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How to Buy Forum Energy Technologies Stock

Forum Energy Technologies Inc

Forum Energy Technologies is a oil & gas equipment & service company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker FET on the NYSE exchange.

Forum Energy Technologies stock last closed at $18.87, up 2.28% from the previous day, and has decreased 21.21% in one year. It has underperformed other stocks in the Oil & Gas Equipment & Services industry by 0.49 percentage points. Forum Energy Technologies stock is currently +6.91% from its 52-week low of $17.65, and -34.32% from its 52-week high of $28.73.

As of Mar 27, 2024, there are 12.28M FET shares outstanding. The market capitalization of FET is $231.79M. In the last 24 hours, 27,450 FET shares were traded.

How to Buy Forum Energy Technologies Stock

Wondering how to invest in Forum Energy Technologies stock? Here's how.
  1. Figure out where to buy Forum Energy Technologies stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Forum Energy Technologies stock.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Fund your brokerage account: Pick your method of payment and add your information.
  4. Research Forum Energy Technologies stock: The Forum Energy Technologies ticker symbol is FET. Is Forum Energy Technologies stock a good investment? Should you buy shares of FET? How do FET's underlying business fundamentals look? Do top analysts think Forum Energy Technologies is a good buy? Why has FET's stock price moved recently? (Hint: Our stock market research tools can help you figure out if FET is a good stock to buy).
  5. Make your FET purchase: Decide if you will purchase FET shares at the current market price or use a limit order to buy FET shares at a particular price.
  6. Monitor your investment in FET: Create a watchlist to important notifications about your new investment in Forum Energy Technologies stock.

Step 1: Figure out where to buy Forum Energy Technologies stock

You will need a brokerage account in order to access the NYSE market and buy FET stock.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've chosen your brokerage, you need to fill out some personal details so you are able to buy FET stock today.

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Step 4: Research Forum Energy Technologies stock

Once you have identified the best place to buy Forum Energy Technologies stock, it's important to analyze their stock before you invest, so you truly understand the risk as well as the upside.

Forum Energy Technologies Numbers

FET Price
$18.87
1w %
-0.32%
1y %
-21.21%
5y %
-81.46%
P/E
-10.2x
P/B
0.56x
P/S
0.26x
PEG
N/A
Revenue
$738.86M
Earnings
-$18.88M
Fore. Rev. Growth
17.27%
Fore. Earn. Growth
N/A
Market Cap
$231.79M
Next Earnings
Apr 8, 2024
Next Dividend
N/A

Forum Energy Technologies Zen Score

WallStreetZen was built to help average investors do better fundamental analysis quickly.

You can see all of the due diligence checks on FET's stock page.

How is FET stock valued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge FET's true value.

Using relative valuations ratios:

  • FET may be undervalued based on its P/B ratio of 0.56x, relative to Oil & Gas Equipment & Services industry P/B ratio of 2.83x

You can access additional valuation analysis on FET's stock here.

FET Financial Health

Positive Health Checks:

  • There are more short-term assets than short-term liabilities on the FET balance sheet.
  • There are more short-term assets than long-term liabilities on the FET balance sheet.

Negative Health Checks:

  • FET profit margin has gone down from 0.5% to -2.6% in the past year.
  • FET has a relatively high debt to equity ratio of 0.99.
  • Total FET debt is higher than 5 years ago, relative to shareholder equity.
  • FET earnings of $10.48M is not enough to cover its interest payments.
  • FET's operating cash flow of $8.18M allows it to safely service it's debt of $192.20M.

You can dig deeper into what analysts are projecting on the Forum Energy Technologies stock forecast page.

FET Technicals

SMA10
18.72
SMA20
18.85
SMA50
19.34
SMA100
20.73
SMA200
22.59
MACD
-0.17
MACD Signal
-0.23
MACD Histogram
0.06
RSI
48.57
Stochastic %K
53.82
Stochastic %D
52.62
StochRSI %K
71.01
StochRSI %D
77.99

Is FET Making Money?

Last year, FET revenue was $738.86M. In the past five year, FET's revenue has gone up by -7.04% per year. This was slower than the Oil & Gas Equipment & Services industry average of 7.85%.

You can research FET's earnings and revenue performance here.

What are FET insiders up to?

Over the past year, executives and large shareholders at FET have sold more shares than they have bought.

John C. Ivascu, EVP General Counsel CCO of FET, was the latest FET insider to sell. They sold $38,500.00 worth of FET stock on Mar 7, 2024.

Dig into more about who owns FET shares here.

Does FET stock generate passive income?

No, Forum Energy Technologies doesn't provide an income stream by paying out dividends.

What others are saying about FET

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Step 5: Make your FET purchase

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly sufficient.
  • Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a given price, place a limit order.

Hit the Open Trade button and your broker will execute the order.

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Step 6: Monitor your investment in FET

Now that you own some FET shares, you'll want to keep up with your shares.

Add FET to a watchlist to keep tabs on your FET stock.

FET Feed

How to Buy Stock in Forum Energy Technologies

To summarize, here are the 6 steps to buy Forum Energy Technologies stock:

  1. Figure out where to buy Forum Energy Technologies stock
  2. Sign up for your brokerage account
  3. Fund your brokerage account
  4. Research Forum Energy Technologies stock
  5. Make your FET purchase
  6. Monitor your investment in FET

If you require a online brokerage, eToro is our recommended option.

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If you would like to track your investment in Forum Energy Technologies, hit the button below to create your watchlist.

NYSE: FET
$18.87+0.42 (+2.28%)
Updated Mar 27, 2024
Open eToro Account
NYSE: FET
$18.87+0.42 (+2.28%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Forum Energy Technologies share?

As of Mar 27, 2024, it costs $18.87 to buy one share of Forum Energy Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $9, you can buy 0.477 shares of FET.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Forum Energy Technologies stock?

One way to place an order for Forum Energy Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.