Forum Energy TechnologiesFET
FET
About: Forum Energy Technologies Inc is a products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole which is also its key revenue generating segment, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors among others.
Employees: 1,600
0
Funds holding %
of 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
264% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 11
143% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 7
13% more funds holding
Funds holding: 77 [Q3] → 87 (+10) [Q4]
0% more call options, than puts
Call options by funds: $8K | Put options by funds: $8K
5.39% less ownership
Funds ownership: 67.54% [Q3] → 62.15% (-5.39%) [Q4]
10% less capital invested
Capital invested by funds: $127M [Q3] → $114M (-$13.2M) [Q4]
67% less funds holding in top 10
Funds holding in top 10: 3 [Q3] → 1 (-2) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for FET.
Financial journalist opinion
Based on 5 articles about FET published over the past 30 days
Neutral
Seeking Alpha
17 hours ago
Forum Energy Technologies, Inc. (FET) Q4 2024 Earnings Call Transcript
Forum Energy Technologies, Inc. (NYSE:FET ) Q4 2024 Earnings Conference Call February 21, 2025 11:00 AM ET Company Participants Rob Kukla - Director of IR Neal Lux - President and CEO Lyle Williams - CFO Conference Call Participants John Daniel - Daniel Energy Partners Dave Storms - Stonegate Jeff Robertson - Water Tower Research Steve Ferazani - Sidoti Operator Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies Fourth Quarter and Full Year 2024 Earnings Conference Call. My name is Gigi and I'll be your coordinator for today's call.
Neutral
Business Wire
1 day ago
Forum Energy Technologies Announces Fourth Quarter and Full Year 2024 Results and Outlook; Delivers $92 Million of Operating Cash Flow
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2024 revenue of $201 million and orders of $190 million. Fourth quarter net loss of $104 million includes a non-cash, pre-tax intangible asset impairment of $119 million and an $11 million tax valuation allowance release. Net loss for 2024 was $135 million, or $11.00 per diluted share. Adjusted net loss for the quarter was $6 million and $11 million for 2024.1 Neal Lux, President and Chief Execu.
Neutral
Business Wire
5 days ago
C. Christopher Gaut to Retire from FET Board of Directors
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that Mr. C. Christopher Gaut plans to retire from the FET Board of Directors at the end of his term and not stand for re-election at FET's 2025 annual meeting of stockholders. Mr. Gaut was first elected as a director of Forum Oilfield Technologies in 2006. In 2010, following his retirement from Halliburton, where he led a distinguished career as Chief Financial Officer, Mr. Gaut developed a strategy leading to.
Neutral
Business Wire
1 week ago
Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2024 Earnings Conference Call
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2024 earnings conference call at 10:00 a.m. Central Time on Friday, February 21, 2025. FET will issue a press release reporting its fourth quarter and full year 2024 earnings prior to the conference call. The call will be webcast through the Investor Relations link on FET's website at ir.f-e-t.com. Participants who want to ask a question during the call should.
Neutral
Business Wire
2 weeks ago
Forum Energy Technologies Congratulates Board Member Leslie A. Beyer on U.S. Government Nomination
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) congratulates Leslie A. Beyer, a member of FET's Board of Directors, on her nomination to serve as Assistant Secretary for Land and Minerals Management in the U.S. Department of Interior (DOI). Once confirmed by the Senate, Ms. Beyer would oversee multiple key agencies within the DOI, including the Bureau of Land Management; Office of Surface Mining Reclamation and Enforcement; Bureau of Ocean Energy Management; and Bureau of.
Neutral
Business Wire
1 month ago
Forum Energy Technologies to Present at the Sidoti Virtual Micro Cap Conference
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financial Officer, are scheduled to present at the Sidoti Virtual Micro Cap Conference on Wednesday, January 22, 2025 at 11:30 a.m. Eastern Time. The presentation can be accessed live at the following link: https://sidoti.zoom.us/webinar/register/WN_msJcxtctQA6hqOwKwkYYIg A link to the live webcast and t.
Neutral
Seeking Alpha
1 month ago
Forum Energy Technologies: A Stock Buying Back 40% Of Its Market Cap
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.
Neutral
Business Wire
2 months ago
Forum Energy Technologies Announces $75 Million Share Repurchase Program and Completion of Sale-Leaseback Transactions
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) today announced that its Board of Directors has authorized a program for the repurchase of outstanding shares of FET's common stock having an aggregate purchase price of up to $75 million. Shares may be repurchased under the program from time to time, in amounts and at prices that FET deems appropriate, subject to market and business conditions, applicable legal requirements and other considerations. The program does.
Neutral
GlobeNewsWire
2 months ago
Appointment of Evelyn Angelle to Bird's Board of Directors
MISSISSAUGA, Ontario, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Bird Construction Inc. (TSX: BDT) is pleased to announce the appointment of Evelyn Angelle to its Board of Directors (the “Board”), effective immediately. Ms. Angelle will fill a vacancy on the Board, bringing the total number of directors to 10.
Neutral
Accesswire
3 months ago
Forum Energy Technologies to Present at November 21st Virtual Investor Summit Microcap Event
HOUSTON, TX / ACCESSWIRE / November 18, 2024 / Forum Energy Technologies, Inc. (NYSE:FET), a global manufacturing company, serving the oil, natural gas, industrial and renewable energy industries, will present at the Virtual Investor Summit Microcap Event. The company will be available for 1-on-1 meetings throughout the day in addition to their presentation.
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