Forum Energy Technologies (NYSE:FET) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Forum Energy Technologies (NYSE:FET) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Tuesday, April 21st. Zacks Research upgraded Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Forum Energy Technologies Trading Down 7.1%

NYSE:FET opened at $58.43 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.17 and a quick ratio of 1.01. Forum Energy Technologies has a fifty-two week low of $13.55 and a fifty-two week high of $65.43. The stock’s 50-day moving average is $59.00 and its two-hundred day moving average is $44.48. The stock has a market cap of $662.01 million, a PE ratio of -99.03, a price-to-earnings-growth ratio of 3.63 and a beta of 0.60.

Forum Energy Technologies (NYSE:FET) last released its earnings results on Thursday, April 30th. The oil and gas company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.03. Forum Energy Technologies had a positive return on equity of 4.06% and a negative net margin of 0.78%.The company had revenue of $208.70 million for the quarter, compared to analysts’ expectations of $201.30 million. As a group, equities research analysts forecast that Forum Energy Technologies will post 2.02 earnings per share for the current fiscal year.

Insider Transactions at Forum Energy Technologies

In related news, EVP John C. Ivascu sold 4,392 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $60.01, for a total value of $263,563.92. Following the transaction, the executive vice president owned 81,599 shares in the company, valued at $4,896,755.99. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Forum Energy Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JB Capital Partners LP raised its position in shares of Forum Energy Technologies by 68.2% during the third quarter. JB Capital Partners LP now owns 120,800 shares of the oil and gas company’s stock worth $3,227,000 after purchasing an additional 49,000 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Forum Energy Technologies by 62.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 262,316 shares of the oil and gas company’s stock worth $7,006,000 after acquiring an additional 100,720 shares during the period. Ritholtz Wealth Management bought a new position in shares of Forum Energy Technologies during the 4th quarter worth approximately $1,196,000. Strs Ohio boosted its stake in shares of Forum Energy Technologies by 468.4% during the 3rd quarter. Strs Ohio now owns 21,600 shares of the oil and gas company’s stock worth $577,000 after acquiring an additional 17,800 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Forum Energy Technologies by 51.9% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,057 shares of the oil and gas company’s stock valued at $653,000 after purchasing an additional 5,827 shares during the period. 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: Company raised full‑year EBITDA midpoint and issued Q2 EBITDA range, signaling stronger earnings power; management now forecasts Q2 EBITDA of $24M–$30M and lifted the FY EBITDA midpoint to $103M. Forum Energy Technologies forecasts Q2 EBITDA of $24M-$30M while raising full-year EBITDA midpoint to $103M
• Positive Sentiment: Q1 revenue beat and operational momentum: revenue was $208.7M (+8% y/y) and the company reported a record backlog and strong bookings, supporting near‑term revenue visibility. Forum Energy Technologies Fires Up Q1 2026 Performance with 8% Revenue Growth and Strong Bookings
• Positive Sentiment: Earnings‑call commentary emphasized record backlog and bookings, indicating demand strength across product lines—an important offset to short‑term margin noise. Forum Energy Technologies Inc (FET) Q1 2026 Earnings Call Highlights
• Neutral Sentiment: Q2 revenue guidance set to $200M–$225M and FY revenue range $800M–$880M (midpoint ~$840M) — the ranges include consensus but are wide, so revenue upside is possible but not guaranteed.
• Neutral Sentiment: Full Q1 call transcript posted for deeper read; useful for investors who want line‑by‑line color on bookings mix, margin drivers and capex plans. Forum Energy Technologies Q1 2026 Earnings Call Transcript
• Negative Sentiment: EPS missed consensus (diluted EPS $0.39 vs. ~$0.44 est.), which can pressure short‑term sentiment despite revenue beat. FET Q1: Revenue Beats but EPS Miss, Net Income Surges
• Negative Sentiment: Operating cash flow plunged (reported ~82% decline year‑over‑year), raising concerns about working capital and cash conversion despite higher net income — a key watch for liquidity and the stock’s valuation.
• Negative Sentiment: Recent insider sale (executive sold ~4,392 shares) may add to near‑term selling pressure or signal cautious insider sentiment to some investors. Insider Trading and Institutional Moves

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.