FET
Price
$18.62
Change
+$0.19 (+1.03%)
Updated
May 17, 6:59 PM EST
74 days until earnings call
NOV
Price
$19.08
Change
+$0.19 (+1.01%)
Updated
May 17, 6:59 PM EST
66 days until earnings call
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FET vs NOV

Header iconFET vs NOV Comparison
Open Charts FET vs NOVBanner chart's image
Forum Energy Technologies
Price$18.62
Change+$0.19 (+1.03%)
Volume$3.2K
CapitalizationN/A
NOV
Price$19.08
Change+$0.19 (+1.01%)
Volume$1.03M
CapitalizationN/A
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FET vs NOV Comparison Chart

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FETDaily Signal changed days agoGain/Loss if shorted
 
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NOVDaily Signal changed days agoGain/Loss if shorted
 
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VS
FET vs. NOV commentary
May 19, 2024

To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is FET is a Hold and NOV is a Hold.

COMPARISON
Comparison
May 19, 2024
Stock price -- (FET: $18.61 vs. NOV: $19.06)
Brand notoriety: FET and NOV are both not notable
Both companies represent the Oilfield Services/Equipment industry
Current volume relative to the 65-day Moving Average: FET: 54% vs. NOV: 110%
Market capitalization -- FET: $240.27M vs. NOV: $7.76B
FET [@Oilfield Services/Equipment] is valued at $240.27M. NOV’s [@Oilfield Services/Equipment] market capitalization is $7.76B. The market cap for tickers in the [@Oilfield Services/Equipment] industry ranges from $79.1B to $0. The average market capitalization across the [@Oilfield Services/Equipment] industry is $3.2B.

Long-Term Analysis

It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).

FET’s FA Score shows that 0 FA rating(s) are green whileNOV’s FA Score has 0 green FA rating(s).

  • FET’s FA Score: 0 green, 5 red.
  • NOV’s FA Score: 0 green, 5 red.
According to our system of comparison, NOV is a better buy in the long-term than FET.

Short-Term Analysis

It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.

If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.

FET’s TA Score shows that 4 TA indicator(s) are bullish while NOV’s TA Score has 7 bullish TA indicator(s).

  • FET’s TA Score: 4 bullish, 5 bearish.
  • NOV’s TA Score: 7 bullish, 3 bearish.
According to our system of comparison, NOV is a better buy in the short-term than FET.

Price Growth

FET (@Oilfield Services/Equipment) experienced а -2.46% price change this week, while NOV (@Oilfield Services/Equipment) price change was +1.17% for the same time period.

The average weekly price growth across all stocks in the @Oilfield Services/Equipment industry was +2.04%. For the same industry, the average monthly price growth was +2.61%, and the average quarterly price growth was +13.19%.

Reported Earning Dates

FET is expected to report earnings on Aug 01, 2024.

NOV is expected to report earnings on Jul 24, 2024.

Industries' Descriptions

@Oilfield Services/Equipment (+2.04% weekly)

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

SUMMARIES
A.I.dvisor published
a Summary for FET with price predictions.
OPEN
A.I.dvisor published
a Summary for NOV with price predictions.
OPEN
FUNDAMENTALS
Fundamentals
NOV($7.76B) has a higher market cap than FET($240M). FET has higher P/E ratio than NOV: FET (13.26) vs NOV (7.88). NOV YTD gains are higher at: -5.752 vs. FET (-16.058). NOV has higher annual earnings (EBITDA): 1B vs. FET (45.2M). NOV has more cash in the bank: 816M vs. FET (46.2M). FET has less debt than NOV: FET (192M) vs NOV (2.38B). NOV has higher revenues than FET: NOV (8.58B) vs FET (739M).
FETNOVFET / NOV
Capitalization240M7.76B3%
EBITDA45.2M1B5%
Gain YTD-16.058-5.752279%
P/E Ratio13.267.88168%
Revenue739M8.58B9%
Total Cash46.2M816M6%
Total Debt192M2.38B8%
FUNDAMENTALS RATINGS
FET vs NOV: Fundamental Ratings
FET
NOV
OUTLOOK RATING
1..100
5050
VALUATION
overvalued / fair valued / undervalued
1..100
63
Fair valued
39
Fair valued
PROFIT vs RISK RATING
1..100
100100
SMR RATING
1..100
9152
PRICE GROWTH RATING
1..100
7750
P/E GROWTH RATING
1..100
9794
SEASONALITY SCORE
1..100
29n/a

Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.

NOV's Valuation (39) in the Oilfield Services Or Equipment industry is in the same range as FET (63). This means that NOV’s stock grew similarly to FET’s over the last 12 months.

NOV's Profit vs Risk Rating (100) in the Oilfield Services Or Equipment industry is in the same range as FET (100). This means that NOV’s stock grew similarly to FET’s over the last 12 months.

NOV's SMR Rating (52) in the Oilfield Services Or Equipment industry is somewhat better than the same rating for FET (91). This means that NOV’s stock grew somewhat faster than FET’s over the last 12 months.

NOV's Price Growth Rating (50) in the Oilfield Services Or Equipment industry is in the same range as FET (77). This means that NOV’s stock grew similarly to FET’s over the last 12 months.

NOV's P/E Growth Rating (94) in the Oilfield Services Or Equipment industry is in the same range as FET (97). This means that NOV’s stock grew similarly to FET’s over the last 12 months.

TECHNICAL ANALYSIS
Technical Analysis
FETNOV
RSI
ODDS (%)
N/A
Bearish Trend 7 days ago
82%
Stochastic
ODDS (%)
Bullish Trend 3 days ago
71%
Bullish Trend 3 days ago
77%
Momentum
ODDS (%)
Bullish Trend 3 days ago
79%
Bullish Trend 3 days ago
81%
MACD
ODDS (%)
Bearish Trend 3 days ago
81%
Bullish Trend 3 days ago
76%
TrendWeek
ODDS (%)
Bearish Trend 3 days ago
84%
Bullish Trend 3 days ago
76%
TrendMonth
ODDS (%)
Bearish Trend 3 days ago
79%
Bullish Trend 3 days ago
73%
Advances
ODDS (%)
Bullish Trend 3 days ago
77%
Bullish Trend 3 days ago
77%
Declines
ODDS (%)
Bearish Trend 7 days ago
86%
Bearish Trend 7 days ago
75%
BollingerBands
ODDS (%)
Bullish Trend 3 days ago
79%
Bullish Trend 4 days ago
82%
Aroon
ODDS (%)
Bearish Trend 3 days ago
80%
Bullish Trend 3 days ago
78%
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FETDaily Signal changed days agoGain/Loss if shorted
 
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NOVDaily Signal changed days agoGain/Loss if shorted
 
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NOV and

Correlation & Price change

A.I.dvisor indicates that over the last year, NOV has been closely correlated with FTI. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if NOV jumps, then FTI could also see price increases.

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Ticker /
NAME
Correlation
To NOV
1D Price
Change %
NOV100%
+0.90%
FTI - NOV
81%
Closely correlated
+0.08%
HAL - NOV
75%
Closely correlated
+1.12%
SLB - NOV
72%
Closely correlated
+0.35%
OII - NOV
69%
Closely correlated
+0.81%
WHD - NOV
68%
Closely correlated
+1.66%
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