Forum Energy Technologies (NYSE:FET) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Forum Energy Technologies (NYSE:FET) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

Several other research analysts also recently commented on FET. Weiss Ratings reiterated a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Friday, July 17th. Wall Street Zen raised shares of Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Forum Energy Technologies Trading Up 1.3%

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

Forum Energy Technologies (NYSE:FET) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.60. The firm had revenue of $226.22 million for the quarter, compared to analyst estimates 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 predict that Forum Energy Technologies will post 3.06 earnings per share for the current fiscal year.

Insider Activity at Forum Energy Technologies

In related news, EVP John C. Ivascu sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $70.63, for a total value of $353,150.00. Following the sale, the executive vice president directly owned 85,512 shares of the company’s stock, valued at $6,039,712.56. This trade represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 in the company, valued at approximately $3,004,173.11. The trade was a 5.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 7.70% of the stock is currently owned by insiders.

Institutional Trading of Forum Energy Technologies

A number of hedge funds have recently made changes to their positions in FET. Meeder Asset Management Inc. acquired a new position in Forum Energy Technologies in the 4th quarter valued at approximately $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Forum Energy Technologies during the fourth quarter worth about $37,000. Kemnay Advisory Services Inc. bought a new stake in Forum Energy Technologies in the fourth quarter valued at approximately $75,000. Tower Research Capital LLC TRC raised its holdings in Forum Energy Technologies by 558.7% during the 2nd 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. Finally, SG Americas Securities LLC acquired a new stake in shares of Forum Energy Technologies during the first quarter worth $126,000. 65.60% of the stock is owned by institutional investors and hedge funds.

More Forum Energy Technologies News

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

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.