Added to YB: 2025-05-14
Pitch date: 2025-05-12
FET [neutral]
Forum Energy Technologies, Inc.
+119.34%
current return
Author Info
Company Info
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.
Market Cap
$343.3M
Pitch Price
$15.72
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.63
P/E
-3.19
EV/Sales
0.68
Sector
Energy Equipment and Services
Category
turnaround
Earnings Update Q1 2025; Forum Energy Technologies $FET
FET (earnings update): Oil-linked equipment maker facing near-term headwinds from rig count slowdown. Guiding strong Q2 but weak Q3 2025, with $40-60M FCF (22-33% yield) mainly from inventory reduction. Breakeven ops pose GAAP loss risk. Domestic steel up 30% affecting costs; valve segment hit by China tariffs. Bright spot: subsea category growing. Started buybacks (1% of float); 50% FCF to reduce debt, 50% for buybacks/acquisitions. Long-term tailwind: gassier shale wells require more frequent consumables.
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