What is Sidoti Csr’s Forecast for FET FY2026 Earnings?

Forum Energy Technologies, Inc. (NYSE:FET) – Stock analysts at Sidoti Csr decreased their FY2026 earnings estimates for shares of Forum Energy Technologies in a research report issued to clients and investors on Thursday, October 9th. Sidoti Csr analyst S. Ferazani now expects that the oil and gas company will post earnings per share of $1.92 for the year, down from their prior estimate of $2.09. Sidoti Csr also issued estimates for Forum Energy Technologies’ FY2027 earnings at $2.81 EPS.

Several other research analysts have also weighed in on FET. Zacks Research lowered shares of Forum Energy Technologies from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Wednesday, October 8th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Forum Energy Technologies Price Performance

Shares of FET stock opened at $26.72 on Monday. The firm has a market cap of $317.97 million, a P/E ratio of -3.01, a P/E/G ratio of 6.64 and a beta of 0.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.13. Forum Energy Technologies has a 1-year low of $12.78 and a 1-year high of $28.78. The firm has a fifty day moving average of $25.42 and a two-hundred day moving average of $20.04.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings results on Thursday, August 7th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.25). The firm had revenue of $199.80 million for the quarter, compared to analyst estimates of $190.50 million. Forum Energy Technologies had a negative net margin of 13.65% and a negative return on equity of 2.51%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC boosted its holdings in shares of Forum Energy Technologies by 3.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 278,331 shares of the oil and gas company’s stock valued at $5,770,000 after buying an additional 10,066 shares during the period. Nuveen LLC acquired a new position in shares of Forum Energy Technologies in the 1st quarter valued at about $720,000. Voya Investment Management LLC boosted its holdings in shares of Forum Energy Technologies by 82.9% in the 1st quarter. Voya Investment Management LLC now owns 31,768 shares of the oil and gas company’s stock valued at $639,000 after buying an additional 14,396 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Forum Energy Technologies by 1,911.1% in the 1st quarter. GAMMA Investing LLC now owns 2,172 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 2,064 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Forum Energy Technologies by 995.0% in the 1st quarter. Acadian Asset Management LLC now owns 54,498 shares of the oil and gas company’s stock valued at $1,093,000 after buying an additional 49,521 shares during the period. 65.60% of the stock is owned by institutional investors and hedge funds.

About Forum Energy Technologies

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. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.