Forum Energy Technologies Overview

  • Founded
  • 2005

Founded
  • Status
  • Public

  • Employees
  • 1,400

Employees
  • Stock Symbol
  • FET

Stock Symbol
  • Investments
  • 35

  • Share Price
  • $26.24

  • (As of Friday Closing)

Forum Energy Technologies General Information

Description

Forum Energy Technologies Inc is a global products company, serving the drilling, downhole, subsea, completions, and production sectors of the energy industry. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include highly engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors, inserts, and dies.

Contact Information

Website
www.f-e-t.com
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Oil and Gas Equipment
Stock Exchange
NYS
Primary Office
  • 10344 Sam Houston Park Drive
  • Suite 300
  • Houston, TX 77064
  • United States
+1 (713) 000-0000

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Forum Energy Technologies Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$26.24 $25.42 $14.71 - $26.51 $145M 5.72M 31K

Forum Energy Technologies Financials Summary

In Thousands,
USD
TTM 30-Jun-2022 FY 2021 31-Dec-2021 FY 2020 31-Dec-2020 FY 2019 31-Dec-2019
EV 358,899 309,691 383,947 609,426
Revenue 541,068 512,476 956,533
EBITDA (7,824) (28,502) (474,012)
Net Income (82,651) (96,889) (567,057)
Total Assets 791,336 889,926 1,159,997
Total Debt 267,975 339,231 449,517
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Forum Energy Technologies Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

This information is available in the PitchBook Platform. To explore Forum Energy Technologies‘s full profile, request access.

Request a free trial

Forum Energy Technologies Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Forum Energy Technologies Inc is a global products company, serving the drilling, downhole, subsea, completions, and pro
Oil and Gas Equipment
Houston, TX
1,400 As of 2021
00000
000000 - 000 00000

000000

t, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis
000 000 000 000000000
Houston, TX
00000 As of 0000
0000
00000000000 0000

000000

voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non p
000 000 000 000000000
Wuhan, China
0000 As of 0000
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Forum Energy Technologies Competitors (26)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
National Oilwell Varco Formerly PE-Backed Houston, TX 00000 0000 00000000000 0000
0000000 00000000 0 Corporation Wuhan, China 0000
000000 (000 000 00 Formerly PE-Backed Denver, CO 000 000000&0
0000000 000 000000 Corporation Midland, TX 000
0000 0000 00000 Corporation Aberdeen, United Kingdom 00000 00000000
You’re viewing 5 of 26 competitors. Get the full list »

Forum Energy Technologies Patents

Forum Energy Technologies Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
AU-2015213892-A1 Torque tool, motor assembly, and methods of use Granted 05-Feb-2014 0000000000
AU-2015213892-B2 Torque tool, motor assembly, and methods of use Ceased 05-Feb-2014 0000000000 0
GB-201401998-D0 Torque tool,motor assembly and methods of use Ceased 05-Feb-2014 0000000000
EP-3105013-A2 Torque tool, motor assembly, and methods of use Granted 05-Feb-2014 0000000000
EP-3105013-B1 Torque tool, motor assembly, and methods of use Not-In-Force 05-Feb-2014 B25B23/145 0
To view Forum Energy Technologies’s complete patent history, request access »

Forum Energy Technologies Executive Team (11)

Name Title Board Seat Contact Info
Neal Lux Chief Executive Officer & Board Member
D. Lyle Williams Jr. Chief Financial Officer & Executive Vice President
John Ivascu JD Executive Vice President & General Counsel, Legal
You’re viewing 3 of 11 executive team members. Get the full list »

Forum Energy Technologies Board Members (15)

Name Representing Role Since
0. 0000 Forum Energy Technologies Chief Executive Officer & Chairman 000 0000
00000 0000000 SCF Partners Board Member 000 0000
000000 0000000 Forum Energy Technologies Board Member 000 0000
0000 000000 Forum Energy Technologies Board Member 000 0000
0000 0000000 Self Board Member 000 0000
You’re viewing 5 of 15 board members. Get the full list »

Forum Energy Technologies Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Forum Energy Technologies Investments & Acquisitions (35)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
00000 0000000 01-Mar-2022 0000000000 Oil and Gas Equipment 0. 0000 0
000000 0000 0 01-Dec-2021 0000000000 00.00 Oil and Gas Equipment
000000 0000 0 05-Oct-2018 0000000000 000.00 Oil and Gas Equipment 00000 000
000 000000000 02-Jul-2018 0000000000 000 Machinery (B2B)
Global Tubing 02-Oct-2017 Merger/Acquisition 00000 Energy Infrastructure 00000 000
You’re viewing 5 of 35 investments and acquisitions. Get the full list »

Forum Energy Technologies Subsidiaries (3)

Company Name Industry Location Founded
Hawker Well Works Oil and Gas Equipment Litchfield, MN 2012
000000 000000 Energy Infrastructure Dayton, TX 0000
000000 000000 Industrial Supplies and Parts Stafford, TX 0000
To view Forum Energy Technologies’s complete subsidiaries history, request access »

Forum Energy Technologies Exits (2)

Company Name Exit Date Exit Type Exit Size Status Buyers
00000000 00000 000 03-Aug-2010 0000000000 Completed
  • 2 buyers
Tri-Point Energy Services 17-Oct-2007 Buyout/LBO 0000 Completed
  • 2 buyers
To view Forum Energy Technologies’s complete exits history, request access »