Forum Energy Technologies: Valuation Concerns Before The Potential Recovery [Seeking Alpha]
Forum Energy Technologies, Inc. (FET)
Last forum energy technologies, inc. earnings: 2/12 08:25 pm
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US:NYSE Investor Relations:
ir.f-e-t.com
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Source: Seeking Alpha
Demand for FET's coiled tubing and drilling capital equipment decreased in international markets due to budget cuts by operators. FET's cash flows improved mildly in Q1, but its debt level increased aggressively after the Variperm acquisition, leading to a "sell" rating for the stock. FET Faces A Downside I discussed Forum Energy Technologies ( NYSE: FET ) in the past, and you can read the latest article here , published on December 5, 2023. Over the past several quarters, oilfield services companies like FET benefited from the rise in average footage drilled per rig and longer and more stages in fracking. FET banked on the trend by introducing artificial lift, wireline, and advanced technology-based products. Over the past couple of quarters, it complemented its artificial lift product portfolio following the Variperm acquisition. In Q1, its Artificial Lift and Downhole segment order book swelled, which indicates a strong recovery in 2H 2024. However, demand for its coiled t
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FET
News
- Forum Energy Technologies to Present at the J.P. Morgan 2024 Energy, Power and Renewables ConferenceBusiness Wire
- Forum Energy Technologies to Participate in Water Tower Fireside ChatBusiness Wire
- Forum Energy Technologies, Inc. (NYSE: FET) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Forum Energy Technologies to Present at the Sidoti Virtual Investor ConferenceBusiness Wire
- Forum Energy Technologies, Inc. (NYSE:FET) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
FET
Earnings
- 5/2/24 - Beat
FET
Sec Filings
- 6/11/24 - Form S-3/A
- 6/11/24 - Form 8-K
- 5/30/24 - Form S-8
- FET's page on the SEC website