Forum Energy Technologies Inc

Approximately 53% of the analysts tracking Forum Energy Technologies recommended a “buy,” ~39% recommended a “hold,” and the rest recommended a “sell.”

In this part, we’ll compare the implied volatility of the worst OFS (oilfield services and equipment) companies by expected earnings growth for 3Q16.

SPN’s net debt-to-adjusted trailing-12-month EBITDA (earnings before interest, tax, depreciation, and amortization) shot up in 2Q16.

In this article, we’ll analyze how Baker Hughes’s (BHI) operating cash flows trended over the past few quarters.

A steeper earnings decline compared to the decline in its share price caused Halliburton’s (HAL) PE multiple to expand in 2015.

Between July and September 2016, the EIA expects natural gas production to fall at six key US shales.

From September 2011 to August 2016, US crude production has risen by 46% to ~8.5 million barrels per day. Production reached a multiyear high in June 2015.

Approximately 33% of analysts tracking Forum Energy Technologies have rated it as a “buy” or some equivalent.

Forum Energy Technologies’ (FET) short interest as a percentage of its float is 15.2% as of July 12, 2016, compared to 15.9% as of March 31.

All of Forum Energy Technologies’ segments witnessed revenue falls in 1Q16 compared to 1Q15.

Analysts expect adjusted earnings per share (or EPS) of -$0.26 for Forum Energy Technologies (FET) in 2Q16.

Superior Energy Services’ debt to equity multiple (or leverage) is higher than peers’. A higher multiple could indicate increased credit risk.

SPN’s sources and requirements for funds Superior Energy Services’ (SPN) internal cash generation hasn’t been adequate to cover its external obligations. In fiscal 2015, SPN’s internal source of funds as a percentage of external funds requirement was 29%. Its internal source of funds is expressed as free cash flow plus cash and marketable securities. External fund requirements […]

Schlumberger (SLB) is the largest company in the OFS (oilfield equipment & service) industry by market capitalization.

Patterson-UTI Energy’s (PTEN) internal cash generation has not been adequate to cover its external obligations.

CLB’s internal cash generation hasn’t been adequate. In 2015, its internal sources of funds as a percentage of external fund requirements was 37%.

FMC Technologies’ cash from operating activities fell in 1Q16 compared to 1Q15. During this period, its operating cash flow fell by 38% to $109 million.

The EIA estimates that the Permian Basin’s crude oil production amounted to ~2.0 MMbpd in May 2016—marginally down from April 2016.

Forum Energy Technologies’ (FET) price-to-earnings (or PE) multiple rose sharply in fiscal 2015.

Forum Energy Technologies’ (FET) net debt to TTM (or trailing-12-month) EBITDA (earnings before interest, tax, depreciation, and amortization) has been trending up between 3Q14 until 3Q15.

In 12 out of the past 13 quarters until 1Q16, Forum Energy Technologies generated positive FCF.

On May 16, Forum Energy Technologies was trading at $16.18, up 30% from its price at the beginning of 2016.

Weatherford International’s cash from operating activities (or CFO) was negative in 1Q16 and deteriorated over 1Q15. WFT generated -$205 million in CFO in 4Q15.

Approximately 38% of analysts tracking Forum Energy Technologies rate it a “buy” or some equivalent. About 57% rate the company a “hold” or an equivalent. Only 5% of the analysts tracking FET recommended a “sell.”

In the past year, Forum Energy Technologies’ (FET) stock has returned -27% (net of dividends) until April 29.

Forum Energy Technologies (FET) released its 1Q16 financial results on April 28. The company recorded total revenues of ~$159.4 million in 1Q16, down ~54% from $348.1 million recorded in 1Q15.

FMC Technologies’ Subsea Technologies segment’s revenue for 2016 is expected to be ~$3.6 billion, a fall of 20% from 2015.

In 2015, Schlumberger spent approximately $500 million on technology acquisitions. Schlumberger’s management thinks that this step can increase efficiency and result in cost savings going forward.

The EIA estimates that the Permian Basin’s crude oil production amounted to ~2.0 MMbpd in March 2016—0.6% higher than production one month previously.

NOV’s enterprise value, when scaled by trailing-12-month adjusted EBITDA, is lower than the peer average.

Patterson-UTI Energy’s share price is gathering some momentum as Market expectations show some recovery in crude oil prices.

The EIA estimates that the Permian Basin’s crude oil production amounted to ~2.0 MMbpd (million barrels per day) in February 2016.

Forum Energy Technologies’ valuation of 81.1x is higher than its peer average. Its forward PE multiple isn’t available, reflecting expected loss for FET in the next four quarters.

Forum Energy’s net debt-to-TTM-EBITDA ratio decreased gradually from fiscal 3Q13 to F3Q14. During this period, total debt decreased 21%, and cash and marketable securities more than doubled.

Forum Energy Technologies (FET) management expects 10%–15% lower fiscal 1Q16 revenue compared to fiscal 4Q15 due to lower energy prices and a lower upstream drilling budget.

Forum Energy Technologies (FET) management expects its revenue and operating margin to decline in fiscal 1Q16. Wall Street analysts have varied opinions about FET’s target prices.

On March 3, 2016, Forum Energy Technologies was trading at $12.80, a 35% fall from its price a year ago. Its share price has been trending downward since May 2015.