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 peers? We will compare Forum Energy Technologies to related businesses based on the strength of its dividends, valuation, institutional ownership, analyst recommendations, profitability, risk and earnings.
Institutional and Insider 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 insiders. Comparatively, 11.9% of shares of all “Oil Related Services and Equipment” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Risk & Volatility
Forum Energy Technologies has a beta of 1.71, meaning that its share price is 71% more volatile than the S&P 500. Comparatively, Forum Energy Technologies’ peers have a beta of 1.60, meaning that their average share price is 60% more volatile than the S&P 500.
This table compares Forum Energy Technologies and its peers’ 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||-17.56%||-16.84%||-5.66%|
This is a summary of recent ratings and target prices for Forum Energy Technologies and its peers, as reported by MarketBeat.
|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||2012||2882||114||2.50|
Forum Energy Technologies currently has a consensus target price of $18.73, suggesting a potential upside of 24.47%. As a group, “Oil Related Services and Equipment” companies have a potential upside of 21.02%. Given Forum Energy Technologies’ higher possible upside, equities analysts clearly believe Forum Energy Technologies is more favorable than its peers.
Earnings & Valuation
This table compares Forum Energy Technologies and its peers gross revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Forum Energy Technologies||$657.68 million||-$22.64 million||-11.49|
|Forum Energy Technologies Competitors||$2.04 billion||$273.76 million||-37.36|
Forum Energy Technologies’ peers have higher revenue and earnings than Forum Energy Technologies. Forum Energy Technologies is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Forum Energy Technologies peers beat Forum Energy Technologies on 7 of the 12 factors compared.
About Forum Energy Technologies
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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