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Forum Energy Technologies, Inc is currently in a long term uptrend where the price is trading 29.4% above its 200 day moving average.
From a valuation standpoint, the stock is 97.5% cheaper than other stocks from the Energy sector with a price to sales ratio of 0.2.
Forum Energy Technologies, Inc's total revenue sank by 43.5% to $113M since the same quarter in the previous year.
Its net income has dropped by 162.7% to $-33M since the same quarter in the previous year.
Finally, its free cash flow fell by 91.9% to $2M since the same quarter in the previous year.
Based on the above factors, Forum Energy Technologies, Inc gets an overall score of 2/5.
Exchange | NYSE |
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CurrencyCode | USD |
ISIN | US34984V2097 |
Sector | Energy |
Industry | Oil & Gas Equipment & Services |
Market Cap | 188M |
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PE Ratio | None |
Target Price | 30 |
Beta | 1.74 |
Dividend Yield | None |
Forum Energy Technologies, Inc. designs, manufactures, and supplies products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through two segments, Drilling and Completions; and Artificial Lift and Downhole. The Drilling and Completions segment designs, manufactures, and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation, and intervention markets, including applications in oil and natural gas, renewable energy, defense, and communications industries. This segment also offers drilling capital equipment and consumable products; subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tooling, and technical services; hydraulic fracturing pumps, cooling systems, and high-pressure flexible hoses and flow iron; wireline cable and pressure control equipment; and coiled tubing strings and pressure control equipment, as well as coiled line pipe and related services. The Artificial Lift and Downhole Segment designs, manufactures, and supplies products and solutions for the artificial lift, well construction, production, and infrastructure markets. This segment also offers products designed to safeguard artificial lift equipment and downhole cables; well construction casing and cementing equipment; customized downhole technology solutions, which provides sand and flow control products for heavy oil applications; engineered process systems, production equipment, and separation equipment; and a range of industrial valves. It sells its products through distributors to drilling rig contractors, offshore service companies, governmental organizations, and oil and gas operators and producers. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.
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