Sidoti Has Bullish Forecast for FET Q3 Earnings

Forum Energy Technologies, Inc. (NYSE:FET) – Investment analysts at Sidoti increased their Q3 2026 earnings per share (EPS) estimates for Forum Energy Technologies in a report issued on Monday, August 3rd. Sidoti analyst S. Ferazani now forecasts that the oil and gas company will post earnings per share of $1.20 for the quarter, up from their prior forecast of $0.51. The consensus estimate for Forum Energy Technologies’ current full-year earnings is $2.16 per share. Sidoti also issued estimates for Forum Energy Technologies’ Q4 2026 earnings at $1.04 EPS, FY2026 earnings at $3.88 EPS, Q2 2027 earnings at $1.46 EPS, Q3 2027 earnings at $1.59 EPS, Q4 2027 earnings at $1.49 EPS and FY2027 earnings at $5.19 EPS.

A number of other research analysts have also commented on FET. Weiss Ratings restated a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Zacks Research lowered shares of 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 issued a Sell rating to the company. According to data from MarketBeat.com, Forum Energy Technologies has an average rating of “Reduce”.

Forum Energy Technologies Price Performance

Shares of FET stock opened at $74.07 on Wednesday. Forum Energy Technologies has a 12 month low of $18.12 and a 12 month high of $74.77. The company has a market capitalization of $833.31 million, a P/E ratio of -493.78, a P/E/G ratio of 4.07 and a beta of 0.53. The stock has a 50 day moving average of $52.59 and a two-hundred day moving average of $54.12. The company has a current ratio of 2.19, a quick ratio of 1.09 and a debt-to-equity ratio of 0.49.

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

Institutional Trading of Forum Energy Technologies

A number of large investors have recently bought and sold shares of FET. Meeder Asset Management Inc. acquired a new position in Forum Energy Technologies during the fourth quarter worth $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Forum Energy Technologies in the 4th quarter valued at $37,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Forum Energy Technologies in the 4th quarter valued at $75,000. Tower Research Capital LLC TRC grew its holdings in shares of Forum Energy Technologies by 558.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,088 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 1,771 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Forum Energy Technologies in the 1st quarter worth about $126,000. 65.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP John C. Ivascu sold 5,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $70.63, for a total value of $353,150.00. Following the completion of the transaction, the executive vice president directly owned 85,512 shares of the company’s stock, valued at approximately $6,039,712.56. This represents a 5.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael Dewayne Danford sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $55.49, for a total value of $166,470.00. Following the completion of the transaction, the senior vice president directly owned 54,139 shares of the company’s stock, valued at approximately $3,004,173.11. The trade was a 5.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 7.70% of the stock is currently owned by insiders.

Trending Headlines about Forum Energy Technologies

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

• Positive Sentiment: Sidoti raised its EPS forecast for Q3 2026 to $1.20 from $0.51 and its FY2026 forecast to $3.88 from $2.08. The firm also increased its estimates for Q2, Q3 and Q4 2027, lifting its FY2027 EPS forecast to $5.19 from $3.09. These revisions signal expectations for stronger profitability and are well above the current full-year consensus estimate of $2.16. Sidoti earnings estimates
• Positive Sentiment: The improved outlook follows Forum Energy Technologies’ latest quarterly results, in which the oilfield-services company reported $1.16 in EPS and $226.2 million in revenue, exceeding analyst expectations of $0.56 and $212.4 million, respectively. The company’s restructuring progress and recent earnings execution are supporting investor confidence. Forum Energy Technology Shares Rise As Restructuring Progresses
• Neutral Sentiment: EVP John Ivascu sold 5,000 FET shares for approximately $353,150, reducing his direct ownership by 5.52%. Because the transaction was made under a pre-arranged Rule 10b5-1 trading plan and he retained 85,512 shares, the sale is a limited signal rather than clear evidence of deteriorating insider confidence. FET insider sale
• Negative Sentiment: Sidoti lowered its Q1 2027 EPS estimate to $0.67 from $0.75, indicating that near-term quarterly performance may be uneven despite the stronger annual outlook.
• Negative Sentiment: Analyst sentiment remains mixed: available coverage includes Hold and Sell ratings, with MarketBeat reporting an overall “Reduce” consensus. The stock is also trading close to its 52-week high, which may increase sensitivity to profit-taking if execution fails to match the elevated forecasts.

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.