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Forum Energy Technologies Inc   (NYSE: FET)
Other Ticker:  
 
 
Price: $15.0600 $-0.44 -2.839%
Day's High: $15.2893 Week Perf: 6.36 %
Day's Low: $ 14.27 30 Day Perf: -28.63 %
Volume (M): 0 52 Wk High: $ 21.57
Volume (M$): $ 0 52 Wk Avg: $16.86
Open: $14.89 52 Wk Low: $12.78



 Market Capitalization (Millions $) 185
 Shares Outstanding (Millions) 12
 Employees 1,600
 Revenues (TTM) (Millions $) 812
 Net Income (TTM) (Millions $) -135
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 8

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: 351-7900   Stock Exchange / Ticker: NYSE FET


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

-30.34 %

4.91 %

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


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKR   -1.52%    
FTI   -2.27%    
NOV   -4.03%    
CAT        0.64% 
DOV        3.14% 
FLR        1.59% 
• View Complete Report
   



Business Update

Strategic Legacy The Leadership Journey of C. Christopher Gaut and His Impact on Forum Energy Technologies,

Published Mon, Feb 17 2025 3:14 PM UTC

Navigating Energy s Legacy: The Foresight and Departure of C. Christopher Gaut from Forum Energy Technologies In the ever-evolving landscape of the energy sector, leadership plays a pivotal role in steering companies towards success and resilience. Within this dynamic field, few leaders have exemplified the blend of strategic foresight and financial acumen as distinctly as C...

Business Update

Navigating Financial Tides Forum Energy Technologies Reports Promising Third Quarter Results Amid Strategic Debt Mana...

Published Tue, Oct 15 2024 2:53 AM UTC

In a noteworthy update from the oilfield products and services sector, Forum Energy Technologies, Inc. (NYSE: FET) has recently unveiled its preliminary financial results for the third quarter of 2024, demonstrating a resilient performance amidst a fluctuating market landscape. The company s reported revenue reached approximately $208 million, a slight increase from the $205...

Business Update

Forum Energy Technologies Faces Redemption Challenge amidst Revenue Growth

Published Thu, Jul 18 2024 2:04 AM UTC

Forum Energy Technologies, a leading global oilfield products company, has made a significant announcement regarding the redemption of its 9.000% Convertible Senior Secured Notes due 2025. The company plans to redeem $60 million in aggregate principal amount of these notes at par on August 16, 2024, potentially reshaping its financial portfolio.Despite this redemption plan,...

Business Update

Forum Energy Technologies Announces $60 Million Redemption of Convertible Senior Secured Notes Amidst Increased Marke...

Published Wed, Jul 17 2024 9:47 PM UTC

Forum Energy Technologies Inc., a leading oilfield products and equipment provider, has recently announced its plans to redeem $60 million of its 9.000% Convertible Senior Secured Notes due 2025. This move comes as the company witnesses a steady increase in its market share, despite a challenging competitive landscape. With an optimistic cash flow outlook for Q2 2024, Forum ...

Business Update

Forum Energy Technologies Faces Challenges in Earnings Release and Investor Call as Revenue and Costs Decline

Published Tue, Feb 20 2024 1:12 AM UTC

Forum Energy Technologies, Inc. (NYSE: FET) has announced a delay in the issuance of its fourth quarter and full year 2023 earnings release and investor conference call. The company needs additional time to evaluate the impact of adjusting valuation allowance reserves in an international jurisdiction on income tax and net income. While no significant impact is expected on re...







Forum Energy Technologies Inc's Segments
Drilling and Completions    59.49 % of total Revenue
Artificial Lift and Downhole    40.54 % of total Revenue
Eliminations    -0 % of total Revenue

  Forum Energy Technologies Inc Outlook

On February 20 2024 the Forum Energy Technologies Inc provided following guidance

ull year 2023 earnings release within the next two weeks.

In the meantime, Forum Energy Technologies provided preliminary results for the fourth quarter and full year 2023, as well as guidance for 2024. The company reported strong performance in the fourth quarter, with revenue exceeding expectations and adjusted EBITDA in line with projections. Free cash flow also remained healthy, indicating the company's ability to generate cash even in challenging market conditions.

Looking ahead to 2024, Forum Energy Technologies anticipates continued growth and profitability. The company expects revenue to increase, driven by strong demand for its products and services in key markets. Adjusted EBITDA is a...





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