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FET - Forum Energy Technologies: Operating Leverage
April, 08 2022 09:59 AM
Forum Energy Technologies Inc.
Lower backlog in Drilling & Downhole and Completions segments indicates weaker revenue visibility in the short term. Forum Energy sees increased volume in artificial lift products, new well completions, and well workovers. It continues to diversify into methane emissions control, carbon capture use and storage, and offshore. Negative free cash flow raises some concerns, but debt conversion can de-leverage the balance sheet. For further details see:
Forum Energy Technologies: Operating Leverage
Stock Information
Company Name:
Forum Energy Technologies Inc.
Stock Symbol:
FET
Market:
NYSE
Website:
f-e-t.com
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