Sidoti Csr Has Positive Outlook for FET Q3 Earnings

Forum Energy Technologies, Inc. (NYSE:FET) – Equities research analysts at Sidoti Csr boosted their Q3 2026 EPS estimates for shares of Forum Energy Technologies in a research report issued to clients and investors on Monday, November 3rd. Sidoti Csr analyst S. Ferazani now expects that the oil and gas company will post earnings of $0.85 per share for the quarter, up from their prior estimate of $0.74. Sidoti Csr also issued estimates for Forum Energy Technologies’ Q4 2026 earnings at $0.98 EPS.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings data on Thursday, October 30th. The oil and gas company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. The business had revenue of $196.23 million during the quarter, compared to analyst estimates of $194.35 million. Forum Energy Technologies had a negative net margin of 13.65% and a negative return on equity of 2.51%.

FET has been the subject of a number of other reports. Wall Street Zen upgraded shares of Forum Energy Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Forum Energy Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, Forum Energy Technologies presently has a consensus rating of “Sell”.

Forum Energy Technologies Stock Up 7.3%

FET opened at $28.73 on Tuesday. The company has a fifty day moving average price of $27.33 and a 200-day moving average price of $21.44. The firm has a market capitalization of $342.01 million, a P/E ratio of -3.23, a price-to-earnings-growth ratio of 7.95 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 one year low of $12.78 and a one year high of $33.06.

Institutional Investors Weigh In On Forum Energy Technologies

Institutional investors have recently made changes to their positions in the company. Headlands Technologies LLC boosted its holdings in Forum Energy Technologies by 196.6% in the first quarter. Headlands Technologies LLC now owns 1,237 shares of the oil and gas company’s stock worth $25,000 after purchasing an additional 820 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Forum Energy Technologies in the third quarter worth approximately $27,000. Tower Research Capital LLC TRC boosted its holdings in Forum Energy Technologies by 558.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,088 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 1,771 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Forum Energy Technologies by 166.7% in the third quarter. Federated Hermes Inc. now owns 1,616 shares of the oil and gas company’s stock worth $43,000 after purchasing an additional 1,010 shares during the last quarter. Finally, Osaic Holdings Inc. purchased a new stake in Forum Energy Technologies in the second quarter worth approximately $78,000. Hedge funds and other institutional investors own 65.60% of the company’s stock.

Forum Energy Technologies Company Profile

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.