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Is this Large Market Cap Stock target price reasonable for Forum Energy Technologies, Inc. (NYSE:FET)?

The company in question is, Forum Energy Technologies, Inc. (NYSE:FET) currently with a stock price of 21.45 (-0.92% today). The market cap for Forum Energy Technologies, Inc. is 2010.2, and is in the sector Basic Materials, and Oil & Gas Equipment & Services industry. The target price for Forum Energy Technologies, Inc. is 19.79. Currently Forum Energy Technologies, Inc. is trading with a P/E of *TBA, and a forward P/E of *TBA. Average volume for Forum Energy Technologies, Inc. is 812.03 and so far today it is 331539.

Performance in the last year for Forum Energy Technologies, Inc. has been 57.45%. For EPS growth, Forum Energy Technologies, Inc. has seen a growth of -172.60%, and is looking to grow in the next year to 64.10%. More long term stats show that EPS growth has been -46.20% over the last five years and could be 21.74% for the next five years. Forum Energy Technologies, Inc. has seen sales growth quarter over quarter at -49.80%, with EPS growth quarter over quarter at -425.80%. The 20-day simple moving average is 16.12%, with the 200-day simple moving average coming to 41.77%.

Since the IPO date for Forum Energy Technologies, Inc. on the 04/12/2012, Forum Energy Technologies, Inc. has seen performance year to date to be 73.76%. With Forum Energy Technologies, Inc. trading at 21.45, the dividend yield is *TBA, and the EPS is -2.31.

So could Forum Energy Technologies, Inc., be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 2.7 and the P/B is at 1.64. The P/cash is 14.65, with P/free cash flow at 16.45.

Forum Energy Technologies, Inc. ability to deal with debt shows that the current ratio is 4.9, and the quick ratio is 2. This is with long term debt/equity at 0.33, and total debt/equity at 0.33.

In terms of margins, Forum Energy Technologies, Inc. has a gross margin of 14.60%, an operating margin of -34.20% and a profit margin of -28.00%.Payout ratio for Forum Energy Technologies, Inc. is *TBA. Return on assets come to -10.90% with return on investment coming to -6.00%.

Insider ownership for Forum Energy Technologies, Inc., is at 0.70% and institutional ownership comes to 96.60%. Outstanding shares are at 92.85. While shares float is 86.67. The float short is currently 10.08%, and short ratio is 10.76.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Peter Clarke

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