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