Forum Energy Technologies Stock Today

FET Stock  USD 18.87  0.42  2.28%   

Performance

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Odds Of Distress

Less than 40

 
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Below Average
Forum Energy is selling for under 18.87 as of the 28th of March 2024; that is 2.28 percent increase since the beginning of the trading day. The stock's last reported lowest price was 18.67. Forum Energy has about a 40 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 27th of February 2024 and ending today, the 28th of March 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 100.67 K shares are currently shorted by investors with about 3.24 days to cover. More on Forum Energy Technologies

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Follow Valuation Options Odds of Bankruptcy
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Forum Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Forum Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Forum Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEO, DirectorPradyumna Iyyanki
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
Analysts covering Forum Energy report their recommendations after researching Forum Energy's financial statements, talking to executives and customers, or listening in on Forum Energy's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Forum Energy Technologies. The Forum consensus assessment is calculated by taking the average forecast from all of the analysts covering Forum Energy.
Financial Strength
Based on the key measurements obtained from Forum Energy's financial statements, Forum Energy Technologies may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Forum Energy Technologies is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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
Forum Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Forum Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Forum Energy's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Forum Energy's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to 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.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Forum Energy's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Forum Energy deploys its capital and how much of that capital is borrowed.
Liquidity
Forum Energy cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company 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. Debt can assist Forum Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Forum Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Forum Energy Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Forum to invest in growth at high rates of return. When we think about Forum Energy's use of debt, we should always consider it together with cash and equity.

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 231.79 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Forum Energy's market, we take the total number of its shares issued and multiply it by Forum Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Forum Energy Technologies runs under Energy Equipment & Services sector within Energy industry. The entity has 12.28 M outstanding shares of which 100.67 K shares are currently shorted by investors with about 3.24 days to cover. Forum Energy Technologies has about 51 M in cash with 7.87 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 $231.79 Million. Over half of Forum Energy's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Forum Energy. Please watch out for any change in the institutional holdings of Forum Energy Technologies as this could mean 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 Price Odds Analysis

Attributed to a normal probability distribution, the odds of Forum Energy jumping above the current price in 90 days from now is about 77.9%. The Forum Energy Technologies probability density function shows the probability of Forum Energy stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.9339. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Forum Energy will likely underperform. Additionally, forum Energy Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 18.87HorizonTargetOdds Above 18.87
21.97%90 days
 18.87 
77.90%
Based on a normal probability distribution, the odds of Forum Energy to move above the current price in 90 days from now is about 77.9 (This Forum Energy Technologies probability density function shows the probability of Forum Stock to fall within a particular range of prices over 90 days) .

Forum Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Forum Energy that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Forum Energy's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Forum Energy's value.
InstituionRecorded OnShares
Newtyn Management Llc2023-12-31
194.3 K
State Street Corporation2023-12-31
175.4 K
Icon Wealth Partners, Llc2023-09-30
91.8 K
Icon Wealth Advisors Llc2023-12-31
91.8 K
Ameriprise Financial Inc2023-12-31
91.4 K
Northern Trust Corp2023-12-31
86.4 K
Monaco Asset Management2023-12-31
70.5 K
Renaissance Technologies Corp2023-12-31
54.2 K
Susquehanna International Group, Llp2023-12-31
53.8 K
Mackay Shields Llc2023-12-31
980.8 K
Keyframe Capital Partners, Lp2023-12-31
746 K
View Forum Energy Diagnostics

Forum Energy Historical Income Statement

Forum Energy Technologies Income Statement is one of the three primary financial statements used for reporting Forum's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Forum Energy Technologies revenue and expense. Forum Energy Income Statement primarily focuses on the company's revenues and expenses during a particular period.
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

Picking the right benchmark for Forum Energy stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Forum Energy stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Forum Energy is critical whether you are bullish or bearish towards Forum Energy Technologies at a given time. Please also check how Forum Energy's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Forum Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Forum Energy Corporate Directors

Forum Energy corporate directors refer to members of a Forum Energy board of directors. The board of directors generally takes responsibility for the Forum Energy's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Forum Energy's board members must vote for the resolution. The Forum Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Evelyn AngelleNon-Executive Independent DirectorProfile
Terence OTooleIndependent DirectorProfile
John SchmitzNon-Executive Independent DirectorProfile
Michael McShaneNon-Executive Lead Independent DirectorProfile

How to buy Forum Stock?

Before investing in Forum Energy, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Forum Energy. To buy Forum Energy stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Forum Energy. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Forum Energy stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Forum Energy Technologies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Forum Energy Technologies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Forum Energy Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Forum Stock please use our How to Invest in Forum Energy guide.

Already Invested in Forum Energy Technologies?

The danger of trading Forum Energy Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Forum Energy is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Forum Energy. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Forum Energy Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Forum Energy Technologies is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Forum Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Forum Energy Technologies Stock. Highlighted below are key reports to facilitate an investment decision about Forum Energy Technologies Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forum Energy Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Forum Energy Technologies information on this page should be used as a complementary analysis to other Forum Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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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.
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Is Forum Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forum Energy. If investors know Forum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forum Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.58)
Earnings Share
(1.85)
Revenue Per Share
72.353
Quarterly Revenue Growth
(0.03)
Return On Assets
0.0179
The market value of Forum Energy Technologies is measured differently than its book value, which is the value of Forum that is recorded on the company's balance sheet. Investors also form their own opinion of Forum Energy's value that differs from its market value or its book value, called intrinsic value, which is Forum Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forum Energy's market value can be influenced by many factors that don't directly affect Forum Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Forum Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Forum Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forum Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.