Sidoti Issues Positive Forecast for FET Earnings

Forum Energy Technologies, Inc. (NYSE:FET) – Sidoti boosted their Q1 2026 earnings per share (EPS) estimates for Forum Energy Technologies in a research note issued 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 prior estimate of $0.32. Sidoti also issued estimates for Forum Energy Technologies’ Q2 2026 earnings at $0.50 EPS.

Forum Energy Technologies (NYSE:FET) last issued its earnings results on Thursday, February 19th. The oil and gas company reported $0.41 earnings per share for the quarter, beating 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 firm had revenue of $202.20 million for the quarter, compared to analysts’ expectations of $190.50 million.

Several other equities research analysts have also recently issued reports on FET. Wall Street Zen raised shares of Forum Energy Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Thursday, January 22nd. Finally, Zacks Research raised Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Forum Energy Technologies Trading Up 1.5%

Shares of NYSE:FET opened at $58.75 on Tuesday. Forum Energy Technologies has a 52 week low of $12.78 and a 52 week high of $62.73. The company’s 50 day moving average is $42.88 and its two-hundred day moving average is $33.34. The company has a current ratio of 2.19, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47. The company has a market cap of $668.55 million, a PE ratio of -66.01, a P/E/G ratio of 4.40 and a beta of 0.64.

Institutional Trading of Forum Energy Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Keyframe Capital Partners L.P. lifted its holdings in shares of Forum Energy Technologies by 8.5% in the 2nd quarter. Keyframe Capital Partners L.P. now owns 848,519 shares of the oil and gas company’s stock valued at $16,521,000 after purchasing an additional 66,322 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Forum Energy Technologies by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 591,741 shares of the oil and gas company’s stock worth $15,806,000 after buying an additional 21,033 shares during the period. IES Holdings Inc. purchased a new stake in Forum Energy Technologies in the fourth quarter valued at approximately $20,107,000. Allspring Global Investments Holdings LLC lifted its stake in Forum Energy Technologies by 3.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 296,996 shares of the oil and gas company’s stock valued at $7,906,000 after buying an additional 8,917 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Forum Energy Technologies by 62.3% in the third quarter. JPMorgan Chase & Co. now owns 262,316 shares of the oil and gas company’s stock valued at $7,006,000 after acquiring an additional 100,720 shares during the period. Institutional investors and hedge funds own 65.60% of the company’s stock.

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.