Forum Energy Technologies (NYSE:FET) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Forum Energy Technologies (NYSE:FET) from a buy rating to a strong-buy rating in a report published on Sunday morning.

Other equities analysts have also issued research reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Friday, July 17th. Zacks Research downgraded Forum Energy Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Forum Energy Technologies Stock Performance

Forum Energy Technologies stock opened at $62.78 on Friday. The business has a 50 day moving average of $51.97 and a 200-day moving average of $53.67. The company has a market capitalization of $709.45 million, a P/E ratio of -418.53, a P/E/G ratio of 3.63 and a beta of 0.53. Forum Energy Technologies has a 1 year low of $18.12 and a 1 year high of $65.43. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.23 and a quick ratio of 1.09.

Forum Energy Technologies (NYSE:FET) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.56 by $0.60. Forum Energy Technologies had a negative net margin of 0.19% and a positive return on equity of 9.45%. The business had revenue of $226.22 million for the quarter, compared to the consensus estimate of $212.35 million. On average, equities research analysts predict that Forum Energy Technologies will post 2.16 earnings per share for the current year.

Insider Activity

In related news, SVP Michael Dewayne Danford sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $55.49, for a total transaction of $166,470.00. Following the sale, the senior vice president owned 54,139 shares in the company, valued at $3,004,173.11. This represents a 5.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.70% of the stock is owned by corporate insiders.

Institutional Trading of Forum Energy Technologies

Several large investors have recently modified their holdings of FET. Pacer Advisors Inc. acquired a new stake in Forum Energy Technologies in the first quarter worth $2,726,000. Bank of America Corp DE increased its stake in Forum Energy Technologies by 20.3% in the first quarter. Bank of America Corp DE now owns 71,251 shares of the oil and gas company’s stock valued at $4,180,000 after purchasing an additional 12,000 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Forum Energy Technologies by 30.4% during the first quarter. Empowered Funds LLC now owns 78,555 shares of the oil and gas company’s stock valued at $4,608,000 after purchasing an additional 18,301 shares during the period. Renaissance Technologies LLC boosted its position in shares of Forum Energy Technologies by 23.7% during the 1st quarter. Renaissance Technologies LLC now owns 140,475 shares of the oil and gas company’s stock worth $8,240,000 after purchasing an additional 26,875 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Forum Energy Technologies by 20.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 19,840 shares of the oil and gas company’s stock worth $1,164,000 after purchasing an additional 3,428 shares in the last quarter. Institutional investors and hedge funds own 65.60% of the company’s stock.

Trending Headlines about Forum Energy Technologies

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

• Positive Sentiment: Quarterly results exceeded expectations: Forum reported adjusted earnings of approximately $1.16 per share, well above the $0.57 analyst consensus, while revenue reached $226.2 million versus expectations of $212.4 million. The quarter compares with a loss of $0.10 per share a year earlier. Forum Energy Technologies Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and demand improved: Revenue rose 8% sequentially, adjusted EBITDA increased 39% to about $32 million, and gross and adjusted EBITDA margins expanded by 230 and 300 basis points, respectively. Orders totaled $236 million, producing a 104% book-to-bill ratio, while management said market share grew 13%. Forum Energy Technologies Announces Second Quarter 2026 Results
• Positive Sentiment: Guidance was raised: Full-year 2026 revenue guidance was increased to $870 million-$910 million from a consensus estimate of $856.2 million. Third-quarter revenue guidance of $225 million-$245 million also exceeds the $219 million consensus, signaling continued momentum. Forum Energy Technologies Stock Surges After Results and Raised Guidance
• Positive Sentiment: Capital returns provided additional support: Forum repurchased $8 million of stock during the first half of 2026, indicating management’s confidence in cash generation and valuation.
• Neutral Sentiment: The company’s Drilling and Completions segment generated $139 million of revenue, while Artificial Lift and Downhole contributed $87 million. Investors will likely focus on the earnings-call discussion of order trends, margins and the sustainability of the recovery. Forum Energy Technologies Q2 2026 Earnings Call Transcript
• Negative Sentiment: Two executives sold shares in the past six months, with no reported insider purchases. The sales may modestly temper sentiment, although they do not offset the stronger earnings and guidance signals.

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.