Forum Energy Technologies Inc
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%.
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.
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.
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.
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.
How Is Forum Energy Technologies’ Valuation Trending?
Forum Energy Technologies’ (FET) price-to-earnings (or PE) multiple rose sharply in fiscal 2015.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
What’s Forum Energy Technologies’ Strategy for 2Q16?
All of Forum Energy Technologies’ segments witnessed revenue falls in 1Q16 compared to 1Q15.
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.
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 […]
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.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.