Forum Energy Technologies (NYSE:FET) Releases Quarterly Earnings Results, Beats Expectations By $0.59 EPS

Forum Energy Technologies (NYSE:FET) issued its earnings results on Thursday. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.59, FiscalAI reports. The business had revenue of $226.22 million for the quarter, compared to analysts’ expectations of $212.35 million. Forum Energy Technologies had a positive return on equity of 4.15% and a negative net margin of 0.78%.

Forum Energy Technologies Stock Up 18.6%

Shares of FET stock traded up $9.55 on Friday, hitting $60.98. The company’s stock had a trading volume of 170,286 shares, compared to its average volume of 195,783. The stock has a market capitalization of $689.07 million, a price-to-earnings ratio of -103.26, a P/E/G ratio of 2.96 and a beta of 0.54. Forum Energy Technologies has a fifty-two week low of $18.12 and a fifty-two week high of $65.43. The firm’s fifty day moving average price is $51.85 and its 200-day moving average price is $53.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.23 and a quick ratio of 1.09.

Insiders Place Their Bets

In related news, SVP Michael Dewayne Danford sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $55.49, for a total value of $166,470.00. Following the completion of the sale, the senior vice president directly owned 54,139 shares in the company, valued at approximately $3,004,173.11. The trade was a 5.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.70% of the company’s stock.

Institutional Trading of Forum Energy Technologies

A number of hedge funds have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Forum Energy Technologies during the fourth quarter valued at approximately $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Forum Energy Technologies during the fourth quarter worth $37,000. Tower Research Capital LLC TRC increased its holdings in Forum Energy Technologies by 558.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,088 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 1,771 shares during the period. Kemnay Advisory Services Inc. bought a new stake in Forum Energy Technologies in the 4th quarter valued at $75,000. Finally, Osaic Holdings Inc. acquired a new position in shares of Forum Energy Technologies in the 2nd quarter valued at $78,000. Institutional investors own 65.60% of the company’s stock.

Key Forum Energy Technologies News

Here are the key news stories impacting Forum Energy Technologies this week:

• Positive Sentiment: Second-quarter adjusted earnings were reported at $1.16 per share, well above the $0.57 analyst consensus and substantially better than the $0.10-per-share loss recorded a year earlier. Revenue reached $226.2 million, exceeding estimates of $212.4 million. Forum Energy Technologies Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised full-year 2026 revenue guidance to $870 million-$910 million, above the approximately $856.2 million consensus estimate. Third-quarter revenue guidance of $225 million-$245 million also topped the $219 million consensus. Forum Energy Technologies Announces Second Quarter Results and Raises Guidance
• Positive Sentiment: Operating metrics improved sequentially: revenue rose 8%, adjusted EBITDA increased 39% to about $32 million, and the company reported a 104% book-to-bill ratio on $236 million of orders. Management also said market share expanded 13% and margins improved.
• Positive Sentiment: The company repurchased $8 million of stock during the first half of 2026, providing additional support for per-share results and signaling confidence in the business.
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter, with 112 investors adding shares and 50 reducing holdings. This suggests continued interest but not uniform conviction.
• Negative Sentiment: Insider trading activity was limited to sales: two executives sold shares during the past six months, with no reported insider purchases. The company also remained slightly unprofitable on a GAAP net-margin basis.

Analyst Ratings Changes

A number of equities analysts recently weighed in on FET shares. Zacks Research lowered Forum Energy Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Forum Energy Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

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.