Forum Energy Technologies (FET) Projected to Announce Quarterly Earnings on Thursday

Forum Energy Technologies (NYSE:FET) is anticipated to post its Q2 2026 results after the market closes on Thursday, July 30th. Analysts expect Forum Energy Technologies to post earnings of $0.57 per share and revenue of $212.35 million for the quarter. Parties may review the information on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Friday, July 31, 2026 at 11:00 AM ET.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.03. The firm had revenue of $208.70 million for the quarter, compared to the consensus estimate of $201.30 million. Forum Energy Technologies had a negative net margin of 0.78% and a positive return on equity of 4.15%. On average, analysts expect Forum Energy Technologies to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Forum Energy Technologies Stock Down 3.4%

Shares of NYSE:FET traded down $1.91 during midday trading on Tuesday, hitting $54.70. 51,972 shares of the company’s stock were exchanged, compared to its average volume of 195,560. The company has a market cap of $618.05 million, a PE ratio of -93.21, a price-to-earnings-growth ratio of 3.35 and a beta of 0.54. 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 has a 12 month low of $18.12 and a 12 month high of $65.43. The stock has a 50 day moving average price of $52.21 and a 200-day moving average price of $53.24.

Wall Street Analysts Forecast Growth

FET has been the topic of several analyst reports. Zacks Research cut Forum Energy Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Wall Street Zen cut shares of Forum Energy Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Insiders Place Their Bets

In other 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 directly owned 54,139 shares in the company, valued at $3,004,173.11. This represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 7.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Forum Energy Technologies

A number of large investors have recently modified their holdings of FET. Meeder Asset Management Inc. bought a new position in Forum Energy Technologies during the fourth quarter valued at approximately $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Forum Energy Technologies during the fourth quarter valued at about $37,000. Kemnay Advisory Services Inc. bought a new position in Forum Energy Technologies during the 4th quarter valued at approximately $75,000. Tower Research Capital LLC TRC lifted its stake in Forum Energy Technologies by 558.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,088 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 1,771 shares during the period. Finally, State of Wyoming bought a new stake in shares of Forum Energy Technologies during the 4th quarter valued at about $138,000. 65.60% of the stock is owned by hedge funds and other institutional investors.

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.