Forum Energy Technologies Inc FET

Morningstar Rating
$49.67 +1.08 (2.22%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

FET is trading at a LOCK|D<n>$ premium.
Price
$49.67
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation

News

Trading Information

Previous Close Price
$48.59
Day Range
$48.2749.69
52-Week Range
$18.1265.43
Bid/Ask
$40.76 / $50.25
Shares Outstanding
11.30M
Market Cap
$561.48M
Volume/Avg
100,142 / 167,465

Key Statistics

Price/Earnings (Normalized)
45.27
Price/Sales
0.69
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
6.62%

Company Profile

Forum Energy Technologies Inc is a manufacturing company serving the oil, natural gas, industrial, and renewable energy industries. 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. The company operates in two reportable segments: Drilling and Completions, and Artificial Lift and Downhole. Maximum revenue is generated from the Drilling and Completions segment, which offers products used in the drilling process, and other products like hydraulic fracturing pumps, ROVs and trenchers, submarine rescue vehicles, etc. Geographically, the firm generates maximum revenue from the U.S., followed by Canada, Middle East, Europe and Africa, Asia-Pacific, and Latin America.
Sector
Energy
Industry
Oil & Gas Equipment & Services
Stock Style Box
Small Value
Total Number of Employees
1,700

Valuation

Metric
FET
Price/Earnings (Normalized)
45.27
Price/Book Value
1.91
Price/Sales
0.69
Price/Cash Flow
9.66
Price/Earnings
FET

Financial Strength

Metric
FET
Quick Ratio
0.99
Current Ratio
2.23
Interest Coverage
2.09
Quick Ratio
FET

Profitability

Metric
FET
Return on Assets (Normalized)
1.61%
Return on Equity (Normalized)
4.10%
Return on Invested Capital (Normalized)
4.88%
Return on Assets
FET

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