Sidoti Equities Analysts Lift Earnings Estimates for FET

Forum Energy Technologies, Inc. (NYSE:FET) – Investment analysts at Sidoti upped their Q1 2027 earnings estimates for shares of Forum Energy Technologies in a research note issued on Monday, August 24th. Sidoti analyst S. Ferazani now anticipates that the oil and gas company will post earnings of $0.96 per share for the quarter, up from their prior estimate 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.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Friday, July 17th. Zacks Research raised Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Forum Energy Technologies Trading Up 1.2%

Shares of FET stock opened at $76.99 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 2.19 and a debt-to-equity ratio of 0.49. The business has a 50-day moving average price of $60.92 and a two-hundred day moving average price of $57.91. Forum Energy Technologies has a 12-month low of $24.57 and a 12-month high of $87.42. The firm has a market cap of $866.16 million, a P/E ratio of -513.25, a price-to-earnings-growth ratio of 2.37 and a beta of 0.53.

Forum Energy Technologies (NYSE:FET) last released its earnings results on Thursday, July 30th. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.60. The business had revenue of $226.22 million for the quarter, compared to analysts’ expectations 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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FET. Arrowstreet Capital Limited Partnership boosted its position in Forum Energy Technologies by 66.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 152,403 shares of the oil and gas company’s stock valued at $8,940,000 after buying an additional 60,711 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Forum Energy Technologies in the 2nd quarter worth $1,444,000. Walleye Capital LLC purchased a new position in shares of Forum Energy Technologies in the first quarter valued at about $1,632,000. Independent Financial Group LLC purchased a new position in shares of Forum Energy Technologies in the first quarter valued at about $1,746,000. Finally, Hillsdale Investment Management Inc. bought a new position in shares of Forum Energy Technologies during the first quarter valued at about $7,682,000. Institutional investors own 65.60% of the company’s stock.

Insider Activity

In other news, SVP Michael Dewayne Danford sold 1,500 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $78.91, for a total value of $118,365.00. Following the completion of the sale, the senior vice president owned 52,639 shares of the company’s stock, valued at approximately $4,153,743.49. The trade was a 2.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John C. Ivascu sold 5,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $70.63, for a total value of $353,150.00. Following the sale, the executive vice president owned 85,512 shares of the company’s stock, valued at $6,039,712.56. This represents a 5.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 11,500 shares of company stock worth $877,615. Company 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.