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Market Cap 276.17M P/E 13.81 EPS this Y - Ern Qtrly Grth -
Income -18.88M Forward P/E -15.29 EPS next Y 79.00% 50D Avg Chg 8.00%
Sales 738.86M PEG 0.12 EPS past 5Y -60.94% 200D Avg Chg 1.00%
Dividend N/A Price/Book 0.66 EPS next 5Y 132.10% 52W High Chg -20.00%
Recommedations 3.00 Quick Ratio 1.02 Shares Outstanding 12.28M 52W Low Chg 42.00%
Insider Own 9.86% ROA 1.79% Shares Float 9.83M Beta 2.60
Inst Own 56.00% ROE -5.25% Shares Shorted/Prior 128.34K/118.90K Price 27.21
Gross Margin 27.63% Profit Margin -2.56% Avg. Volume 78,795 Target Price -
Oper. Margin 2.54% Earnings Date May 3 Volume 64,657 Change -0.98%
About Forum Energy Technologies, Inc.

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. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling process; well construction casing and cementing equipment, and products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe and related services. The Production segment designs, manufactures, and supplies products, and provides related equipment and services for production and infrastructure markets. This segment offers engineered process systems, production equipment, specialty separation equipment, and various industrial valves for oil and natural gas customers, power generation, renewable energy, and other general industrial applications. 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.

Forum Energy Technologies, Inc. News
06:34 AM Forum Energy Technologies Reports Q1 2024 Results: A Closer Look Against Analyst Estimates
05/02/24 Forum Energy Technologies Announces First Quarter 2024 Results, Benefits from Variperm Acquisition
05/01/24 EnerCom Announces Mike Wirth, Chairman and Chief Executive Officer of Chevron, as Keynote Speaker at the 29th Annual EnerCom Denver - The Energy Investment Conference
04/26/24 Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation
04/16/24 Forum Energy Technologies Announces Timing of First Quarter 2024 Earnings Conference Call
04/16/24 EnerCom is Pleased to Announce that Registration is Now Open for the 29th Annual EnerCom Denver - The Energy Investment Conference
03/29/24 With 53% institutional ownership, Forum Energy Technologies, Inc. (NYSE:FET) is a favorite amongst the big guns
03/05/24 Stonegate Capital Partners Initiates Coverage on Forum Energy Technologies, Inc. (FET)
03/04/24 Forum Energy Technologies, Inc. (NYSE:FET) Q4 2023 Earnings Call Transcript
03/02/24 Forum Energy Technologies Full Year 2023 Earnings: US$1.85 loss per share (vs US$0.65 profit in FY 2022)
03/02/24 Q4 2023 Forum Energy Technologies Inc Earnings Call
02/29/24 Forum Energy Technologies Announces Fourth Quarter and Full Year 2023 Results and Outlook
02/28/24 Forum Energy Technologies Reschedules Fourth Quarter and Full Year 2023 Earnings Conference Call
02/20/24 Forum Energy Technologies Reports Preliminary Full Year 2023 Results and Issues 2024 Guidance
02/19/24 Forum Energy Technologies to Delay Issuance of Fourth Quarter and Full Year 2023 Earnings Release and Investor Conference Call; Provides Preliminary Results and 2024 Guidance
02/08/24 The past five years for Forum Energy Technologies (NYSE:FET) investors has not been profitable
01/23/24 Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2023 Earnings Conference Call
01/16/24 Sidoti Events, LLC's Virtual January Micro-Cap Conference
01/16/24 Forum Energy Technologies to Present at the Sidoti Virtual Investor Conference
01/12/24 This Forum Energy Technologies Insider Increased Their Holding By 22% Last Year
FET Chatroom

User Image Kerkorian1 Posted - 50 minutes ago

$FET @ConcentratedPositions I think their is a problem with this company. How can you maintain your bullishness.

User Image DonCorleone77 Posted - 16 hours ago

$FET Forum Energy affirms FY24 adjusted EBITDA view of $100M-$120M Affirms FY24 free cash flow view of $40M-$60M.

