Forum Energy Technologies Inc. (1FE1)
XFRA 
Summary
1FE1 Chart
Is Forum Energy Technologies (FET) Stock Outpacing Its Oils-Energy Peers This Year?
Here is how Forum Energy Technologies (FET) and National Energy Services Reunited (NESR) have performed compared to their sector so far this year.
Should Investors Buy FET Stock After Its Massive 207% One-Year Run?
Forum Energy's 207% one-year rally is backed by surging 2026 earnings estimates, market share gains, operating leverage and a stronger balance sheet.
Forum Energy Technologies Targets $1.6B Revenue by 2030 in Five-Year Growth Plan
Forum Energy Technologies NYSE: FET outlined a five-year growth strategy centered on market-share gains, international expansion, product innovation and capital allocation, while CEO Neal Lux said the company expects continued demand for equipment that improves energy-production efficiency.
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Forum Energy Technologies Inc. Profile
| Energy Equipment & Services Industry | Energy Sector | Neal A. Lux CEO | XFRA Exchange | 34984V209 CUSIP |
| US Country | 1,700 Employees | 10 Nov 2020 Last Dividend | 10 Nov 2020 Last Split | 12 Apr 2012 IPO Date |
Overview
Forum Energy Technologies, Inc. is a prominent entity that operates in the energy sector, catering to the oil, natural gas, industrial, and renewable energy industries both within the United States and on a global scale. Distinguished by its capacity to design, manufacture, and distribute a broad range of products, Forum Energy Technologies plays a crucial role across various segments of the energy sector. Its operations are streamlined into three key segments: Drilling & Downhole, Completions, and Production, each tailored to meet the specialized needs of drilling, well construction, artificial lift, subsea energy construction, and services markets. The company's evolution saw it transitioning from Forum Oilfield Technologies, Inc. to Forum Energy Technologies, Inc. in August 2010, marking its commitment to a broader spectrum of energy markets. Established in 2005 and with its headquarters in Houston, Texas, Forum Energy Technologies has cemented its presence as a vital player in the energy industry.
Products and Services
- Drilling & Downhole:
This segment is instrumental in offering a variety of products and services tailored to drilling, well construction, artificial lift, and subsea energy construction and services markets. It encompasses drilling technologies with capital equipment and consumable products, casing and cementing equipment for well construction, artificial lift equipment and cables, and subsea assets like remotely operated vehicles and trenchers, alongside specialized equipment for defense and communications applications.
- Completions:
Geared towards enhancing the efficiency and safety of hydraulic fracturing and well completion interventions, this segment delivers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron. Moreover, it provides wireline cable and pressure control equipment designed for well completion and intervention services, as well as coiled tubing strings, coiled line pipe, and associated services, empowering operators to maintain high operational standards during completion processes.
- Production:
This division focuses on the manufacture and supply of products designed to optimize production and manage infrastructure. It offers engineered process systems, production equipment, specialty separation equipment, and a range of industrial valves. These products and services cater to a diverse clientele including oil and natural gas customers, power generation, renewable energy sectors, and general industrial applications, showcasing Forum Energy Technologies’ versatility and commitment to supporting the entire lifecycle of energy production and management.
