Forum Energy Technologies Stock Today

FET Stock  USD 14.89  0.11  0.74%   

Performance

0 of 100

 
Weak
 
Strong
Very Weak

Odds Of Distress

Less than 43

 
High
 
Low
Below Average
Forum Energy is selling for under 14.89 as of the 21st of November 2024; that is 0.74 percent increase since the beginning of the trading day. The stock's last reported lowest price was 14.71. Forum Energy has about a 43 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Forum Energy Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2022 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain
Energy
IPO Date
12th of April 2012
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. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas. The company has 12.28 M outstanding shares of which 104.3 K shares are currently shorted by investors with about 3.24 days to cover. More on Forum Energy Technologies

Moving together with Forum Stock

  0.87NR Newpark ResourcesPairCorr
  0.73VTOL Bristow GroupPairCorr

Moving against Forum Stock

  0.48TS Tenaris SA ADR Sell-off TrendPairCorr
  0.47EFXT EnerflexPairCorr
  0.47KGS Kodiak Gas Services,PairCorr
  0.44DWSN Dawson GeophysicalPairCorr
  0.44SUBCY Subsea 7 SA Earnings Call TodayPairCorr
  0.32BKR Baker Hughes Fiscal Year End 28th of January 2025 PairCorr

Forum Stock Highlights

ESG Sustainability
Environmental
Governance
Social
Chairman, CEO and PresChristopher Gaut
Thematic IdeaMachinery (View all Themes)
Old Names[FAR EAST CONSORTIUM, Folkestone Education Trust]
Business ConcentrationOil & Gas Equipment & Services, Energy, NYSE Composite, Machinery, Energy, Energy Equipment & Services, Oil & Gas Equipment & Services, Energy (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.760.8999
Fairly Down
Pretty Stable
Net Debt247.2 M155.2 M
Way Up
Slightly volatile
Total Current Liabilities158.9 M204.3 M
Significantly Down
Slightly volatile
Non Current Liabilities Total350.7 M204.1 M
Way Up
Slightly volatile
Total Assets1.2 B821.1 M
Significantly Up
Slightly volatile
Total Current Assets505 M529.6 M
Sufficiently Down
Slightly volatile
Debt Levels
Forum Energy can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Forum Energy's financial leverage. It provides some insight into what part of Forum Energy's total assets is financed by creditors.
Liquidity
Forum Energy Technologies has 201.4 M in debt with debt to equity (D/E) ratio of 0.91, which is OK given its current industry classification. Forum Energy Technologies has a current ratio of 2.38, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Forum to invest in growth at high rates of return.

Depreciation

57.6 Million
Forum Energy Technologies (FET) is traded on New York Stock Exchange in USA. It is located in 10344 Sam Houston Park Drive, Houston, TX, United States, 77064 and employs 1,600 people. Forum Energy is listed under Oil & Gas Equipment & Services category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 181.55 M. Forum Energy Technologies runs under Energy Equipment & Services sector within Energy industry. The entity has 12.28 M outstanding shares of which 104.3 K shares are currently shorted by investors with about 3.24 days to cover. Forum Energy Technologies has about 51 M in cash with 8.18 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.45.
Check Forum Energy Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Forum Energy Technologies is $181.55 Million. The majority of Forum Energy Technologies outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Forum Energy Technologies to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Forum Energy. Please pay attention to any change in the institutional holdings of Forum Energy Technologies as this could imply that something significant has changed or is about to change at the company. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.
Check Forum Ownership Details

Forum Stock Institutional Holders

InstituionRecorded OnShares
State Street Corp2024-06-30
185.7 K
Hotchkis & Wiley Capital Management Llc2024-06-30
148.5 K
Northern Trust Corp2024-09-30
99.5 K
Ameriprise Financial Inc2024-06-30
92.6 K
Icon Wealth Advisors Llc2024-09-30
91.8 K
Renaissance Technologies Corp2024-09-30
87.3 K
Monaco Asset Management2024-09-30
68.4 K
Bridgeway Capital Management, Llc2024-06-30
66 K
Morgan Stanley - Brokerage Accounts2024-06-30
64.7 K
Mackay Shields Llc2024-09-30
937.8 K
Simmons L E & Associates Inc2024-09-30
830.7 K
View Forum Energy Diagnostics

Forum Energy Historical Income Statement

At this time, Forum Energy's Net Income Applicable To Common Shares is comparatively stable compared to the past year. Non Recurring is likely to gain to about 22.2 M in 2024, whereas Income Before Tax is likely to drop (8.2 M) in 2024. View More Fundamentals

Forum Stock Against Markets

Forum Energy Corporate Directors

Evelyn AngelleNon-Executive Independent DirectorProfile
Andrew WaiteNon-Executive Independent DirectorProfile
Emily ReichertNon-Executive Independent DirectorProfile
John SchmitzNon-Executive Independent DirectorProfile

Additional Tools for Forum Stock Analysis

When running Forum Energy's price analysis, check to measure Forum Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Forum Energy is operating at the current time. Most of Forum Energy's value examination focuses on studying past and present price action to predict the probability of Forum Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Forum Energy's price. Additionally, you may evaluate how the addition of Forum Energy to your portfolios can decrease your overall portfolio volatility.