Street Calls of the Week
Forum Energy Technologies, Inc. (NYSE:FET) announced the retirement of board director Leslie A. Beyer, effective immediately. The company disclosed Thursday that Ms. Beyer notified the board of her decision to retire in order to accommodate her recent confirmation as Assistant Secretary of the Interior for Lands and Minerals Management at the U.S. Department of the Interior. The company, currently valued at $326 million, has shown strong performance this year with a 77% year-to-date return, and its stock is trading near its 52-week high of $27.72.
According to the statement, Ms. Beyer’s departure is not the result of any disagreement with the company regarding its operations, policies, or practices.
Forum Energy Technologies is based in Houston, Texas, and operates in the oil and gas field machinery and equipment sector. The information is based on a press release statement filed with the Securities and Exchange Commission. According to InvestingPro’s Fair Value analysis, the stock is currently trading near its Fair Value, with comprehensive insights available in the Pro Research Report.
In other recent news, Forum Energy Technologies Inc. reported its second-quarter 2025 earnings, revealing a strong financial performance. The company achieved revenue of $200 million, reaching the top end of its guidance range. This growth was driven by strategic initiatives and strong product bookings, even as the global rig count declined. The earnings announcement did not affect the stock price, which remained stable. These developments highlight the company’s resilience amid challenging market conditions. Forum Energy’s performance indicates continued investor confidence. The company’s strategic focus appears to be paying off in terms of financial results.
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