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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

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GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

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» FET's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q1 2016

FET Guru Trades in Q1 2016

Steven Cohen 568,800 sh (+355.04%)
Chuck Royce 313,719 sh (+53.09%)
T Boone Pickens 497,576 sh (+19.06%)
Barrow, Hanley, Mewhinney & Strauss Sold Out
» More
Q2 2016

FET Guru Trades in Q2 2016

Chuck Royce 313,719 sh (unchged)
Steven Cohen Sold Out
T Boone Pickens 487,743 sh (-1.98%)
» More
Q3 2016

FET Guru Trades in Q3 2016

Steven Cohen 447,800 sh (New)
Ron Baron 74,900 sh (New)
Pioneer Investments 201,074 sh (New)
Chuck Royce 313,719 sh (unchged)
T Boone Pickens 487,743 sh (unchged)
» More
Q4 2016

FET Guru Trades in Q4 2016

Paul Tudor Jones 78,899 sh (New)
Pioneer Investments 291,474 sh (+44.96%)
T Boone Pickens 487,743 sh (unchged)
Ron Baron 73,900 sh (-1.34%)
Steven Cohen 335,065 sh (-25.18%)
Chuck Royce 229,319 sh (-26.90%)
» More
» Details

Insider Trades

Latest Guru Trades with FET

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Business Description

Industry: Oil & Gas - Services » Oil & Gas Equipment & Services    NAICS: 333999    SIC: 3533
Compare:NYSE:MDR, NYSE:MRC, OTCPK:WYGPF, OTCPK:SAWLF, NYSE:OIS, AMEX:SYRG, NYSE:DNOW, NYSE:AMFW, NYSE:PDS, OTCPK:TGSNF, NYSE:DRQ, OTCPK:SECYF, NYSE:SPN, OTCPK:ENRFF, OTCPK:PSYTF, NYSE:CKH, NAS:APLP, NYSE:OII, NYSE:FMSA, NYSE:EXTN » details
Traded in other countries:1FE.Germany,
Forum Energy Technologies Inc is an oilfield products company serving the subsea, drilling, completion, production & process sectors of oil & natural gas industry. It designs, manufactures & distributes products & engages in aftermarket services.

Forum Energy Technologies Inc, a Delaware corporation incorporated in 2005. It's an oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. It design, manufacture and distribute products and engage in aftermarket services, parts supply and related services that complement its product offering. The Company's product offering includes a mix of engineered capital products and frequently replaced items that are used in the exploration, development, production and transportation of oil and natural gas. Its capital products are targeted at: drilling rig equipment for new rigs, upgrades and refurbishment projects; subsea construction and development projects; the placement of production equipment on new producing wells; and downstream capital projects. Its engineered systems are critical components used on drilling rigs or in the course of subsea operations, while its consumable products are used to maintain efficient and safe operations at well sites in the well construction process, within the supporting infrastructure and at processing centers and refineries. The Company operates two business segments, Drilling & Subsea and Production & Infrastructure. In Drilling & Subsea segment, it design and manufacture products and provide related services to the subsea construction, drilling, well construction, completion and intervention markets. Through this segment, it offers subsea technologies, including robotic vehicles and other capital equipment, specialty components and tooling, a broad suite of complementary subsea technical services and rental items, and applied products for subsea pipelines; drilling technologies, including capital equipment and a broad line of products consumed in the drilling and well intervention process; and downhole technologies, including cementing and casing tools, completion products, and a range of downhole protection solutions. In Production & Infrastructure segment, the Company design and manufacture products and provide related equipment and services to the well stimulation, completion, production and infrastructure markets. Through this segment, it supply flow equipment, including well stimulation consumable products and related recertification and refurbishment services; production equipment, including well site production equipment and process equipment; and valve solutions, which includes various industrial and process valves. The Company's brands include Perry and Sub-Atlantic (ROVs); Blohm + Voss Oil Tools, P-Quip, Dynacon (LARS and winches); and Davis-Lynch, Cannon and Merrimac (downhole products). Its competitors include Cameron International Corporation, Exterran Holdings, Inc., FMC Technologies, Inc. and Weir SPM, a subsidiary of The Weir Group PLC. The Company is subject to a number of federal and state laws and regulations, including the federal Occupational Safety and Health Act and comparable state statu

Guru Investment Theses on Forum Energy Technologies Inc

Baron Energy and Resources Fund Comments on Forum Energy Technologies - Nov 21, 2016

Forum Energy Technologies (NYSE:FET) is a U.S.-based oilfield equipment manufacturing company that we think will benefit significantly from the pending upturn in drilling and well completion activity in the U.S. and Canada. It is our opinion that the long downturn in drilling and completion activity came to an end in the second quarter of this year and we expect to see rising levels of activity into year end and throughout 2017. Many of Forum’s products are critical consumable components that are used during the well completion and hydraulic fracturing process, and some of its capital equipment products are in high demand as customers seek to upgrade and refurbish equipment that has either been idled or cannibalized for parts. We believe that industry inventories of these products have been depleted in the past two years, which should lead to a quicker turnaround in Forum’s business than in other oilfield equipment and service business, which are still dealing with capacity and inventory overhangs. Not only are we interested in Forum because of the likelihood that its business is one of the first responders to an upturn in activity, but we have been impressed with the cost cutting and organizational restructuring management completed in the past two years to strengthen the company and improve its mid-cycle margins.



