Forum Energy Technologies Inc.  (FET)
Other Ticker:  
Price: $26.5000 $0.72 2.793%
Day's High: $26.5 Week Perf: 0.99 %
Day's Low: $ 25.79 30 Day Perf: 39.03 %
Volume (M): 13 52 Wk High: $ 26.51
Volume (M$): $ 337 52 Wk Avg: $20.71
Open: $26.03 52 Wk Low: $14.71

 Market Capitalization (Millions $) 278
 Shares Outstanding (Millions) 10
 Employees 2,050
 Revenues (TTM) (Millions $) 606
 Net Income (TTM) (Millions $) -33
 Cash Flow (TTM) (Millions $) -71
 Capital Exp. (TTM) (Millions $) 4

Forum Energy Technologies Inc.

We design, manufacture and distribute products and engage in aftermarket services, parts supply and related services that complement our product offering. Our product offering includes a mix of highly engineered capital products and frequently replaced items that are used in the exploration, development, production and transportation of oil and natural gas. Our capital products are targeted at: drilling rig equipment for new rigs, upgrades and refurbishment projects; subsea construction and development projects; the placement of production equipment on new producing wells; pressure pumping equipment; and downstream capital projects. Our engineered systems are critical components used on drilling rigs, for well completions or in the course of subsea operations, while our consumable products are used to maintain efficient and safe operations at well sites in the well construction process, within the supporting infrastructure and at processing centers and refineries. Historically, over 60% of our revenue is derived from activity-based consumable products, while the balance is derived from capital products and a small amount from rental and other services.

We seek to design, manufacture and supply reliable products that create value for our diverse customer base, which includes, among others, oil and natural gas operators, land and offshore drilling contractors, oilfield service companies, subsea construction and service companies in both oil and natural gas and non-oil and natural gas industries, and pipeline and refinery operators.
We operate three business segments, Drilling & Subsea, Completions, and Production & Infrastructure.

In our Drilling & Subsea segment, we design, manufacture and supply products and provide related services to the drilling and subsea construction markets. Through this segment, we offer drilling technologies, including capital equipment and a broad line of products consumed in the drilling process; and subsea technologies, including robotic vehicles and other capital equipment, specialty components and tooling, a broad suite of complementary subsea technical services and rental items, and products used in pipeline infrastructure.

In our Completions segment, we design, manufacture and supply products and provide related services to the well construction, completion, stimulation and intervention markets. Through this segment, we offer downhole technologies, including cementing and casing tools, completion products, and a range of downhole cable protection solutions; and stimulation and intervention technologies, including pumps and well stimulation consumable products and related recertification and refurbishment services.

The level of spending to bring new wells on production, including the related infrastructure is the primary driver for our Production & Infrastructure segment. Our Production Equipment product line also has exposure to the amount of spending on midstream and downstream projects as it offers products that go from the well site to inside the refinery fence. Our Valve Solutions product line is impacted by the level of infrastructure additions, upgrades and maintenance activities across the oil and natural gas industry, including the upstream, midstream and downstream sectors. This includes heavy oil development in Canada and investments in new petrochemical facilities. In addition, our valves are used in the power, process and mining industries.

   Company Address: 10344 Sam Houston Park Drive Houston 77064 TX
   Company Phone Number: 949-2500   Stock Exchange / Ticker: NYSE FET
   FET is expected to report next financial results on November 04, 2022.

Customers Net Income grew by FET's Customers Net Profit Margin grew to

638.01 %

22.75 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


Stock Performances by Major Competitors

Year to Date Decrease / Increase
FTI        32.57% 
DOV   -22.81%    
FLR        7.34% 
GE   -19.13%    
HAL        22.51% 
J   -3.2%    
SLB        17.15% 
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Forum Energy Technologies's Segments
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