Forum Energy Technologies, Inc. (FET)

[tw0122]

$20 + 30% Forum Energy Technologies Announces Third Quarter 2024 Results; Raises Free Cash Flow Guidance

October 31 2024 - 4:26PM
Business Wire

• Revenue: $208 million, a 16% year-over-year increase
• Orders: $206 million and book-to-bill of 99%
• Net loss: $15 million, or $1.20 per diluted share
• Adjusted EBITDA: $26 million, up 55% year-over-year
• Operating cash flow and free cash flow: $26 million and $25 million, respectively
• Raises 2024 full year free cash flow guidance: $60 to $70 million

[XenaLives]

This is a queer duck - reverse splits keep it on the NYSE and it relies on the viability of petroleum as an energy source.

https://www.investing.com/news/stock-market-news/earnings-call-forum-energy-technologies-reports-transformative-year-93CH-3323245#:~:text=Revenue%20and%20EBITDA%20grew%20by,Subsea%20Technologies%20and%20production%20equipment.

[fishhunter]

Bought a lot more last week:)

[fishhunter]

Started buying today.
Easy double over next 12 months. $75 within 30 months. Yawn.

[longmike2]

all I can say is that Jersey highways are full of cars...most I've seen since March....gas me up !!

[420man]

Walk up before run...

[DeemMaker]

Very encouraging to see
Need oil to keep going up.
Hope things are starting to turn around

[longmike2]

CEO buys 125K shares......OIL coming back???

[DeemMaker]

Something is up.... 11.5 million shares today
Average last 10 is 3.3 million

Hope it’s good and not bad
Go FET!

[ipo_dude]

Oh it will

[whytestocks]

News: $FET Forum Energy Technologies, Inc. Announces Preliminary Results of Pending Exchange Offer

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...

Find out more FET - Forum Energy Technologies, Inc. Announces Preliminary Results of Pending Exchange Offer

[shurtha2000]

Chart of PSV and FET here's an idea where this is going

https://www.otcmarkets.com/stock/PSV/overview

[level42]

great stock underwater

let see how high it will fly this next days

[ClayTrader]

* * $FET Video Chart 06-08-2020 * *

Link to Video - click here to watch the technical chart video

[ROCKY LEDGE]

+.87. +67%.

FET

[kjcolombia]

Would love to see this get back up to pre-March levels. As economy opens back up, no reason why that shouldn’t happen in my view.

[ROCKY LEDGE]

.50

FET

[ROCKY LEDGE]

Strong! Like it! @ 40. OPEC meeting tomorrow. Imho.

FET

[dimer1225]

This could go ballistic soon. Way undervalued. Interesting to see what happens at the OPEC meeting tomorrow or June 9-10. Good time to load up.

[timboarder]

Revenge of the shorts today.

[CoderTrader]

That would be nice! Was hoping it would consolidate in the .50s for next leg

[Jdub33328]

another up day premarket! .70 and above soon. Hoping this has a run like OAS did a couple weeks ago

[HulkInvestment]

Gap has been filled, nice lil consolidation, now break .60

[CoderTrader]

Hope so let’s see if we can break .60s $FET

[MotionOffense78]

Strong day ahead!

$FET

[HulkInvestment]

This should close in high 40s, if not low 50s, run to $1.00 next week!!

[Jdub33328]

FET looking to still run from yesterday. up 16% pre

[FROZENFLAME]

Good luck .

[HulkInvestment]

i like it, going lower before gap fill tho

[HulkInvestment]

100%+ gains already... :)

[starkd748]

Lol 30% cool...

[CoderTrader]

What the party just started haha $FET

[FROZENFLAME]

I’m out $AVGR$ next

[HulkInvestment]

GETTING SQUEEZED!!!

[HulkInvestment]

BOOOMMM!!!

[CoderTrader]

Weeeeeeeeee

[FROZENFLAME]

50s next

[HulkInvestment]

Look for .40 break... time to fill gap

[CoderTrader]

Looking good here $FET

[FROZENFLAME]

People need to buy back before it’s too late, 50+ soon $$$

[FROZENFLAME]

People cashing out way too soon, the party did not start yet !!

[CoderTrader]

They need to get this to a dollar haha

[FROZENFLAME]

We should 40s got hit so hard in the premarket .

[CoderTrader]

Awesome let’s see .50s $FET

[FROZENFLAME]

Or buyback shares since it’s so cheap now, either way it’s good news for shareholders .

[CoderTrader]

So looks like news is they are offering to pay off some notes?

[FROZENFLAME]

38s up, news out .

[FROZENFLAME]

35s after hours .

[FROZENFLAME]

Shorter get ready breakout coming, we got 4 digits trading !!!

[FROZENFLAME]

Looks like we have something today, over 2M volume already, yesterday volume 3.7M !!!