Sidoti Equities Analysts Boost Earnings Estimates for FET

Forum Energy Technologies, Inc. (NYSE:FET) – Equities researchers at Sidoti raised their Q1 2027 earnings per share (EPS) estimates for Forum Energy Technologies in a note issued to investors on Monday, November 2nd. Sidoti analyst S. Ferazani now anticipates that the oil and gas company will earn $1.10 per share for the quarter, up from their previous estimate of $0.96. The consensus estimate for Forum Energy Technologies’ current full-year earnings is $4.01 per share. Sidoti also issued estimates for Forum Energy Technologies’ Q2 2027 earnings at $1.38 EPS, Q3 2027 earnings at $1.66 EPS, Q4 2027 earnings at $1.59 EPS, FY2027 earnings at $5.72 EPS and FY2028 earnings at $6.83 EPS.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings data on Thursday, October 29th. The oil and gas company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.22 by $0.29. Forum Energy Technologies had a positive return on equity of 9.45% and a negative net margin of 0.19%. The firm had revenue of $236.81 million during the quarter, compared to the consensus estimate of $233.35 million.

FET has been the subject of a number of other research reports. Wall Street Zen upgraded shares of Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Thursday, October 15th. Finally, Zacks Research cut shares of Forum Energy Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 23rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Forum Energy Technologies presently has a consensus rating of “Reduce”.

Forum Energy Technologies Price Performance

Shares of FET opened at $77.83 on Tuesday. Forum Energy Technologies has a 12-month low of $26.58 and a 12-month high of $91.99. The business’s fifty day moving average is $82.59 and its 200 day moving average is $62.96. The company has a quick ratio of 1.13, a current ratio of 2.19 and a debt-to-equity ratio of 0.49. The stock has a market cap of $875.62 million, a P/E ratio of 30.64, a P/E/G ratio of 2.83 and a beta of 0.68.

Institutional Investors Weigh In On Forum Energy Technologies

A number of institutional investors have recently added to or reduced their stakes in FET. GAMMA Investing LLC increased its stake in Forum Energy Technologies by 39.6% in the 3rd quarter. GAMMA Investing LLC now owns 666 shares of the oil and gas company’s stock valued at $54,000 after buying an additional 189 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Forum Energy Technologies by 23.6% in the 2nd quarter. IFP Advisors Inc now owns 1,289 shares of the oil and gas company’s stock worth $65,000 after buying an additional 246 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Forum Energy Technologies in the 3rd quarter worth approximately $28,000. Integrated Wealth Concepts LLC bought a new position in shares of Forum Energy Technologies in the second quarter valued at approximately $33,000. Finally, WINTON GROUP Ltd increased its position in shares of Forum Energy Technologies by 25.1% during the second quarter. WINTON GROUP Ltd now owns 7,673 shares of the oil and gas company’s stock valued at $385,000 after acquiring an additional 1,539 shares during the last quarter. 65.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Forum Energy Technologies news, SVP Michael Danford sold 1,500 shares of Forum Energy Technologies stock in a transaction on Monday, August 10th. The shares were sold at an average price of $78.91, for a total transaction of $118,365.00. Following the transaction, the senior vice president directly owned 52,639 shares of the company’s stock, valued at $4,153,743.49. The trade was a 2.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Ivascu sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $81.22, for a total transaction of $406,100.00. Following the completion of the sale, the executive vice president owned 80,512 shares of the company’s stock, valued at approximately $6,539,184.64. The trade was a 5.85% 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. Insiders have sold a total of 11,500 shares of company stock worth $975,123 over the last ninety days. Insiders own 7.70% of the company’s stock.

Forum Energy Technologies Company Profile

Forum Energy Technologies, Inc (NYSE:FET) is a global manufacturer of oilfield and industrial equipment serving the exploration, development and production segments of the energy industry. The company designs and supplies products used in drilling, well completion, production and subsea operations.

Forum’s product offerings include drilling and downhole tools, drilling motors, wireline and well-intervention equipment, pressure-control systems, hydraulic-fracturing and stimulation equipment, artificial-lift products, and subsea remotely operated vehicle systems.