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Forum Energy Technologies Inc (FET)

Upturn stock ratingUpturn stock rating
$20.85
Last Close (24-hour delay)
Profit since last BUY16.03%
upturn advisory
Consider higher Upturn Star rating
BUY since 22 days
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

07/11/2025: FET (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

0 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

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 stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/11/2025

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

ai summary icon Upturn AI SWOT

Forum Energy Technologies Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 1800

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.