Forum Energy Technologies (NYSE: FET) is one of 57 publicly-traded companies in the “Oil Related Services and Equipment” industry, but how does it weigh in compared to its competitors? We will compare Forum Energy Technologies to similar companies based on the strength of its profitability, dividends, risk, institutional ownership, earnings, valuation and analyst recommendations.
Risk and Volatility
Forum Energy Technologies has a beta of 1.71, meaning that its stock price is 71% more volatile than the S&P 500. Comparatively, Forum Energy Technologies’ competitors have a beta of 1.60, meaning that their average stock price is 60% more volatile than the S&P 500.
This table compares Forum Energy Technologies and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Forum Energy Technologies||-18.89%||-4.55%||-3.03%|
|Forum Energy Technologies Competitors||-17.36%||-14.16%||-5.27%|
This is a breakdown of current ratings and price targets for Forum Energy Technologies and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Forum Energy Technologies||0||12||4||0||2.25|
|Forum Energy Technologies Competitors||390||2022||2884||114||2.50|
Forum Energy Technologies currently has a consensus price target of $18.73, indicating a potential upside of 31.46%. As a group, “Oil Related Services and Equipment” companies have a potential upside of 23.72%. Given Forum Energy Technologies’ higher probable upside, equities research analysts clearly believe Forum Energy Technologies is more favorable than its competitors.
Earnings & Valuation
This table compares Forum Energy Technologies and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Forum Energy Technologies||$657.68 million||-$22.64 million||-10.88|
|Forum Energy Technologies Competitors||$2.00 billion||$268.97 million||-37.13|
Forum Energy Technologies’ competitors have higher revenue and earnings than Forum Energy Technologies. Forum Energy Technologies is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Insider and Institutional Ownership
65.8% of shares of all “Oil Related Services and Equipment” companies are owned by institutional investors. 32.8% of Forum Energy Technologies shares are owned by company insiders. Comparatively, 11.9% of shares of all “Oil Related Services and Equipment” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Forum Energy Technologies competitors beat Forum Energy Technologies on 7 of the 12 factors compared.
Forum Energy Technologies Company Profile
Forum Energy Technologies, Inc. is an oilfield products company. The Company designs, manufactures and distributes products, and engages in aftermarket services, parts supply and related services. The Company operates through three segments: Drilling & Subsea, Completions, and Production & Infrastructure. The Drilling & Subsea segment designs and manufactures products, and provides related services to the drilling and subsea construction markets. The Completions segment designs, manufactures and supplies products, and provide related services to the well construction, completion, stimulation and intervention markets. The Production & Infrastructure segment designs, manufactures and supplies products, and provides related equipment and services to production and infrastructure markets. Its product offering includes a mix of engineered capital products and replaced items that are used in the exploration, development, production and transportation of oil and natural gas.
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