Forum Energy Technologies Overview

  • Year Founded
  • 2005

Year Founded

  • Status
  • Public

  • Employees
  • 1,600

Employees

  • Stock Symbol
  • FET

Stock Symbol

  • Investments
  • 36

  • Share Price
  • $18.61
  • (As of Friday Closing)

Forum Energy Technologies General Information

Description

Forum Energy Technologies Inc is a products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include 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 which is also its key revenue generating segment, 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 among others.

Contact Information

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

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Forum Energy Technologies Stock Performance

(As of Friday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$18.61 $18.48 $17.65 - $28.73 $229M 12.3M 30.9K -$2.35

Forum Energy Technologies Financials Summary

In Thousands,
USD
TTM 31-Mar-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022 FY 2021 31-Dec-2021
EV 391,466 381,009 425,338 309,691
Revenue 752,299 738,864 699,913 541,068
EBITDA 48,557 45,211 78,852 (7,824)
Net Income (25,705) (18,876) 3,712 (82,651)
Total Assets 1,021,389 821,061 834,757 791,336
Total Debt 347,350 192,203 304,536 267,975
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Forum Energy Technologies Valuation & Funding

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

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Forum Energy Technologies Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Forum Energy Technologies Inc is a products company, serving the oil, natural gas, industrial and renewable energy indus
Oil and Gas Equipment
Houston, TX
1,600 As of 2023
00.000
000000000 00.000

000 00

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000000000 (000)
Houston, TX
0000 As of 0000
00.000
000000000 00 00.000

000000

rud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis a
000 000 000 00000000
Wuhan, China
0000 As of 0000
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Forum Energy Technologies Competitors (15)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Oil States International Corporation Houston, TX 0000 00.000 000000000 00 00.000
Sinopec Oilfield Equipment Corporation Wuhan, China 0000
Natural Gas Services Group Corporation Midland, TX 000 00.00 00000000 00.00
CSI Compressco Corporate Backed or Acquired The Woodlands, TX 000 00000 000000&0 00000
Enerflex Corporate Backed or Acquired Calgary, Canada 0000 00000 000000000 00000
You’re viewing 5 of 15 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
US-20240035356-A1 Pump out stage cementing system Pending 26-Jul-2022 0000000000 0
US-20130264838-A1 Method and apparatus for attachment of a secondary tool handling device to a primary tool handling device Active 05-Apr-2012 000000000 0
US-8919841-B2 Method and apparatus for attachment of a secondary tool handling device to a primary tool handling device Inactive 05-Apr-2012 E21B19/06 0

Forum Energy Technologies Executive Team (12)

Name Title Board Seat Contact Info
Neal Lux Chief Executive Officer & Board Member
Lyle Williams Jr. Chief Financial Officer & Executive Vice President
John Schmitz Director
John Ivascu JD Executive Vice President & General Counsel, Legal
You’re viewing 4 of 12 executive team members. Get the full list »

Forum Energy Technologies Board Members (12)

Name Representing Role Since
0. 0000 Forum Energy Technologies Chief Executive Officer & Chairman 000 0000
000000 0000000 Forum Energy Technologies Board Member 000 0000
0000 000000 Forum Energy Technologies Board Member 000 0000
00000 0000000 Self Board Member 000 0000
0000000 0000000 Self Board Member 000 0000
You’re viewing 5 of 12 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

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Forum Energy Technologies Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Forum Energy Technologies Investments & Acquisitions (36)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Variperm Energy Services 04-Jan-2024 0000000000 00000 Oil and Gas Equipment 0000 000
Reach Production Solutions 01-Mar-2022 0000000000 Oil and Gas Equipment 0000 0000
Hawker Well Works 20-Dec-2021 0000000000 00.00 Other Commercial Products
Global Heat Transfer 05-Oct-2018 0000000000 000.00 Oil and Gas Equipment 00000 000
ESP Completion Technologies 02-Jul-2018 Merger/Acquisition 000 Electrical Equipment
You’re viewing 5 of 36 investments and acquisitions. Get the full list »

Forum Energy Technologies Subsidiaries (10)

Company Name Industry Location Founded
Houston Global Heat Transfer Building Products Humble, TX 2017
Forum Energy Services Oil and Gas Equipment Houston, TX 0000
Hawker Well Works Other Commercial Products Litchfield, MN 0000
Fet Holdings Distributors/Wholesale Houston, TX 0000
Wayne Wilk Oil and Gas Equipment Houston, TX 0000
You’re viewing 5 of 10 subsidiaries. Get the full list »

Forum Energy Technologies ESG

Risk Overview

Risk Rating

Updated January, 24, 2024

32.03 | High Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

00.00

Management

Management is related to actions taken to manage ESG issues

00.00

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

00 of 16,421

Rank

00.00

Percentile

Energy Services

Industry

00 of 114

Rank

00.00

Percentile

Oil & Gas Equipment

Subindustry

00 of 90

Rank

00.00

Percentile

To view Forum Energy Technologies’s complete esg history, request access »

Forum Energy Technologies Exits (3)

Company Name Exit Date Exit Type Exit Size Status Buyers
AMC Global Group 12-Jul-2011 0000000000 Completed
  • 2 buyers
Offshore Joint Services 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 »

Forum Energy Technologies FAQs

  • When was Forum Energy Technologies founded?

    Forum Energy Technologies was founded in 2005.

  • Who is the CEO of Forum Energy Technologies?

    Neal Lux is the CEO of Forum Energy Technologies.

  • Where is Forum Energy Technologies headquartered?

    Forum Energy Technologies is headquartered in Houston, TX.

  • What is the size of Forum Energy Technologies?

    Forum Energy Technologies has 1,600 total employees.

  • What industry is Forum Energy Technologies in?

    Forum Energy Technologies’s primary industry is Oil and Gas Equipment.

  • Is Forum Energy Technologies a private or public company?

    Forum Energy Technologies is a Public company.

  • What is Forum Energy Technologies’s stock symbol?

    The ticker symbol for Forum Energy Technologies is FET.

  • What is the current stock price of Forum Energy Technologies?

    As of 17-May-2024 the stock price of Forum Energy Technologies is $18.61.

  • What is the current market cap of Forum Energy Technologies?

    The current market capitalization of Forum Energy Technologies is $229M.

  • What is Forum Energy Technologies’s current revenue?

    The trailing twelve month revenue for Forum Energy Technologies is $752M.

  • Who are Forum Energy Technologies’s competitors?

    Oil States International, Sinopec Oilfield Equipment, Natural Gas Services Group, CSI Compressco, and Enerflex are some of the 15 competitors of Forum Energy Technologies.

  • What is Forum Energy Technologies’s annual earnings per share (EPS)?

    Forum Energy Technologies’s EPS for 12 months was -$2.35.

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