Sidoti Csr Issues Positive Estimate for FET Earnings

Forum Energy Technologies, Inc. (NYSE:FET) – Stock analysts at Sidoti Csr boosted their Q2 2026 earnings per share (EPS) estimates for Forum Energy Technologies in a research report issued to clients and investors on Wednesday, February 4th. Sidoti Csr analyst S. Ferazani now forecasts that the oil and gas company will earn $0.44 per share for the quarter, up from their prior forecast of $0.43. Sidoti Csr also issued estimates for Forum Energy Technologies’ Q3 2026 earnings at $0.89 EPS, FY2026 earnings at $2.58 EPS and FY2027 earnings at $4.35 EPS.

Several other equities research analysts have also recently commented on FET. Zacks Research raised shares of Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Wall Street Zen cut Forum Energy Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Forum Energy Technologies has an average rating of “Moderate Buy”.

Forum Energy Technologies Stock Performance

NYSE:FET opened at $46.78 on Thursday. The company has a quick ratio of 1.01, a current ratio of 2.19 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $38.50 and its 200 day simple moving average is $30.41. The stock has a market cap of $532.36 million, a P/E ratio of -4.95, a price-to-earnings-growth ratio of 3.60 and a beta of 0.64. Forum Energy Technologies has a twelve month low of $12.78 and a twelve month high of $48.67.

Institutional Investors Weigh In On Forum Energy Technologies

A number of institutional investors have recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in shares of Forum Energy Technologies by 69.4% in the 2nd quarter. American Century Companies Inc. now owns 234,735 shares of the oil and gas company’s stock worth $4,570,000 after purchasing an additional 96,175 shares in the last quarter. JB Capital Partners LP purchased a new stake in shares of Forum Energy Technologies during the second quarter valued at $1,398,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Forum Energy Technologies in the 2nd quarter worth about $208,000. Allspring Global Investments Holdings LLC raised its position in Forum Energy Technologies by 3.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 288,079 shares of the oil and gas company’s stock worth $5,548,000 after buying an additional 9,748 shares during the last quarter. Finally, De Lisle Partners LLP lifted its stake in Forum Energy Technologies by 7.4% during the 2nd quarter. De Lisle Partners LLP now owns 217,242 shares of the oil and gas company’s stock valued at $4,235,000 after acquiring an additional 15,000 shares during the period. Hedge funds and other institutional investors own 65.60% of the company’s stock.

About Forum Energy Technologies

Forum Energy Technologies Inc is a global provider of advanced products and services to the oil and gas industry. The company’s offerings span the full lifecycle of exploration and production, including drilling, well construction, completion and production, and subsea operations. Key product lines include premium drill bits, downhole drilling motors, directional drilling tools, subsea umbilicals, and pressure control equipment, complemented by field service support and engineered solutions for complex projects.

Established through the merger of Forum Oilfield Technologies, Triton Group, Global Energy Group, and Allen International in 2010, Forum Energy Technologies has built a diversified technology portfolio designed to meet evolving industry requirements.