Forum Energy Technologies (NYSE:FET) Rating Increased to Strong-Buy at Zacks Research

Forum Energy Technologies (NYSE:FET) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms also recently commented on FET. Wall Street Zen raised Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Forum Energy Technologies Trading Up 1.3%

Shares of Forum Energy Technologies stock opened at $75.28 on Tuesday. The business has a fifty day simple moving average of $53.02 and a two-hundred day simple moving average of $54.36. Forum Energy Technologies has a 1 year low of $18.12 and a 1 year high of $75.89. The company has a market capitalization of $846.96 million, a price-to-earnings ratio of -501.87, a P/E/G ratio of 3.04 and a beta of 0.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.19 and a quick ratio of 1.09.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings data 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. The firm had revenue of $226.22 million for the quarter, compared to the consensus estimate of $212.35 million. Forum Energy Technologies had a negative net margin of 0.19% and a positive return on equity of 9.45%. Research analysts forecast that Forum Energy Technologies will post 3.06 EPS for the current year.

Insiders Place Their Bets

In related news, EVP John C. Ivascu sold 5,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $70.63, for a total transaction of $353,150.00. Following the completion of the sale, the executive vice president owned 85,512 shares of the company’s stock, valued at $6,039,712.56. This represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael Dewayne Danford sold 3,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $55.49, for a total transaction of $166,470.00. Following the sale, the senior vice president owned 54,139 shares in the company, valued at $3,004,173.11. The trade was a 5.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 7.70% of the stock is currently owned by company insiders.

Institutional Trading of Forum Energy Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Forum Energy Technologies in the fourth quarter valued at approximately $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Forum Energy Technologies in the 4th quarter valued at $37,000. Tower Research Capital LLC TRC raised its holdings in shares of Forum Energy Technologies by 558.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,088 shares of the oil and gas company’s stock worth $41,000 after buying an additional 1,771 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Forum Energy Technologies during the 4th quarter worth $75,000. Finally, Osaic Holdings Inc. acquired a new stake in Forum Energy Technologies in the second quarter valued at about $78,000. Institutional investors own 65.60% of the company’s stock.

Key Stories Impacting Forum Energy Technologies

Here are the key news stories impacting Forum Energy Technologies this week:

• Positive Sentiment: Analysts raised most forward earnings forecasts. Sidoti increased its estimates for FET’s Q3 and Q4 2026, FY2026, and Q2–Q4 2027. Its FY2026 EPS forecast rose to $3.88 from $2.08, while its FY2027 forecast increased to $5.19 from $3.09. These revisions suggest expectations for improving profitability and are a key factor supporting investor interest. Sidoti earnings estimate revisions
• Positive Sentiment: Recent operating results exceeded expectations. Forum Energy reported quarterly EPS of $1.16 versus the $0.56 consensus estimate, while revenue of $226.22 million surpassed the $212.35 million forecast. The earnings beat and ongoing restructuring progress have helped reinforce the bullish momentum around the shares. Forum Energy Technologies management article
• Neutral Sentiment: FET reached a 52-week high, but sustainability is uncertain. Zacks highlighted the stock’s strong performance and examined whether fundamentals can support additional gains. The shares have significantly outperformed their 50-day and 200-day moving averages, indicating strong momentum but also an elevated risk of profit-taking. FET 52-week high analysis
• Neutral Sentiment: Sector performance remains a consideration. Zacks compared Forum Energy with NOV and the broader oil-and-energy sector, giving investors context for whether FET’s gains reflect company-specific strength or wider industry momentum. FET sector performance analysis
• Negative Sentiment: Sidoti lowered its Q1 2027 EPS estimate to $0.67 from $0.75. Although most forecasts were raised, this isolated downgrade suggests potential near-term variability in earnings. Sidoti cuts FET earnings estimates
• Negative Sentiment: An executive sold shares. EVP John Ivascu sold 5,000 shares worth approximately $353,150 under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance and he retained 85,512 shares, it is a modest cautionary signal rather than clear evidence of deteriorating fundamentals. FET insider sale

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.