Equities Analysts Set Expectations for FET Q1 Earnings

Forum Energy Technologies, Inc. (NYSE:FET) – Investment analysts at Sidoti lifted their Q1 2027 earnings per share estimates for Forum Energy Technologies in a research report issued to clients and investors on Monday, August 24th. Sidoti analyst S. Ferazani now forecasts that the oil and gas company will post earnings of $0.96 per share for the quarter, up from their previous forecast of $0.67. The consensus estimate for Forum Energy Technologies’ current full-year earnings is $4.01 per share. Sidoti also issued estimates for Forum Energy Technologies’ Q2 2027 earnings at $1.44 EPS and Q3 2027 earnings at $1.57 EPS.

A number of other brokerages have also weighed in on FET. Wall Street Zen upgraded shares of Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Forum Energy Technologies Trading Up 1.2%

Shares of Forum Energy Technologies stock opened at $76.99 on Wednesday. The stock has a market capitalization of $866.16 million, a P/E ratio of -513.25, a P/E/G ratio of 2.37 and a beta of 0.53. Forum Energy Technologies has a 52-week low of $24.57 and a 52-week high of $87.42. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 2.19. The stock’s 50-day simple moving average is $60.92 and its 200 day simple moving average is $57.91.

Forum Energy Technologies (NYSE:FET) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.60. Forum Energy Technologies had a positive return on equity of 9.45% and a negative net margin of 0.19%.The company had revenue of $226.22 million during the quarter, compared to the consensus estimate of $212.35 million.

Institutional Investors Weigh In On Forum Energy Technologies

Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased its stake in Forum Energy Technologies by 8.8% in the 1st quarter. Empowered Funds LLC now owns 13,908 shares of the oil and gas company’s stock worth $280,000 after acquiring an additional 1,127 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Forum Energy Technologies by 53.6% during the 1st quarter. Jane Street Group LLC now owns 19,970 shares of the oil and gas company’s stock valued at $402,000 after acquiring an additional 6,971 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Forum Energy Technologies by 204.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 161,596 shares of the oil and gas company’s stock valued at $3,146,000 after acquiring an additional 108,490 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Forum Energy Technologies by 9.4% during the second quarter. Rhumbline Advisers now owns 20,686 shares of the oil and gas company’s stock worth $403,000 after purchasing an additional 1,781 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Forum Energy Technologies during the second quarter worth about $188,000. Institutional investors own 65.60% of the company’s stock.

Insider Activity at Forum Energy Technologies

In other news, SVP Michael Dewayne Danford sold 1,500 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $78.91, for a total transaction of $118,365.00. Following the completion of the transaction, the senior vice president directly owned 52,639 shares in the company, valued at $4,153,743.49. The trade was a 2.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John C. Ivascu sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $81.22, for a total transaction of $406,100.00. Following the completion of the transaction, the executive vice president directly owned 80,512 shares in the company, valued at approximately $6,539,184.64. The trade was a 5.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,500 shares of company stock worth $877,615 over the last quarter. Corporate insiders own 7.70% of the company’s stock.

Forum Energy Technologies News Summary

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

• Positive Sentiment: Sidoti raised its earnings outlook for 2026 and 2027. The firm increased its FY2026 EPS estimate to $4.01 from $3.88, lifted Q4 2026 EPS to $1.16 from $1.04, and raised FY2027 EPS to $5.49 from $5.19. The upgrades suggest stronger expected profitability and support the recent strength in FET.
• Positive Sentiment: Sidoti also increased its Q1 2027 EPS forecast to $0.96 from $0.67. The higher near-term estimate reinforces the view that Forum Energy Technologies may continue generating solid earnings momentum.
• Positive Sentiment: Forum Energy Technologies will present at the 17th Annual Midwest IDEAS Investor Conference. The event gives management an opportunity to discuss business conditions, operating performance and growth plans with investors. Forum Energy Technologies to Present at the 17th Annual Midwest IDEAS Investor Conference
• Positive Sentiment: A Zacks article highlighted FET as a low-beta stock that may help reduce portfolio risk during periods of market volatility. That defensive profile, along with the company’s balance-sheet metrics, may attract risk-conscious investors. 3 Low-Beta Stocks to Minimize Portfolio Risk: VLO, PBF & FET
• Neutral Sentiment: Sidoti lowered its Q2 2027 EPS estimate to $1.44 from $1.46 and its Q3 2027 estimate to $1.57 from $1.59. The reductions are modest and are partly offset by the firm’s upgrades to other periods.
• Neutral Sentiment: An article discussing what could sustain Forum Energy’s recent price strength points to continued investor interest, though it does not identify a new company-specific catalyst. Here’s what could help Forum Energy maintain its recent price strength

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.