User Image DonCorleone77 Posted - 16 hours ago

$FET Forum Energy sees Q2 adjusted EBITDA $24M-$28M

User Image DonCorleone77 Posted - 16 hours ago

$FET Forum Energy reports Q1 EPS (12c) vs. (39c) last year Reports Q1 revenue $202.4M vs. $189.0M last year. Neal Lux, CEO, remarked, "This quarter our financial results demonstrate Variperm's transformational impact. Sequentially, we grew revenue 9%, increased EBITDA 69% and expanded EBITDA margins by 460 basis points. The integration of Variperm is going well. Variperm's first quarter results were generally in line with our expectations, but slightly lower than the historical run rate. As outlined in February, we forecast a softer Canadian market in the first half of 2024, driven by uncertainty with the Trans Mountain Express pipeline and seasonal break up. However, we anticipate stronger oil sands activity in the back half of the year. We increased free cash flow by $26 million on a year-over-year basis through Variperm's contribution and working capital management. Generating free cash flow remains a top priority. In addition to reducing net leverage, it provides flexibility to evaluate further growth options and return cash to shareholders."

User Image GimmeDaFETingGold Posted - 19 hours ago

$FET what I’ve learned the past 4 years. Great results, proving that Veriperm acquisition was critical for next level returns and growth opportunities. Loving the guidance reaffirmation, and positive cash flow despite guiding to probable negative FCF for Q1.

User Image Estimize Posted - 19 hours ago

$FET beats the Estimize EPS Consensus by 7c and misses the Estimize Revenue Consensus by $8.65M. Reports FQ1 earnings of -12c EPS and $... http://www.estimize.com/fet/fq1-2024?utm_content=beat_or_miss&utm_medium=tweet&utm_source=stocktwits

User Image Stock_Titan Posted - 19 hours ago

$FET Forum Energy Technologies Announces First Quarter 2024 Results, Benefits from Variperm Acquisition https://www.stocktitan.net/news/FET/forum-energy-technologies-announces-first-quarter-2024-results-pwuqtypdptcy.html

User Image Wisconsin_Deuce Posted - 23 hours ago

So I forget, they release morning of not the night before right? $FET

User Image GimmeDaFETingGold Posted - 1 day ago

$FET grabbed another 400 under 19. what a time to be alive! own an insane amount of shares at this point (4 years now of buy, buy, buy). Eyes on the prize gents...eyes on the prize.

User Image Cokewolf Posted - 1 day ago

@Zide @Acehi @WTITrader $FET will be changed to $ASI 1:1, so $FET price is $ASI price

User Image Dexterama Posted - 1 day ago

$FET Got some today aswell 👍

User Image ConcentratedPositions Posted - 04/30/24

$FET 👇Variperm is a core beneficiary… hard to imagine not seeing a step change in business activity

User Image ConcentratedPositions Posted - 04/30/24

$FET let the Variperming begin…. https://x.com/cer_rec/status/1785409203777032624?s=46&t=GKZdoXOzVLN-z5Zaa9-kFQ

User Image Dexterama Posted - 04/30/24

$FET Caught some today. 👍

User Image jeffpb Posted - 04/29/24

$FET $100 still fair

User Image ConcentratedPositions Posted - 04/29/24

$FET https://x.com/_EnergyRealist/status/1785023286872613207

User Image ronin245 Posted - 04/29/24

$MATIC.X ...back to low 69s slippery out there $FET 212s ,nice pump n dump this weekend

User Image ConcentratedPositions Posted - 04/28/24

$FET a little press for FET in here with a couple quotes from Lux… https://finance.yahoo.com/news/oil-gas-chain-reaction-e-130000761.html?guccounter=1

User Image ConcentratedPositions Posted - 04/25/24

$FET https://x.com/energy_tidbits/status/1783665969308864630?s=46&t=GKZdoXOzVLN-z5Zaa9-kFQ

User Image ConcentratedPositions Posted - 04/25/24

$FET interesting data. Canadian oil rig count (what matters for Variperm) up nearly 50% YoY. Usually troughs in first week or two of May. Will be very interesting to see where that lands in the next few weeks, should be telling for combined results through YE. I haven’t been able to find a rig count specifically for oil sands, which would be very useful.

