(FET) Forum Energy Technologies - Ratings and Ratios

Forum Energy Technologies, Inc. (NYSE:FET), a leader in energy technology, designs, manufactures, and distributes innovative products for the oil, natural gas, industrial, and renewable energy sectors globally. The company operates through three distinct segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment offers capital equipment and consumables for drilling processes, including drill bits and mud pumps, serving markets in oil, natural gas, renewable energy, defense, and communications. This segment also provides well construction equipment, artificial lift systems, and subsea solutions including remotely operated vehicles and technical services. The Completions segment specializes in hydraulic fracturing equipment crucial for shale gas extraction, along with wireline and pressure control equipment for well interventions. The Production segment delivers engineered process systems and industrial valves, essential for oil, gas, and renewable energy applications. Committed to renewable energy, Forum Energy Technologies supports diverse industrial needs beyond traditional energy sectors.

Originally known as Forum Oilfield Technologies, Inc., the company rebranded in 2010 to reflect its expanded scope. Headquartered in Houston, Texas, and incorporated in 2005, Forum Energy Technologies has established a strong global presence with subsidiaries and partnerships enhancing its market reach and innovation capabilities.

Ticker Symbol: FET
Exchange: NYSE
Type: common stock
Country Origin: United States
GICS Sub Industry: Oil & Gas Equipment & Services
Web URL: https://www.f-e-t.com

Based on the provided data, the three-month forecast for Forum Energy Technologies, Inc. (NYSE:FET) suggests a cautious outlook. The stocks technical indicators show it trading above its 20 and 50-day moving averages at 18.30 and 17.39, respectively, but below the 200-day average of 16.56, indicating potential short-term strength amidst long-term challenges. The Average True Range (ATR) of 0.71 signals moderate volatility. Fundamentally, the companys market cap of 229.21M USD and forward P/E of 9.32 suggest reasonable valuation, though the negative Return on Equity (RoE) of -42.32 raises profitability concerns. The Price-to-Book (P/B) ratio of 0.72 indicates undervaluation, while the low Price-to-Sales (P/S) of 0.28 reflects a cheap revenue multiple. Considering these factors, the stock may experience a sideways trend with possible downside risks, making it a cautious investment despite attractive valuations.