Louis Raspino - Forum Energy Non-Executive Independent Director

FET
 Stock
  

USD 19.31  0.31  1.58%   

  Director
Mr. Louis A. Raspino, CPA, is Independent Director of Forum Energy Technologies Inc. He currently serves as Director, Chairman and Audit Committee member of Gulfmark Offshore, Inc., and as Director and member of the Compensation and Audit Committees of American Bureau of Shipping, a private company. He served as Chairman of Clarion Offshore Partners LLC, a Blackstone affiliate, from October 2015 to October 2017. Mr. Raspino was a private investor and consultant from June 2011 to present. Mr. Raspino was named President, Chief Executive Officer and a director of Pride International, Inc., a contract drilling company, in June 2005 and served in that capacity until its acquisition by Ensco plc in May 2011. He joined Pride International in December 2003 as Executive Vice President and Chief Financial Officer. From July 2001 until December 2003, he served as Senior Vice President, Finance and Chief Financial Officer of Grant Prideco, Inc. From February 1999 until March 2001, he held various senior financial positions, including Vice President of Finance for Halliburton Company. From October 1997 until July 1998, he was a Senior Vice President at Burlington Resources, Inc. From 1978, until its merger with Burlington Resources in 1997, he held a variety of positions of increasing responsibility at Louisiana Land and Exploration Company, most recently as Senior Vice President, Finance and Administration and Chief Financial Officer.
Age: 68  Director Since 2017      
281 949-2500  www.f-e-t.com

Forum Energy Management Efficiency

Forum Energy Technologies has Return on Asset of (3.39) % which means that on every $100 spent on asset, it lost $3.39. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (22.48) %, meaning that it generated no profit with money invested by stockholders. Forum Energy management efficiency ratios could be used to measure how well the company manages its routine affairs as well as how well it operates its assets and liabilities. Return on Investment is likely to drop to -7.78 in 2022. Return on Average Assets is likely to gain to -0.1 in 2022. Total Liabilities is likely to gain to about 540.8 M in 2022. Current Liabilities is likely to gain to about 179.5 M in 2022
The company has 278.93 M in debt with debt to equity (D/E) ratio of 0.85, which is OK given its current industry classification. Forum Energy Technologies has a current ratio of 2.49, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Forum Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Forum Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Forum Energy Technologies sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Forum to invest in growth at high rates of return. When we think about Forum Energy's use of debt, we should always consider it together with cash and equity.

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Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas. Forum Energy operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 1400 people. Forum Energy Technologies (FET) is traded on New York Stock Exchange in USA. It is located in 10344 Sam Houston Park Drive, Suite 300, Houston, TX 77064, United States and employs 1,400 people. Forum Energy is listed under Machinery category by Fama And French industry classification.

Forum Energy Technologies Leadership Team

Elected by the shareholders, the Forum Energy's board of directors comprises two types of representatives: Forum Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Forum. The board's role is to monitor Forum Energy's management team and ensure that shareholders' interests are well served. Forum Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Forum Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
James Harris, CFO and Executive VP
Evelyn Angelle, Non-Executive Independent Director
John Ivascu, Executive Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary
Franklin Myers, Lead Independent Director
Andrew Waite, Non-Executive Independent Director
Terence OToole, Independent Director
James McCulloch, Chief Compliance Officer and Special Advisor to CEO
Christopher Gaut, Chairman, CEO and Pres
Lyle Williams, Vice President - Operations Finance
Neal Lux, Chief Operating Officer, Executive Vice President
Emily Reichert, Non-Executive Independent Director
Michael Danford, Chief Human Resource Officer, Executive Vice President
John Schmitz, Non-Executive Independent Director
C Gaut, Chairman of the Board, President, Chief Executive Officer
Michael McShane, Non-Executive Lead Independent Director
Prady Iyyanki, COO and Executive VP
David Baldwin, Independent Director
Louis Raspino, Non-Executive Independent Director
Pradyumna Iyyanki, President CEO, Director
John Carrig, Non-Executive Independent Director
Pablo Mercado, Chief Financial Officer, Senior Vice President and Treasurer
D Williams, Chief Financial Officer, Executive Vice President
John McElroy, Principal Accounting Officer
Paul Rowsey, Non-Executive Independent Director

Forum Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Forum Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Forum Energy Investors Sentiment

The influence of Forum Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Forum. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Forum Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Forum Energy's short interest history, or implied volatility extrapolated from Forum Energy options trading.

Current Sentiment - FET

Forum Energy Technologies Investor Sentiment

Greater number of Macroaxis users are currently bullish on Forum Energy Technologies. What is your opinion about investing in Forum Energy Technologies? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish

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Please check Investing Opportunities. Note that the Forum Energy Technologies information on this page should be used as a complementary analysis to other Forum Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.

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Is Forum Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Forum Energy. If investors know Forum will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Forum Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
110.5 M
Quarterly Revenue Growth YOY
0.36
Return On Assets
-0.0254
Return On Equity
-0.18
The market value of Forum Energy Technologies is measured differently than its book value, which is the value of Forum that is recorded on the company's balance sheet. Investors also form their own opinion of Forum Energy's value that differs from its market value or its book value, called intrinsic value, which is Forum Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Forum Energy's market value can be influenced by many factors that don't directly affect Forum Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Forum Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Forum Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Forum Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.