From Baron Energy and Resources third quarter 2016 commentary.



Check out Ron Baron latest stock trades

Top Ranked Articles about Forum Energy Technologies Inc

Baron Energy and Resources Fund Comments on Forum Energy Technologies Guru stock highlight
Forum Energy Technologies (NYSE:FET) is a U.S.-based oilfield equipment manufacturing company that we think will benefit significantly from the pending upturn in drilling and well completion activity in the U.S. and Canada. It is our opinion that the long downturn in drilling and completion activity came to an end in the second quarter of this year and we expect to see rising levels of activity into year end and throughout 2017. Many of Forum’s products are critical consumable components that are used during the well completion and hydraulic fracturing process, and some of its capital equipment products are in high demand as customers seek to upgrade and refurbish equipment that has either been idled or cannibalized for parts. We believe that industry inventories of these products have been depleted in the past two years, which should lead to a quicker turnaround in Forum’s business than in other oilfield equipment and service business, which are still dealing with capacity and inventory overhangs. Not only are we interested in Forum because of the likelihood that its business is one of the first responders to an upturn in activity, Read more...

Ratios

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Buy Back

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Yield on cost (5-Year) 3.70
FET's Yield on cost (5-Year) is ranked lower than
59% of the 297 Companies
in the Global Oil & Gas Equipment & Services industry.

( Industry Median: 4.45 vs. FET: 3.70 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
FET' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0
Current: 3.7

Valuation & Return

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More Statistics

Revenue (TTM) (Mil) $587.5
EPS (TTM) $ -0.90
Beta1.82
Short Percentage of Float27.34%
52-Week Range $9.02 - 26.25
Shares Outstanding (Mil)95.46

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 779 1,058 1,315
EPS ($) -0.28 0.71 1.45
EPS w/o NRI ($) -0.28 0.71 1.45
EPS Growth Rate
(3Y to 5Y Estimate)
25.00%
Dividends Per Share ($)
» More Articles for FET

Headlines

Articles On GuruFocus.com
Baron Energy and Resources Fund Comments on Forum Energy Technologies Nov 21 2016 
Restructured National Oilwell Is a Good Value Investment Aug 29 2014 
Baron Funds Comments on Forum Energy Technologies Inc. Dec 10 2013 
Weekly CFO Sells Highlight: PFPT, VRSK, FET, DSW, MGLN Jul 14 2013 
Baron Funds Comments on Forum Energy Technologies Aug 23 2012 

More From Other Websites
Forum Energy Technologies Announces CEO Succession Feb 20 2017
Forum Energy Technologies, Inc. :FET-US: Earnings Analysis: 2016 By the Numbers : February 14, 2017 Feb 14 2017
Forum Energy Technologies, Inc. :FET-US: Earnings Analysis: Q4, 2016 By the Numbers : February 13,... Feb 13 2017
Edited Transcript of FET earnings conference call or presentation 10-Feb-17 3:00pm GMT Feb 10 2017
Forum Energy Technologies Inc Earnings Call scheduled for 10:00 am ET today Feb 10 2017
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Results of Operations and Financial Condition Feb 10 2017
Forum Energy reports 4Q loss Feb 10 2017
Forum Energy reports 4Q loss Feb 10 2017
Forum Energy Technologies Announces Fourth Quarter and Full Year 2016 Results Feb 09 2017
Q4 2016 Forum Energy Technologies Inc Earnings Release - After Market Close Feb 09 2017
Forum Energy Technologies, Inc. – Value Analysis (NYSE:FET) : January 27, 2017 Jan 27 2017
Forum Energy Technologies, Inc. breached its 50 day moving average in a Bullish Manner : FET-US :... Jan 26 2017
Forum Energy Technologies Announces Timing of Fourth Quarter 2016 Earnings Release and Conference... Jan 10 2017
Forum Energy Technologies Acquires Cooper Valves and Innovative Valve Components Jan 09 2017
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement,... Dec 13 2016
Is RBC Bearings Incorporated (ROLL) A Good Stock to Buy? Dec 13 2016
Forum Energy Technologies Announces Amendment to Revolving Credit Facility Dec 12 2016
FORUM ENERGY TECHNOLOGIES, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits Dec 08 2016
Forum Energy Technologies Announces Pricing of Public Offering of Common Stock Dec 05 2016
Forum Energy Technologies Announces Public Offering of Common Stock Dec 05 2016

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