Sidoti Research Analysts Increase Earnings Estimates for FET

Forum Energy Technologies, Inc. (NYSE:FET) – Analysts at Sidoti lifted their FY2026 earnings per share estimates for Forum Energy Technologies in a report released on Monday, August 24th. Sidoti analyst S. Ferazani now anticipates that the oil and gas company will post earnings per share of $4.01 for the year, up from their prior estimate of $3.88. The consensus estimate for Forum Energy Technologies’ current full-year earnings is $3.95 per share. Sidoti also issued estimates for Forum Energy Technologies’ Q4 2026 earnings at $1.16 EPS, Q4 2027 earnings at $1.53 EPS and FY2027 earnings at $5.49 EPS.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.56 by $0.60. Forum Energy Technologies had a negative net margin of 0.19% and a positive return on equity of 9.45%. The business had revenue of $226.22 million for the quarter, compared to the consensus estimate of $212.35 million.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen upgraded shares of Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Friday, July 17th. Finally, Zacks Research upgraded Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Forum Energy Technologies Price Performance

Shares of Forum Energy Technologies stock opened at $76.13 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 2.19 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $856.16 million, a price-to-earnings ratio of -507.50, a price-to-earnings-growth ratio of 2.45 and a beta of 0.53. Forum Energy Technologies has a twelve month low of $24.53 and a twelve month high of $87.42. The company has a 50-day simple moving average of $60.39 and a two-hundred day simple moving average of $57.69.

Institutional Investors Weigh In On Forum Energy Technologies

A number of large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its stake in Forum Energy Technologies by 66.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 152,403 shares of the oil and gas company’s stock valued at $8,940,000 after buying an additional 60,711 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Forum Energy Technologies in the second quarter valued at about $1,444,000. Walleye Capital LLC acquired a new position in Forum Energy Technologies during the first quarter worth about $1,632,000. Independent Financial Group LLC acquired a new position in Forum Energy Technologies during the first quarter worth about $1,746,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Forum Energy Technologies in the first quarter worth about $7,682,000. Institutional investors and hedge funds own 65.60% of the company’s stock.

Insider Activity at Forum Energy Technologies

In other news, SVP Michael Dewayne Danford sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $78.91, for a total transaction of $118,365.00. Following the completion of the sale, the senior vice president owned 52,639 shares of the company’s stock, valued at approximately $4,153,743.49. This represents a 2.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John C. Ivascu sold 5,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $70.63, for a total transaction of $353,150.00. Following the sale, the executive vice president owned 85,512 shares in the company, valued at $6,039,712.56. This represents a 5.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,500 shares of company stock valued at $877,615 over the last 90 days. Corporate insiders own 7.70% 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.