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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...
Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced it has commenced an offer to exchange its existing notes for new 9.00% convertible secured notes due 2025. The new notes will pay interest at the rate of 9.00% (as compared to th...
Forum Energy Technologies (NYSE: FET ) promotes senior VP of operations Lyle Williams to Executive VP and CFO, succeeding Pablo Mercado, who is leaving the company to pursue other opportunities. More news on: Forum Energy Technologies, Inc., Energy stocks news, Read more ...
Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”) announced today that, as part of its continuing cost reduction plan, the corporate executive team will be reduced and reorganized. Changes to the executive team will be effective July 10, 2020 and are as follows: ...
Forum Energy Technologies ( FET -4.9% ) plunges as Piper Sandler downgrades shares to Neutral from Overweight with a $40 price target, expecting consolidated revenues to cut in half this year before recovering in H2 2021 and in 2022. More news on: Forum Energy Technologies, Inc., Energ...
Forum US, Inc. and Howe-Baker International Ltd., Howe-Baker LLC, Howe Baker International LLC and Omid Malek (collectively “Howe Baker International Ltd.”) have settled a lawsuit in which Forum US, Inc. had accused Howe-Baker International Ltd. of violating the Federal Lanham A...
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Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2024 earnings conference call at 10:00 a.m. Central Time on Friday, August 2, 2024. FET will issue a press release reporting its second quarter 2024 earnings prior to the conference call. The call...
Forum Energy Technologies, Inc. (NYSE: FET) today announced that it will redeem $60 million in aggregate principal amount of its 9.000% Convertible Senior Secured Notes due 2025 (“2025 Notes”) at par on August 16, 2024. For the second quarter 2024, the Company expects to report ...
2024-06-21 13:26:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...