User Image ConcentratedPositions Posted - 04/23/24

$FET $HAL 👇 https://x.com/jamieheard5/status/1782858992521211961?s=46&t=GKZdoXOzVLN-z5Zaa9-kFQ

User Image ConcentratedPositions Posted - 04/23/24

$FET $HAL ER call…. Not bearish

User Image ConcentratedPositions Posted - 04/22/24

$FET Veriperm - looks like the runway has been cleared… let it play out

User Image RiskVsReward Posted - 04/20/24

$FET 🏆⭐ Congratz to all who played with us! 😍

User Image Dexterama Posted - 04/20/24

$FET Odfljell, not guidning, but hinting at revenue of 2013 in well services 👍 Just imagine, getting back to revenues in the likes of 2013. Could it be more bullish?

User Image Dexterama Posted - 04/20/24

$FET Odfjell flagging for good times ahead 👍 https://x.com/MarhelmData/status/1780238136334864752

User Image KingAustin Posted - 04/20/24

@TomHenry24 $fet. You’d need 3 to 1 on the others to be < than $FETs 1to1 conversion.

User Image Zide Posted - 04/20/24

$ASI.X Hello fellow future millionaires. 25 watchers. The party has not even started yet! HOLD! $FET $AGIX.X $OCEAN.X

User Image ConcentratedPositions Posted - 04/19/24

$FET US rigs +2 (+5 oil)… 619 total down 134 YoY Canada rigs -14… 127 total +22 YoY Bullish variperm. Very curious to see what happens as Canada’s seasonal pull back turn going into summer

User Image ConcentratedPositions Posted - 04/19/24

$FET $SLB just mentioned they think the Saudis are going to add ~60 rigs this year despite previous announcements to taking oil rigs down. Unconventional gas growth ambitions more than offsetting oil activity.

Analyst Ratings
Piper Sandler Neutral Jun 30, 20
Citigroup Neutral Apr 22, 20
Barclays Underweight Mar 19, 20
Morgan Stanley Underweight Mar 16, 20
B. Riley Securities Sell Mar 11, 20
B of A Securities Underperform Mar 9, 20
Morgan Stanley Equal-Weight Oct 7, 19
Citigroup Neutral Sep 30, 19
Citigroup Buy Sep 23, 19
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
GAUT C CHRISTOPHER CEO & COB CEO & COB Nov 22 Sell 22.04 1,449 31,936 260,243 11/24/23
IVASCU JOHN C EVP, General Counsel.. EVP, General Counsel & CCO Nov 21 Sell 22.52 767 17,273 39,123 11/24/23
Lux Neal President & CEO President & CEO May 11 Buy 21.58 22,000 474,760 128,213 05/15/23
Danford Michael Dewayne SVP & CHO SVP & CHO Feb 17 Option 7.93 13,340 105,786 34,315 02/22/23
Williams David Lyle Jr. EVP, CFO EVP, CFO Feb 17 Option 7.93 33,564 266,163 58,047 02/22/23
GAUT C CHRISTOPHER Exec. COB Exec. COB Feb 18 Option 15.85 55,402 878,122 287,994 02/22/23
MCSHANE MICHAEL Director Director Dec 19 Buy 30.07 5,000 150,350 10,936 12/20/22
SCF Partners, Inc. - - Apr 08 Sell 22.24 7,022 156,169 86,489 04/12/22
SCF Partners, Inc. - - Apr 01 Sell 23.49 9,280 217,987 90,072 04/05/22
SCF Partners, Inc. - - Mar 30 Sell 24.04 30,833 741,225 94,698 03/31/22
SCF Partners, Inc. - - Mar 09 Sell 24.01 11,018 264,542 130,646 03/24/22