Forum Energy Technologies (NYSE:FET) Announces Earnings Results

Forum Energy Technologies (NYSE:FET) announced its earnings results on Thursday. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05, Zacks reports. The firm had revenue of $202.20 million for the quarter, compared to analyst estimates of $190.50 million. Forum Energy Technologies had a negative net margin of 1.22% and a positive return on equity of 2.35%.

Forum Energy Technologies Stock Up 8.7%

Shares of NYSE FET opened at $57.63 on Friday. The company has a 50 day simple moving average of $42.39 and a 200 day simple moving average of $32.86. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.19 and a quick ratio of 1.01. Forum Energy Technologies has a 1 year low of $12.78 and a 1 year high of $58.80. The firm has a market cap of $655.81 million, a PE ratio of -64.75, a price-to-earnings-growth ratio of 4.03 and a beta of 0.64.

Institutional Trading of Forum Energy Technologies

Institutional investors have recently modified their holdings of the business. IES Holdings Inc. acquired a new position in Forum Energy Technologies during the 4th quarter worth about $20,107,000. AQR Capital Management LLC raised its position in shares of Forum Energy Technologies by 1,327.5% during the fourth quarter. AQR Capital Management LLC now owns 146,203 shares of the oil and gas company’s stock worth $5,402,000 after acquiring an additional 135,961 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Forum Energy Technologies by 204.3% during the second quarter. JPMorgan Chase & Co. now owns 161,596 shares of the oil and gas company’s stock worth $3,146,000 after acquiring an additional 108,490 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Forum Energy Technologies by 461.5% in the fourth quarter. Invesco Ltd. now owns 100,209 shares of the oil and gas company’s stock worth $3,703,000 after acquiring an additional 82,363 shares during the period. Finally, Millennium Management LLC bought a new stake in Forum Energy Technologies in the fourth quarter valued at approximately $3,041,000. Institutional investors own 65.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on FET shares. Wall Street Zen raised Forum Energy Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Forum Energy Technologies News Summary

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

• Positive Sentiment: Q4 results beat — FET reported adjusted EPS of $0.41 (vs. $0.36 consensus) and revenue of $202.2M (vs. $190.5M), showing a recovery from the prior year and giving investors confidence in demand. Read More.
• Positive Sentiment: Upward FY‑2026 revenue outlook — management set revenue guidance of roughly $800M–$880M, above consensus (~$793.7M), implying modest top‑line growth and supporting valuation re‑rating. Read More.
• Positive Sentiment: Cash‑flow targets and market‑share gains — management outlined a 6% revenue growth target for 2026 and a $55M–$75M free‑cash‑flow target, signaling improved cash conversion that can fund buybacks/debt reduction. Read More.
• Positive Sentiment: Large share repurchase in 2025 — the company repurchased ~11% of shares outstanding last year, which reduces float and boosts EPS leverage if results continue improving. Read More.
• Neutral Sentiment: Management commentary — the earnings call/transcripts expand on growth drivers (market share, product mix) and capital allocation priorities; useful for gauging sustainability but not an immediate catalyst by itself. Read More. | Read More.
• Negative Sentiment: Profitability still mixed — despite the beat, trailing metrics show slim or negative margins and limited ROE in some reports; execution must continue to convert revenue into sustained net profit. Read More.

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.