Forum Energy Technologies, Inc. Overview
Industry: Oil & Gas Equipment & Services
Sector: Energy
Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling process; well construction casing and cementing equipment, and protection products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and complementary subsea technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping, hydraulic fracturing and flowback services markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe. The Production segment designs, manufactures, and supplies products, and provides related equipment and services for production and infrastructure markets. This segment offers engineered process systems, production equipment, specialty separation equipment, and various industrial valves for oil and natural gas customers, power generation, renewable energy, and other general industrial applications. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. The company was incorporated in 2005 and is headquartered in Houston, Texas. Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Dow Read MoreForum Energy Technologies, Inc. is evaluated based on the investment philosophy and approach to stock market investing developed by renowned investor Warren Buffett. Companies with high ratings typically exhibit growing earnings, a substantial profit margin, conservative leverage, a consistently high return on equity, and a sustained practice of repurchasing their shares over the years.
Forum Energy Technologies, Inc.
Score
Recent News
Earnings Per Share
Score 3.00/5
Forum Energy Technologies, Inc. boasts a high score, as its Earnings Per Share (EPS) has demonstrated consistent growth over the past six years. Notable counterparts in the sector with high scores includes
VALVOLINE INC
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
In
Oil & Gas Equipment & Services industry
, Profire Ene
, Archrock
, ChampionX Corp
are companies with high ratings.
Return on Equity
Score 0.66/5
Forum Energy Technologies, Inc. exhibits a lower score in the Return on Equity (ROE) section, falling below the sector median value and indicating a comparatively weaker performance in this metric. The top companies in the same sector include
VALVOLINE INC
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
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, Profire Ene
, Archrock
, ChampionX Corp
are companies with high ratings.
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Net Margin
Score 1.04/5
Forum Energy Technologies, Inc.
olds a low score as its net margin consistently trails below the sector median value and doesn't exhibit continuous growth over the last six years; notable companies in the sector with commendable scores include
VALVOLINE INC
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
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, Profire Ene
, Archrock
, ChampionX Corp
are companies with high ratings.
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Leverage
Score 2.46/5
Forum Energy Technologies, Inc.
registers a lower score in the category as a result of its elevated leverage ratio over the past six years compared to the sector median value. Conversely, other companies in the same sector, including
VALVOLINE INC
Texas Pacific Land Corp
ENTERPRISE PRODUCTS PARTNERS L.P.
have achieved high scores.
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In
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, Profire Ene
, Archrock
, ChampionX Corp
are companies with high ratings.
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