Forum Energy Technologies (NYSE:FET) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Forum Energy Technologies (NYSE:FET) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

FET has been the topic of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Thursday, January 22nd. Zacks Research upgraded Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Forum Energy Technologies Trading Up 8.7%

NYSE FET opened at $57.63 on Friday. The firm has a market capitalization of $655.81 million, a price-to-earnings ratio of -64.75, a PEG ratio of 4.40 and a beta of 0.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 2.19. Forum Energy Technologies has a one year low of $12.78 and a one year high of $58.80. The company’s 50 day moving average price is $42.39 and its 200 day moving average price is $32.95.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $202.20 million during the quarter, compared to analyst estimates of $190.50 million.

Institutional Trading of Forum Energy Technologies

Several large investors have recently modified their holdings of FET. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Forum Energy Technologies by 5.2% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,230 shares of the oil and gas company’s stock worth $300,000 after acquiring an additional 557 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Forum Energy Technologies by 7.0% during the 4th quarter. Russell Investments Group Ltd. now owns 9,442 shares of the oil and gas company’s stock worth $349,000 after purchasing an additional 618 shares during the last quarter. Bailard Inc. raised its position in shares of Forum Energy Technologies by 5.3% in the 3rd quarter. Bailard Inc. now owns 13,800 shares of the oil and gas company’s stock valued at $369,000 after purchasing an additional 700 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Forum Energy Technologies by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 14,402 shares of the oil and gas company’s stock valued at $385,000 after buying an additional 793 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Forum Energy Technologies during the 4th quarter valued at approximately $35,000. 65.60% of the stock is currently owned by institutional investors and hedge funds.

More Forum Energy Technologies News

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

• Positive Sentiment: Q4 results beat — FET reported adjusted EPS of $0.41 (vs. $0.36 consensus) and revenue of $202.2M (vs. $190.5M), showing a recovery from the prior year and giving investors confidence in demand. Read More.
• Positive Sentiment: Upward FY‑2026 revenue outlook — management set revenue guidance of roughly $800M–$880M, above consensus (~$793.7M), implying modest top‑line growth and supporting valuation re‑rating. Read More.
• Positive Sentiment: Cash‑flow targets and market‑share gains — management outlined a 6% revenue growth target for 2026 and a $55M–$75M free‑cash‑flow target, signaling improved cash conversion that can fund buybacks/debt reduction. Read More.
• Positive Sentiment: Large share repurchase in 2025 — the company repurchased ~11% of shares outstanding last year, which reduces float and boosts EPS leverage if results continue improving. Read More.
• Neutral Sentiment: Management commentary — the earnings call/transcripts expand on growth drivers (market share, product mix) and capital allocation priorities; useful for gauging sustainability but not an immediate catalyst by itself. Read More. | Read More.
• Negative Sentiment: Profitability still mixed — despite the beat, trailing metrics show slim or negative margins and limited ROE in some reports; execution must continue to convert revenue into sustained net profit. Read More.

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.