Sidoti Csr Has Bullish Forecast for FET Q3 Earnings

Forum Energy Technologies, Inc. (NYSE:FET) – Investment analysts at Sidoti Csr upped their Q3 2026 earnings estimates for Forum Energy Technologies in a research note issued to investors on Wednesday, December 17th. Sidoti Csr analyst S. Ferazani now forecasts that the oil and gas company will earn $0.88 per share for the quarter, up from their previous forecast of $0.85.

Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Forum Energy Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Forum Energy Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Forum Energy Technologies currently has a consensus rating of “Reduce”.

Forum Energy Technologies Stock Performance

NYSE:FET opened at $35.99 on Thursday. Forum Energy Technologies has a fifty-two week low of $12.78 and a fifty-two week high of $36.39. The company has a quick ratio of 1.01, a current ratio of 2.19 and a debt-to-equity ratio of 0.47. The stock has a market cap of $409.55 million, a PE ratio of -3.81, a price-to-earnings-growth ratio of 7.74 and a beta of 0.58. The firm’s fifty day simple moving average is $30.61 and its 200-day simple moving average is $25.14.

Forum Energy Technologies (NYSE:FET) last announced its earnings results on Friday, October 31st. The oil and gas company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. The business had revenue of $196.23 million during the quarter, compared to analysts’ expectations of $194.35 million. Forum Energy Technologies had a negative net margin of 14.58% and a negative return on equity of 1.07%.

Institutional Trading of Forum Energy Technologies

Institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Forum Energy Technologies by 4.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,342 shares of the oil and gas company’s stock worth $671,000 after buying an additional 1,480 shares during the period. Nuveen LLC acquired a new position in Forum Energy Technologies during the 1st quarter worth approximately $720,000. American Century Companies Inc. boosted its holdings in Forum Energy Technologies by 92.6% in the 1st quarter. American Century Companies Inc. now owns 138,560 shares of the oil and gas company’s stock worth $2,786,000 after acquiring an additional 66,620 shares during the period. Trexquant Investment LP grew its position in Forum Energy Technologies by 27.9% in the first quarter. Trexquant Investment LP now owns 26,023 shares of the oil and gas company’s stock valued at $523,000 after acquiring an additional 5,681 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Forum Energy Technologies in the first quarter valued at approximately $486,000. Hedge funds and other institutional investors own 65.60% of the company’s stock.

Forum Energy Technologies Company Profile

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.