Forum Energy Technologies Inc

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  • uploads///Internal versus External
    Company & Industry Overviews

    Is Core Laboratories Meeting Its Fund Obligations Internally?

    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%.

    By Alex Chamberlin
  • uploads///RV
    Company & Industry Overviews

    Truly Superior? Comparing Superior Energy Services to Peers

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

    By Alex Chamberlin
  • uploads///FCF
    Miscellaneous

    Why Schlumberger Remains the Best OFS Stock after Brexit Vote

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

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Earnings Report

    What Analysts Expect for FET ahead of Its 2Q16 Earnings

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

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Will Weatherford International’s Free Cash Flow Dry Up?

    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.

    By Alex Chamberlin
  • uploads///Historical Valuation
    Company & Industry Overviews

    How Is Forum Energy Technologies’ Valuation Trending?

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

    By Alex Chamberlin
  • uploads///Returns
    Earnings Report

    Forum Energy Technologies’ Share Price and Returns after Earnings

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

    By Alex Chamberlin
  • uploads///ANR Worst
    Company & Industry Overviews

    What Are Analysts’ Targets for Worst Oilfield Services Companies?

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

    By Alex Chamberlin
  • uploads///IV Worst
    Company & Industry Overviews

    How Volatile Are the Worst Oilfield Service Companies?

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

    By Alex Chamberlin
  • uploads///Net debt to EBITDA
    Company & Industry Overviews

    Is Superior Energy Services’ Indebtedness Rising?

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

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Baker Hughes’s Free and Operating Cash Flows in Focus

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

    By Alex Chamberlin
  • uploads///Historical Valuation
    Company & Industry Overviews

    Explaining Halliburton’s Historical Valuation

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

    By Alex Chamberlin
  • uploads///Gas Projected
    Energy & Utilities

    How Far Could US Shale Gas Production Drop?

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

    By Alex Chamberlin
  • uploads///Crude Oil price production
    Company & Industry Overviews

    How Related Is CLB’s Share Price to Crude Oil Prices and Production?

    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.

    By Alex Chamberlin
  • uploads///FET SI
    Basic Materials

    FET’s Short Interest Is Falling: What Does This Mean?

    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.

    By Alex Chamberlin
  • uploads///Segment Revenues
    Consumer

    What’s Forum Energy Technologies’ Strategy for 2Q16?

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

    By Alex Chamberlin
  • uploads///EPS
    Earnings Report

    What Do Analysts Expect from FET’s 2Q16 Earnings?

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

    By Alex Chamberlin
  • uploads///IE
    Company & Industry Overviews

    Is SPN Meeting Its Fund Obligations Internally?

    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 […]

    By Alex Chamberlin
  • uploads///IE
    Company & Industry Overviews

    Is Patterson-UTI Energy Meeting Its Fund Obligations Internally?

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

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Analyzing FMC Technologies’ Free Cash Flow

    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.

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Is the Permian Shale’s Oil Production Growth Reversing?

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

    By Alex Chamberlin
  • uploads///Net debt to EBITDA
    Company & Industry Overviews

    What’s Forum Energy Technologies’ Debt Position?

    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.

    By Alex Chamberlin
  • uploads///FCF
    Company & Industry Overviews

    Why Does Forum Energy Technologies Expect Steady Free Cash Flow?

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

    By Alex Chamberlin
  • uploads///MA Price
    Company & Industry Overviews

    Is Forum Energy Technologies’ Share Price Bullish?

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

    By Alex Chamberlin
  • uploads///Broker Recommendations
    Earnings Report

    Wall Street’s Forecasts for Forum Energy Technologies

    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.”

    By Alex Chamberlin
  • uploads///EPS
    Earnings Report

    Why Did Forum Energy Technologies’ 1Q16 Earnings Miss Estimates?

    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.

    By Alex Chamberlin
  • uploads///Price and Projections
    Earnings Report

    What Does Schlumberger’s Management Think before 1Q16 Earnings?

    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.

    By Alex Chamberlin
  • uploads///Share Price and projections
    Earnings Report

    FMC Technologies’ Guidance prior to 1Q16 Earnings

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

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Why Is Permian Basin Shale Oil Production Growing so Sluggishly?

    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.

    By Alex Chamberlin
  • uploads///RV
    Company & Industry Overviews

    What Is NOV’s Valuation Compared to Its Peers’?

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

    By Alex Chamberlin
  • uploads///MA Price
    Company & Industry Overviews

    Is Patterson-UTI Energy’s Share Price Gathering Strength?

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

    By Alex Chamberlin
  • uploads///Permian
    Macroeconomic Analysis

    Has Permian Shale Oil Production Growth Come to a Halt?

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

    By Alex Chamberlin
  • uploads///RV
    Company & Industry Overviews

    Forum Energy Technologies’ Valuation Compared to Its Peers

    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.

    By Alex Chamberlin
  • uploads///Net debt to EBITDA
    Company & Industry Overviews

    What Can We Assume from Forum Energy Technologies’ Indebtedness?

    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.

    By Alex Chamberlin
  • uploads///Segments
    Company & Industry Overviews

    Identifying Trends for Forum Energy Technologies

    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.

    By Alex Chamberlin
  • uploads///Share price target
    Company & Industry Overviews

    What Does Forum Energy Management Say about Outlook?

    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.

    By Alex Chamberlin
  • uploads///MA Price
    Company & Industry Overviews

    Why Is Forum Energy Technologies’ Share Price Trending Downward?

    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.

    By Alex Chamberlin
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