Sidoti Research Analysts Increase Earnings Estimates for FET

Forum Energy Technologies, Inc. (NYSE:FET) – Equities researchers at Sidoti raised their FY2026 earnings estimates for Forum Energy Technologies in a report issued on Monday, August 24th. Sidoti analyst S. Ferazani now forecasts that the oil and gas company will earn $4.01 per share for the year, up from their previous 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.

FET has been the subject of several other reports. Zacks Research upgraded Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Friday, July 17th. Finally, Wall Street Zen raised Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Forum Energy Technologies Trading Down 1.7%

Shares of FET stock opened at $76.13 on Tuesday. The firm has a market capitalization of $856.16 million, a P/E ratio of -507.50, a P/E/G 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 quick ratio of 1.13, a current ratio of 2.19 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $60.39 and its 200 day simple moving average is $57.69.

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

Hedge Funds Weigh In On Forum Energy Technologies

A number of hedge funds have recently made changes to their positions in FET. Russell Investments Group Ltd. raised its position in shares of Forum Energy Technologies by 7.0% during the fourth quarter. Russell Investments Group Ltd. now owns 9,442 shares of the oil and gas company’s stock worth $349,000 after acquiring an additional 618 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Forum Energy Technologies by 5.8% in the third quarter. Victory Capital Management Inc. now owns 14,402 shares of the oil and gas company’s stock valued at $385,000 after acquiring an additional 793 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Forum Energy Technologies in the fourth quarter valued at approximately $35,000. Raymond James Financial Inc. increased its position in Forum Energy Technologies by 10.1% during the 3rd quarter. Raymond James Financial Inc. now owns 10,604 shares of the oil and gas company’s stock valued at $283,000 after purchasing an additional 971 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Forum Energy Technologies during the 4th quarter valued at approximately $37,000. 65.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Forum Energy Technologies

In related news, EVP John C. Ivascu sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $81.22, for a total transaction of $406,100.00. Following the completion of the transaction, the executive vice president directly owned 80,512 shares of the company’s stock, valued at $6,539,184.64. This trade represents a 5.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael Dewayne Danford sold 1,500 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $78.91, for a total value of $118,365.00. Following the transaction, the senior vice president directly owned 52,639 shares of the company’s stock, valued at approximately $4,153,743.49. This represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 11,500 shares of company stock worth $877,615. 7.70% of the stock is currently owned by insiders.

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.