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Forum Energy Technologies (FET)

(Delayed Data from NYSE)

$19.39 USD

19.39
21,871

-0.06 (-0.31%)

Updated Apr 25, 2024 04:00 PM ET

After-Market: $19.40 +0.01 (0.05%) 7:00 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value A Growth B Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 22% (55 out of 251)

Industry: Oil and Gas - Mechanical and and Equipment

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Better trading starts here.

Balance Sheet

Research for FET

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Forum Energy Technologies, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 46 51 47 129 58
Receivables 147 154 124 81 154
Notes Receivable 0 0 0 0 0
Inventories 300 270 242 252 415
Other Current Assets 37 38 34 29 39
Total Current Assets 530 513 447 490 666
Net Property & Equipment 61 63 94 114 155
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 2 1 2 0 2
Intangibles 168 191 217 240 272
Deposits & Other Assets 5 9 6 14 16
Total Assets 821 835 791 890 1,160
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 126 118 99 46 99
Current Portion Long-Term Debt 1 1 1 1 1
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 62 77 58 68 87
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 15 15 17 10 11
Total Current Liabilities 204 210 176 125 197
Mortgages 0 0 0 0 0
Deferred Taxes/Income 1 1 1 2 2
Convertible Debt 0 0 0 0 0
Long-Term Debt 130 239 232 293 399
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 12 13 19 19 26
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 408 528 462 484 674
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 1
Capital Surplus 1,369 1,254 1,250 1,243 1,232
Retained Earnings -699 -681 -684 -602 -503
Other Equity -115 -127 -101 -100 -109
Treasury Stock 142 139 136 135 134
Total Shareholder's Equity 413 307 329 406 486
Total Liabilities & Shareholder's Equity 821 835 791 890 1,160
Total Common Equity 413 307 329 406 486
Shares Outstanding 10.10 5.60 5.60 5.50 5.50
Book Value Per Share 40.85 54.83 58.77 73.86 88.37

Fiscal Year End for Forum Energy Technologies, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 46 37 25 47
Receivables NA 147 158 169 164
Notes Receivable NA 0 0 0 0
Inventories NA 300 302 302 288
Other Current Assets NA 37 34 41 38
Total Current Assets NA 530 531 538 537
Net Property & Equipment NA 61 61 62 63
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 2 1 2 1
Intangibles NA 168 173 180 186
Deposits & Other Assets NA 5 5 6 7
Total Assets NA 821 829 844 850
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 126 124 137 130
Current Portion Long-Term Debt NA 1 1 1 1
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 62 64 58 59
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 15 19 14 14
Total Current Liabilities NA 204 208 210 204
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 1 1 2 1
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 130 129 138 152
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 11 11 12
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 408 412 424 433
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 1,369 1,368 1,367 1,366
Retained Earnings NA -699 -683 -691 -684
Other Equity NA -115 -126 -116 -123
Treasury Stock NA 142 142 142 142
Total Shareholder's Equity NA 413 417 419 417
Total Liabilities & Shareholder's Equity NA 821 829 844 850
Total Common Equity 0 413 417 419 417
Shares Outstanding 12.20 10.10 10.10 10.10 10.10
Book Value Per Share 0.00 40.85 41.30 41.51 41.27