Forum Energy Technologies, Inc. (FET)
Forum Energy Technologies, Inc. (FET) is a global provider of equipment and services to the energy industry, focusing on the upstream oil and gas sector. The company offers products used in drilling, completion, production, and subsea applications, along with related services. Headquartered in Houston, Texas, FET serves drilling contractors, oil and gas operators, and service companies worldwide, emphasizing innovation and quality in its specialized equipment.
Company News
Forum Energy Technologies reported Q2 2025 earnings with GAAP EPS of $0.61, beating analyst expectations, but adjusted EPS showed a net loss of $0.10. Revenue was $199.8 million, down 2.6% year-over-year, with increased order intake and a strong backlog.
The global remote operated vehicle (ROV) market is projected to grow from USD 2.05 billion in 2024 to USD 5.56 billion by 2034, driven by increasing underwater exploration, offshore infrastructure maintenance, and defense applications.
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in...
Forum Energy (FET) delivered earnings and revenue surprises of -69.17% and -6.00%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
