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Forum Energy Technologies Inc (FET)



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Upturn Advisory Summary
07/11/2025: FET (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -29.85% | Avg. Invested days 18 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 248.75M USD | Price to earnings Ratio - | 1Y Target Price 24 |
Price to earnings Ratio - | 1Y Target Price 24 | ||
Volume (30-day avg) - | Beta 0.76 | 52 Weeks Range 12.78 - 21.57 | Updated Date 06/29/2025 |
52 Weeks Range 12.78 - 21.57 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -10.06 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -15.35% | Operating Margin (TTM) 4.65% |
Management Effectiveness
Return on Assets (TTM) 2.46% | Return on Equity (TTM) -32.34% |
Valuation
Trailing PE - | Forward PE 10.7 | Enterprise Value 459716158 | Price to Sales(TTM) 0.31 |
Enterprise Value 459716158 | Price to Sales(TTM) 0.31 | ||
Enterprise Value to Revenue 0.57 | Enterprise Value to EBITDA 8.2 | Shares Outstanding 12369600 | Shares Floating 10730897 |
Shares Outstanding 12369600 | Shares Floating 10730897 | ||
Percent Insiders 10.93 | Percent Institutions 65.41 |
Upturn AI SWOT
Forum Energy Technologies Inc

Company Overview
History and Background
Forum Energy Technologies was formed in 2010 through a series of strategic acquisitions, consolidating expertise in drilling, subsea, and other energy-related sectors. It has evolved to focus on manufacturing and service for the energy industry.
Core Business Areas
- Drilling Technologies: Designs, manufactures, and supplies products for drilling rigs, including pressure control equipment and tubular handling systems.
- Subsea Technologies: Provides subsea intervention tooling, remotely operated vehicles (ROVs), and specialty components for offshore energy projects.
- Completions Technologies: Offers products used during well completion and intervention, including flow control equipment and downhole tools.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other key executives. The organizational structure includes various business segments reporting to the executive team.
Top Products and Market Share
Key Offerings
- Subsea Robotics: ROVs used for inspection, repair, and maintenance of subsea infrastructure. The competitors include TechnipFMC, Oceaneering International, and Saipem. Market share data is variable and project-dependent.
- Drilling Technologies (Pressure Control): Pressure control equipment such as blowout preventers (BOPs) are crucial for safe drilling. Competitors include Baker Hughes, Halliburton, and Schlumberger. Market share data is project dependent.
- Downhole Tools: Tools used in drilling, completions, and interventions, including cementing tools and packers. Competitors include Weatherford International, Halliburton, and Schlumberger. Market share data is project dependent.
Market Dynamics
Industry Overview
The energy sector is cyclical, with fluctuations driven by commodity prices and geopolitical events. Demand for oil and gas remains significant despite the growth of renewable energy sources. Offshore and subsea activity levels impact Forum's results.
Positioning
Forum Energy Technologies is a mid-sized player in the energy equipment and services market. Its competitive advantages include a broad product portfolio and established relationships with major energy companies.
Total Addressable Market (TAM)
The TAM for energy equipment and services is estimated to be in the hundreds of billions of dollars annually. Forum Energy Technologies targets specific segments within this market, positioning itself to capture a portion of the expenditure on drilling and subsea maintenance.
Upturn SWOT Analysis
Strengths
- Diverse product portfolio
- Established customer relationships
- Engineering expertise
- Global presence
- Focus on innovation
Weaknesses
- Cyclical exposure to the energy market
- Debt burden
- Profitability
- Smaller scale compared to major competitors
- Reliance on specific regions or customers
Opportunities
- Increased offshore exploration and production
- Growth in subsea infrastructure maintenance
- Adoption of advanced technologies
- Expansion into new geographic markets
- Acquisitions of complementary businesses
Threats
- Fluctuations in oil and gas prices
- Competition from larger players
- Technological obsolescence
- Geopolitical instability
- Environmental regulations
Competitors and Market Share
Key Competitors
- SLB
- HAL
- BKR
Competitive Landscape
Forum Energy Technologies faces intense competition from larger, more established players. Its competitive advantages lie in its specialized product offerings and customer relationships. To remain competitive, Forum must innovate.
Growth Trajectory and Initiatives
Historical Growth: Forum Energy Technologies' historical growth has been tied to the cyclical nature of the energy market. Periods of high oil and gas prices have typically correlated with increased revenue.
Future Projections: Analyst estimates suggest moderate growth in the coming years, driven by increased activity in offshore and subsea projects. These projections are contingent on energy market conditions.
Recent Initiatives: Recent strategic initiatives include focusing on cost reduction, developing new technologies, and expanding into new geographic markets.
Summary
Forum Energy Technologies is a mid-sized player in the cyclical energy equipment and services market. The company's strength lies in its diverse product portfolio and customer relationships. However, it faces challenges from larger competitors and fluctuations in energy prices. Successful execution of strategic initiatives is critical for future growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Analyst Reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance are subject to change. Financial data should be verified independently.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Forum Energy Technologies Inc
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 2012-04-12 | President, CEO & Director Mr. Neal A. Lux | ||
Sector Energy | Industry Oil & Gas Equipment & Services | Full time employees 1800 | Website https://f-e-t.com |
Full time employees 1800 | Website https://f-e-t.com |
Forum Energy Technologies, Inc. designs, manufactures, and supplies products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through two segments, Drilling and Completions; and Artificial Lift and Downhole. The Drilling and Completions segment designs, manufactures, and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation, and intervention markets, including applications in oil and natural gas, renewable energy, defense, and communications industries. This segment also offers drilling capital equipment and consumable products; subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tooling, and technical services; hydraulic fracturing pumps, cooling systems, and high-pressure flexible hoses and flow iron; wireline cable and pressure control equipment; and coiled tubing strings and pressure control equipment, as well as coiled line pipe and related services. The Artificial Lift and Downhole Segment designs, manufactures, and supplies products and solutions for the artificial lift, well construction, production, and infrastructure markets. This segment also offers products designed to safeguard artificial lift equipment and downhole cables; well construction casing and cementing equipment; customized downhole technology solutions, which provides sand and flow control products for heavy oil applications; engineered process systems, production equipment, and separation equipment; and a range of industrial valves. It sells its products through distributors to drilling rig contractors, offshore service companies, governmental organizations, and oil and gas operators and producers. 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.

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