FORUM ENERGY TECHNOLOGIES, INC. (FET)

Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry. The firm operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, downhole, and subsea markets, as well as other markets, such as alternative energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling, downhole technologies, such as cementing and casing tools, and protection products for artificial lift equipment and cables, and subsea remotely operated vehicles and trenchers, specialty components and tools, and complementary subsea technical services. The Completions segment provides products and related services to the coiled tubing, stimulation, and intervention markets. This segment offers pressure pumping, hydraulic fracturing and flowback services, including hydraulic fracturing pumps, cooling systems, flow iron, wireline cable, and pressure control equipment, as well as related recertification and refurbishment services, and coiled tubing products, such as coiled tubing strings and line pipes. The Production segment designs, manufactures, and supplies products, and provides related equipment and services to the production and infrastructure markets. The company was founded in 2005 and is headquartered in Houston, TX.

Address

10344 SAM HOUSTON PARK DRIVE
HOUSTON, TX 77064

Founded

2005

Number of Employees

1,600

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s)
$102,108 $867 $548 $773 $140 $59 - $1,063 $2,998 $3,496 - $12,451
Average Price $451.50 $358.22 $376.11 $339.03 $277.41 $103.60 - $18.88 $29.08 $25.22 - $210.85
# Shares Purchased 226,152 2,421 1,458 2,281 506 572 - 56,321 103,094 138,638 - 59,049
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date -96.7% -95.8% -96.0% -95.6% -94.6% -85.5% - -20.6% -48.4% -40.5% - -92.9%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% - 31.7% 37.3% 31.3% - 105.7%
Excess Total Return -278.5% -268.8% -264.6% -225.3% -199.5% -178.6% - -52.2% -85.7% -71.9% - -198.6%
Quartile Rank
Percentile Rank 1% 2% 1% 1% 1% 3% - 30% 12% 9% - 1%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.