FET - Forum Energy Technologies, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
0.3051
-0.0194 (-5.98%)
At close: 3:59PM EDT
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Previous close0.3245
Open0.3200
Bid0.3014 x 1800
Ask0.3015 x 4000
Day's range0.2800 - 0.3245
52-week range0.1500 - 3.9300
Volume3,091,857
Avg. volume5,424,066
Market cap33.978M
Beta (5Y monthly)4.29
PE ratio (TTM)N/A
EPS (TTM)-5.3970
Earnings date22 Jul 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est1.00
  • Joint Press Release of Forum US, Inc. and Howe-Baker International Ltd. Regarding Settlement of Litigation
    Business Wire

    Joint Press Release of Forum US, Inc. and Howe-Baker International Ltd. Regarding Settlement of Litigation

    Forum US, Inc. and Howe-Baker International Ltd., Howe-Baker LLC, Howe Baker International LLC and Omid Malek (collectively "Howe Baker International Ltd.") have settled a lawsuit in which Forum US, Inc. had accused Howe-Baker International Ltd. of violating the Federal Lanham Act based on several statements that appeared on Howe-Baker International Ltd.’s website. Howe-Baker International Ltd. states such statements were inadvertently included on the website.

  • Forum Energy Technologies, Inc. Announces Expiration and Results of its Tender Offer and Consent Solicitation
    Business Wire

    Forum Energy Technologies, Inc. Announces Expiration and Results of its Tender Offer and Consent Solicitation

    Forum Energy Technologies, Inc. (NYSE: FET) ("Forum" or the "Company") announced today the expiration and results of its previously announced "Dutch Auction" tender offer and consent solicitation (the "Offer") for a portion of its outstanding 6.250% Senior Notes due 2021 (the "Notes") for aggregate cash consideration of up to $80.0 million.

  • Forum Energy Technologies Announces First Quarter 2020 Results
    Business Wire

    Forum Energy Technologies Announces First Quarter 2020 Results

    Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2020 revenue of $183 million, a decrease of $17 million from the fourth quarter 2019. Net loss for the quarter was $37 million, or $0.33 per diluted share, compared to a net loss of $12 million, or $0.11 per diluted share, for the fourth quarter 2019. Excluding $15 million, or $0.13 per share of special items, adjusted net loss was $0.20 per diluted share in the first quarter 2020, compared to an adjusted net loss of $0.09 per diluted share in the fourth quarter 2019. Forum generated $1.3 million of adjusted EBITDA in the quarter, a decrease of approximately $9.4 million from the fourth quarter 2019.

  • Forum Energy Technologies Adopts Limited Duration Stockholder Rights Plan
    Business Wire

    Forum Energy Technologies Adopts Limited Duration Stockholder Rights Plan

    Forum Energy Technologies, Inc. (NYSE: FET) (the "Company") today announced that its Board of Directors has approved the adoption of a limited duration Stockholder Rights Plan (the "Rights Plan"), effective April 29, 2020. The Rights Plan is similar to plans adopted by numerous publicly traded companies.

  • Forum Energy Technologies, Inc. Announces Extension of Early Tender and Consent Date
    Business Wire

    Forum Energy Technologies, Inc. Announces Extension of Early Tender and Consent Date

    Forum Energy Technologies, Inc. (NYSE: FET) ("Forum" or the "Company") announced today that it is extending to 11:59 p.m., New York City Time, on May 12, 2020 the Early Tender and Consent Date (as defined in the Company’s Offer to Purchase and Consent Solicitation Statement dated April 15, 2020 (the "Statement")) of its cash tender offer (the "Offer") for an aggregate principal amount of its outstanding 6.250% Senior Notes due 2021 (the "Notes") resulting in an aggregate payment amount of up to $80.0 million (exclusive of accrued and unpaid interest). Accordingly, the Early Tender and Consent Date will occur at the same time the Offer is scheduled to expire at 11:59 P.M., New York City time, on May 12, 2020, unless extended or earlier terminated by Forum in its sole discretion, and the holders of all Notes tendered at or prior to such time will be eligible to receive the Total Consideration (as defined in the Statement) for their Notes, including the Early Tender Payment (as defined in the Statement). All of the other terms and conditions of the Offer remain unchanged. The Withdrawal Date (as defined in the Statement) prior to which Notes tendered may be validly withdrawn has passed, and Notes tendered through the expiration date of the Offer may not be validly withdrawn except under the circumstances described in the Statement.

  • Forum Energy Technologies, Inc. Announces Change of Location for Annual Meeting of Stockholders to Be Held on May 12, 2020
    Business Wire

    Forum Energy Technologies, Inc. Announces Change of Location for Annual Meeting of Stockholders to Be Held on May 12, 2020

    Forum Energy Technologies, Inc. (NYSE:FET) ("Forum") announced today a change in the location for its 2020 Annual Meeting of Stockholders (the "Annual Meeting"). As previously announced, the Annual Meeting will be held at 8:00 a.m., Central Daylight Time, on May 12, 2020. However, due to health and safety concerns related to the coronavirus (COVID-19) outbreak, recommendations and orders from various federal, state and local governmental authorities, and out of an abundance of caution to support the health and well-being of Forum’s stockholders, employees and community, the Annual Meeting will now be held in a virtual meeting format only. There will be no physical meeting, and stockholders will not be able to attend the Annual Meeting in person.

