FET - Forum Energy Technologies Shows Sound Potential
An overview of Forum Energy Technologies
Forum Energy Technologies (FET) serves the drilling, subsea, completions, production and infrastructure business in the energy sector. Although the weakness in the subsea industry has somewhat weakened FET’s short-term prospect, considerable topline and earnings improvement in the past seven quarters and significant opportunities presented by the unconventional tight-oil production growth make FET a decent investment option.
In 2018, so far, Forum Energy Technologies’ stock price has gone down 28% and underperformed the VanEck Vectors Oil Services ETF (OIH), which declined by nearly 4% during this