Wall Street Zen Upgrades Forum Energy Technologies (NYSE:FET) to Buy

Forum Energy Technologies (NYSE:FET) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other analysts have also issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Thursday, January 22nd. Zacks Research upgraded Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Forum Energy Technologies Stock Performance

Shares of FET stock opened at $57.63 on Friday. The company has a fifty day moving average price of $42.39 and a two-hundred day moving average price of $33.05. Forum Energy Technologies has a one year low of $12.78 and a one year high of $58.80. The stock has a market cap of $655.81 million, a P/E ratio of -64.75, a P/E/G ratio of 4.40 and a beta of 0.64. 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 (NYSE:FET) last released 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 negative net margin of 1.22% and a positive return on equity of 2.35%. The company had revenue of $202.20 million for the quarter, compared to analyst estimates of $190.50 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FET. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Forum Energy Technologies by 5.2% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,230 shares of the oil and gas company’s stock worth $300,000 after buying an additional 557 shares in the last quarter. Russell Investments Group Ltd. increased its position in 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 period. Bailard Inc. increased its position in Forum Energy Technologies by 5.3% during the third quarter. Bailard Inc. now owns 13,800 shares of the oil and gas company’s stock worth $369,000 after acquiring an additional 700 shares during the period. Victory Capital Management Inc. raised its stake in Forum Energy Technologies by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 14,402 shares of the oil and gas company’s stock worth $385,000 after purchasing an additional 793 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Forum Energy Technologies in the 4th quarter valued at about $35,000. 65.60% of the stock is owned by institutional investors and hedge funds.

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.

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.