  • Earnings Preview: Forum Energy Technologies (FET) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Forum Energy Technologies (FET) Q1 Earnings Expected to Decline

    Forum Energy (FET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Forum Energy Technologies, Inc. Announces Commencement of Tender Offer and Consent Solicitation
    Business Wire

    Forum Energy Technologies, Inc. Announces Commencement of Tender Offer and Consent Solicitation

    Forum Energy Technologies, Inc. (NYSE: FET) ("Forum" or the "Company") today announced the commencement of a modified "Dutch Auction" tender offer and consent solicitation (the "Offer") for a portion of its outstanding 6.250% Senior Notes due 2021 (the "Notes").

  • Forum Announces Financial Update for Current Oil Market and COVID-19
    Business Wire

    Forum Announces Financial Update for Current Oil Market and COVID-19

    Forum Energy Technologies, Inc. (NYSE: FET) ("Forum" or, the "Company") today announced a financial update in view of the significant impact that the COVID-19 pandemic and the collapse in oil and gas prices are having on drilling and completion activity, and demand for Forum’s products. Forum is taking a number of actions in response to the current market environment, including the following:

  • Forum Energy Technologies, Inc. Announces Operational and Financial Update
    Business Wire

    Forum Energy Technologies, Inc. Announces Operational and Financial Update

    Forum Energy Technologies, Inc. (NYSE: FET) (the "Company" or "Forum") today provided the following update on the status of the business: Cris Gaut, Chairman and Chief Executive Officer of the Company said, "We are closely monitoring the impact of COVID-19 to ensure the safety of our employees, while we preserve business continuity and work to meet our customers’ needs. Given the collapse in oil prices and the rapidly devolving outlook for drilling and completions spending, our guidance for the Company’s financial performance for the first quarter and full year 2020 previously provided during our fourth quarter earnings call is withdrawn and investors should no longer rely on this guidance. We expect our results of operations, including operating cash flow, for the first quarter and the full year 2020 to be negatively impacted as a result of lower demand for our products and by supply chain disruptions. This statement replaces and supersedes any previously issued guidance or forecast.

  • Forum Energy Technologies Receives Continued Listing Standard Notice from NYSE
    Business Wire

    Forum Energy Technologies Receives Continued Listing Standard Notice from NYSE

    Forum Energy Technologies, Inc. (NYSE: FET) (the "Company") today announced that on March 10, 2020, the Company was notified by the New York Stock Exchange of its noncompliance with continued listing standards because the average closing price of shares of its common stock over a prior 30 consecutive trading day period had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE. The Company’s Board of Directors is reviewing all available alternatives to return to compliance with the NYSE continued listing standards. Accordingly, the Board of Directors has currently authorized the Company to propose for stockholder approval a reverse stock split with a ratio of not less than one-for-ten (1:10) and not more than one-for-twenty five (1:25) at the annual meeting of stockholders currently expected to be held in May 2020.

  • Associated Press

    Forum Energy: 4Q Earnings Snapshot

    HOUSTON (AP) _ Forum Energy Technologies Inc. (FET) on Wednesday reported a loss of $12.4 million in its fourth quarter. The Houston-based company said it had a loss of 11 cents per share. The results matched Wall Street expectations.

  • Forum Energy Technologies (FET) Expected to Beat Earnings Estimates: Should You Buy?
    Zacks

    Forum Energy Technologies (FET) Expected to Beat Earnings Estimates: Should You Buy?

    Forum Energy (FET) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Analysts Estimate Forum Energy Technologies (FET) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Forum Energy Technologies (FET) to Report a Decline in Earnings: What to Look Out for

    Forum Energy (FET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Forum Energy (FET) Announces Stake Sale in Ashtead Technology
    Zacks

    Forum Energy (FET) Announces Stake Sale in Ashtead Technology

    With the sale of its 40% stake in Ashtead Technology, Forum Energy (FET) will receive $39 million of cash proceeds alongside an $8.5-million loan with a three-year maturity period.

  • Forum Energy Technologies Inc (FET) Q2 2019 Earnings Call Transcript
    Motley Fool

    Forum Energy Technologies Inc (FET) Q2 2019 Earnings Call Transcript

    FET earnings call for the period ending June 30, 2019.

  • Forum Energy Technologies (FET) Reports Q2 Loss, Misses Revenue Estimates
    Zacks

    Forum Energy Technologies (FET) Reports Q2 Loss, Misses Revenue Estimates

    Forum Energy (FET) delivered earnings and revenue surprises of -60.00% and -4.85%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Factors to Know Ahead of Forum Energy's (FET) Q2 Earnings
    Zacks

    Factors to Know Ahead of Forum Energy's (FET) Q2 Earnings

    Transition to a more disciplined capital spending approach within the exploration and production space is expected to weigh on Forum Energy's (FET) Q2 results.

  • Are Investors Undervaluing Forum Energy Technologies (FET) Right Now?
    Zacks

    Are Investors Undervaluing Forum Energy Technologies (FET) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Offshore & Global Activities to Aid Oilfield Equipment Stocks
    Zacks

    Offshore & Global Activities to Aid Oilfield Equipment Stocks

    Offshore & Global Activities to Aid Oilfield Equipment Stocks

  • 5 High Beta ETFs, Stocks to Ride on Surging Market
    Zacks

    5 High Beta ETFs, Stocks to Ride on Surging Market

    While every corner of the market is enjoying this ascent, high-beta ETFs and stocks seem a perfect bet at present.

  • Forum Energy Technologies Enters Oversold Territory
    Zacks

    Forum Energy Technologies Enters Oversold Territory

    Forum Energy Technologies, Inc. (FET) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

  • Forum Energy Technologies (FET) Gains But Lags Market: What You Should Know
    Zacks

    Forum Energy Technologies (FET) Gains But Lags Market: What You Should Know

    Forum Energy Technologies (FET) closed the most recent trading day at $3.83, moving +0.26% from the previous trading session.