28-Mar-2024
FET, VTNR among major energy gainers
Seeking Alpha News (Thu, 28-Mar 2:16 PM ET)
Forum Energy files to sell 1.95M shares of common stock for holders
Seeking Alpha News (Wed, 27-Mar 5:40 PM ET)
Forum Energy Technologies Announces Fourth Quarter and Full Year 2023 Results and Outlook
Business Wire (Thu, 29-Feb 4:42 PM ET)
Forum Energy Technologies Reschedules Fourth Quarter and Full Year 2023 Earnings Conference Call
Business Wire (Wed, 28-Feb 5:30 PM ET)
Business Wire (Mon, 19-Feb 8:12 PM ET)
Business Wire (Tue, 23-Jan 4:56 PM ET)
Forum Energy Technologies to Present at the Sidoti Virtual Investor Conference
Business Wire (Tue, 16-Jan 8:29 AM ET)
Presenting on Emerging Growth Conference 66 Day 2 on January 11 Register to Stream
Globe Newswire (Wed, 10-Jan 7:00 AM ET)
Presenting on the Emerging Growth Conference 66 Day 1 on January 10 Register Now
Globe Newswire (Tue, 9-Jan 7:00 AM ET)
Forum Energy Technologies Completes Acquisition of Variperm Energy Services
Business Wire (Fri, 5-Jan 8:29 AM ET)
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.
Forum Energy Technologies trades on the NYSE stock market under the symbol FET.
As of March 28, 2024, FET stock price climbed to $19.98 with 35,269 million shares trading.
FET has a beta of 1.39, meaning it tends to be more sensitive to market movements. FET has a correlation of 0.17 to the broad based SPY ETF.
FET has a market cap of $245.43 million. This is considered a Small Cap stock.
In the last 3 years, FET stock traded as high as $33.84 and as low as $14.71.
The top ETF exchange traded funds that FET belongs to (by Net Assets): VTI, IWM, VXF, IWN, DFAT.
FET has underperformed the market in the last year with a return of -16.6%, while the SPY ETF gained +33.6%. In the last 3 month period, FET fell short of the market, returning -12.6%, while SPY returned +10.1%. However, in the most recent 2 weeks FET has outperformed the stock market by returning +9.5%, while SPY returned +1.7%.
FET support price is $18.26 and resistance is $19.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FET stock will trade within this expected range on the day.