: Recent Acquisition Can Change Its Trajectory Despite The Challenges

Summary Forum Energy's order booking accelerated in Q3, particularly in coiled tubing. Demand for products and services from pressure pumpers was low in Q3, but cash flows are expected to improve in the coming quarters. The acquisition of Variperm is expected to increase FET's scale and profitability and strengthen its artificial lift product portfolio. Read the full article on Seeking Alpha
Analysis Article • Nov 07

Forum Energy Technologies (NYSE:FET) Takes On Some Risk With Its Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Seeking Alpha • Sep 21

Forum Energy Strives To Bounce Back From The Current Headwinds (Rating Downgrade)

Summary Forum Energy's drilling and hydraulic fracturing activity is expected to decline in the US, leading to more idled fleets in 2023. However, the company's international and offshore operations will lead to strong performance in 2024. It has a steady backlog and has introduced innovative products, positioning it for improved returns in the medium term. Read the full article on Seeking Alpha
Analysis Article • Jun 24

These 4 Measures Indicate That Forum Energy Technologies (NYSE:FET) Is Using Debt Extensively

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Jun 06

Forum Energy Shares Encouraging Scenarios

Summary Forum Energy Technologies is expected to see a better time in the coming days, with the US drilling market set to pick up pace in 2H 2023. FET's strategy to diversify further in the international markets should pay dividends over the medium term, and the offshore market growth would put the company on a rapid growth path. Despite short-term concerns, such as a slowdown in order bookings in Q1, the stock is relatively undervalued versus its peers, making it a potential "buy" for investors. Read the full article on Seeking Alpha
Analysis Article • Mar 02

Forum Energy Technologies' (NYSE:FET) Solid Profits Have Weak Fundamentals

Last week's profit announcement from Forum Energy Technologies, Inc. ( NYSE:FET ) was underwhelming for investors...
Seeking Alpha • Feb 21

Forum Energy Non-GAAP EPS of -$0.45, revenue of $191M; issues FY23 EBITDA guidance

Forum Energy press release (NYSE:FET): Q4 Non-GAAP EPS of -$0.45. Revenue of $191M (+29.0% Y/Y). Orders received were $215M, with a book-to-bill ratio of 113%.  "Looking ahead, on-going global supply and demand imbalances for commodities are creating long-term opportunities for energy investment that will benefit FET. Given the industry’s focus on profitability and shareholder returns, we anticipate modest U.S. rig count growth during 2023. However, equipment utilization and service intensity are expected to remain at extremely high levels. In addition, offshore and international market activity growth, particularly in the Middle East and Latin America, should accelerate in 2023 and serve as the engine that sustains a multi-year investment cycle. With these assumptions, our EBITDA guidance range for 2023 is $80 to $100 million."
Seeking Alpha • Dec 29

Forum Energy Technologies to convert notes due 2025 into shares

Forum Energy Technologies (NYSE:FET) is set to convert $122.8M, or 47.8%, of the 9.00% convertible senior secured notes due August 2025 into ~4.5M shares on Jan. 3, 2023. The settlement date will be Jan. 5, 2023. The current conversion satisfies a mandatory conversion requirement under the terms of the notes. The conversion will reduce the energy company's annualized interest payments by over $11M. The remaining ~$134.2M in aggregate principal of the notes are not subject to any optional or mandatory conversion provisions. Source: Press Release
Seeking Alpha • Nov 08

Forum Energy GAAP EPS of $1.82, revenue of $181.8M

Forum Energy press release (NYSE:FET): Q3 GAAP EPS of $1.82. Revenue of $181.8M (+28.9% Y/Y). Orders of $198 million and book-to-bill ratio of 1.09 Adjusted EBITDA of $17.8 million, a 15% sequential increase Operating Cash Flow of $18.5 million and Free Cash Flow of $17.3 million Confirming full-year 2022 Adjusted EBITDA at top end of $50 to $60 million guidance range Second half 2022 Free Cash Flow expectation remains $30 to $40 million

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Insufficient data to determine if FET's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FET's dividend payments have been increasing.


Dividend Yield vs Market

Forum Energy Technologies Dividend Yield vs Market
How does FET dividend yield compare to the market?
SegmentDividend Yield
Company (FET)n/a
Market Bottom 25% (US)1.4%
Market Top 25% (US)4.1%
Industry Average (Energy Services)1.8%
Analyst forecast (FET) (up to 3 years)n/a

Notable Dividend: Unable to evaluate FET's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FET's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate FET's payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FET has not reported any payouts.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/11 04:58
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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.

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 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 Github.

Analyst Sources

Forum Energy Technologies, Inc. is covered by 27 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel LebenBaird
J. David AndersonBarclays
Chase MulvehillBofA Global Research

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