FET Looks To Improve Margin
Forum Energy Technologies (FET) serves the drilling, subsea, completions, production, and infrastructure business in the energy sector. I expect the stock price to remain depressed in the short term. Its margin can improve due to an improved product mix and various cost reduction initiatives. I think it needs to improve cash flows and reduce the financial risks before investors can expect steady returns in the medium-to-long term.
Following the reduction in the upstream capex, the demand from capital equipment can continue to decelerate in the U.S. onshore. The