Sidoti Equities Analysts Boost Earnings Estimates for FET

Forum Energy Technologies, Inc. (NYSE:FET) – Equities research analysts at Sidoti increased their Q1 2026 EPS estimates for shares of Forum Energy Technologies in a report released on Monday, February 23rd. Sidoti analyst S. Ferazani now forecasts that the oil and gas company will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.32. Sidoti also issued estimates for Forum Energy Technologies’ Q2 2026 earnings at $0.50 EPS.

Several other analysts have also issued reports on FET. Zacks Research upgraded shares of Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Forum Energy Technologies from a “hold” rating to a “buy” rating in a report on Saturday. One equities 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.com, the stock presently has an average rating of “Moderate Buy”.

Forum Energy Technologies Stock Performance

Shares of Forum Energy Technologies stock opened at $58.75 on Tuesday. The firm has a market cap of $668.55 million, a PE ratio of -66.01, a price-to-earnings-growth ratio of 4.40 and a beta of 0.64. The company has a quick ratio of 1.01, a current ratio of 2.19 and a debt-to-equity ratio of 0.47. Forum Energy Technologies has a 52 week low of $12.78 and a 52 week high of $62.73. The business’s fifty day simple moving average is $42.88 and its 200-day simple moving average is $33.34.

Forum Energy Technologies (NYSE:FET) last issued its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.05. Forum Energy Technologies had a positive return on equity of 2.35% and a negative net margin of 1.22%.The company had revenue of $202.20 million during the quarter, compared to analyst estimates of $190.50 million.

Institutional Investors Weigh In On Forum Energy Technologies

Several large investors have recently added to or reduced their stakes in FET. New York State Teachers Retirement System acquired a new stake in Forum Energy Technologies during the 3rd quarter worth approximately $27,000. Meeder Asset Management Inc. purchased a new stake in shares of Forum Energy Technologies during the fourth quarter worth $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Forum Energy Technologies during the fourth quarter worth $37,000. Tower Research Capital LLC TRC raised its stake in shares of 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 valued at $41,000 after acquiring an additional 1,771 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of 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 valued at $43,000 after acquiring an additional 1,010 shares in the last quarter. 65.60% of the stock is owned by hedge funds and other institutional investors.

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.