Zacks Research Upgrades Forum Energy Technologies (NYSE:FET) to Strong-Buy

Forum Energy Technologies (NYSE:FET) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

FET has been the topic of several other research reports. Wall Street Zen raised shares of Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Forum Energy Technologies Stock Performance

Shares of FET stock opened at $75.28 on Tuesday. The firm has a market capitalization of $846.96 million, a price-to-earnings ratio of -501.87, a PEG ratio of 3.04 and a beta of 0.53. The company has a current ratio of 2.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average price is $53.02 and its 200-day moving average price is $54.36. Forum Energy Technologies has a 12 month low of $18.12 and a 12 month high of $75.89.

Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.60. The firm had revenue of $226.22 million during the quarter, compared to analysts’ expectations of $212.35 million. Forum Energy Technologies had a negative net margin of 0.19% and a positive return on equity of 9.45%. Equities research analysts forecast that Forum Energy Technologies will post 3.06 EPS for the current year.

Insider Activity at Forum Energy Technologies

In other news, SVP Michael Dewayne Danford sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $55.49, for a total transaction of $166,470.00. Following the completion of the sale, the senior vice president owned 54,139 shares of the company’s stock, valued at $3,004,173.11. This trade represents a 5.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John C. Ivascu sold 5,000 shares of Forum Energy Technologies stock in a transaction on 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 7.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

Trending Headlines about 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

Forum Energy Technologies Company Profile

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.