FET News and Press, Forum Energy Technologies Inc. From 08/03/20

Forum Energy Technologies (NYSE: FET )   +29.8% pre-market after successfully completing its offer to exchange existing 6.25% senior notes due 2021 for new 9% convertible secured notes due 2025. More news on: Forum Energy Technologies, Inc., Energy stocks news, Stocks on the move,...

Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today the expiration and results of its previously announced offer to exchange its existing notes for new 9.00% convertible secured notes due 2025. The Offer expired at 11:59 p.m.,...

Forum Energy Technologies (NYSE: FET ) +37% pre-market after reporting participation in its pending exchange offer for 6.25% senior notes due 2021 fell short of the amount required to complete the transaction. More news on: Forum Energy Technologies, Inc., Energy stocks news, Stocks ...

Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced that as of the preliminary tender deadline, which was 5:00 p.m. ET on July 17, 2020, participation in its pending exchange offer for the 6.25% senior notes due 2021 fell short of...

Forum Energy Technologies (NYSE: FET ) projects Q2 revenue to be in the range of $110M - $115M, a decline of ~37-40% from Q1 revenue of $183M. More news on: Forum Energy Technologies, Inc., Earnings news and commentary, Energy stocks news, , Read more ...

Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced that revenue for the second quarter 2020 is now projected to be in the range of $110 to $115 million, a decline of approximately 37-40% from first quarter revenue of $183 million...

EnLink Midstream (NYSE: ENLC ) hires former Forum Energy Technologies (NYSE: FET ) executive Pablo Mercado as its new CFO effective immediately, succeeding Eric Batchelder. More news on: EnLink Midstream, LLC, Forum Energy Technologies, Inc., Energy stocks news, Read more ...

FET Has Many Headwinds As the energy market goes through a downturn, Forum Energy Technologies' (FET) operating margin has declined sharply due to the fall in coiled tubing, pressure pumping products, downhole product sales, and the completion activity decline. Plus, the fall in order back...

Forum Energy Technologies (NYSE: FET ) -13.4% pre-market after saying it may consider restructuring alternatives including bankruptcy , citing the decline in demand for its products and reductions in revenue. More news on: Forum Energy Technologies, Inc., Energy stocks news, Stocks on t...

Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today provided the following update on the status of its business: During the first half of 2020, the COVID-19 pandemic and associated actions taken around the world to mitigate the spread o...