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

Forum Energy Technologies (NYSE:FET) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Wednesday, October 8th. Zacks Research raised shares of Forum Energy Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Forum Energy Technologies Price Performance

Forum Energy Technologies stock opened at $35.57 on Friday. The business’s fifty day moving average is $31.00 and its two-hundred day moving average is $25.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.01 and a current ratio of 2.19. The firm has a market cap of $404.79 million, a P/E ratio of -3.76, a P/E/G ratio of 8.05 and a beta of 0.58. Forum Energy Technologies has a 52 week low of $12.78 and a 52 week high of $37.46.

Forum Energy Technologies (NYSE:FET) last announced its earnings results on Friday, October 31st. The oil and gas company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. Forum Energy Technologies had a negative return on equity of 1.07% and a negative net margin of 14.58%.The company had revenue of $196.23 million during the quarter, compared to analyst estimates of $194.35 million.

Institutional Investors Weigh In On Forum Energy Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in Forum Energy Technologies by 4.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,342 shares of the oil and gas company’s stock valued at $671,000 after buying an additional 1,480 shares during the period. Nuveen LLC bought a new stake in shares of Forum Energy Technologies during the 1st quarter valued at $720,000. American Century Companies Inc. lifted its stake in shares of Forum Energy Technologies by 92.6% in the 1st quarter. American Century Companies Inc. now owns 138,560 shares of the oil and gas company’s stock valued at $2,786,000 after purchasing an additional 66,620 shares during the period. Trexquant Investment LP lifted its stake in shares of Forum Energy Technologies by 27.9% in the 1st quarter. Trexquant Investment LP now owns 26,023 shares of the oil and gas company’s stock valued at $523,000 after purchasing an additional 5,681 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Forum Energy Technologies in the 1st quarter worth $486,000. 65.60% of the stock is owned by institutional investors.

Trending Headlines about Forum Energy Technologies

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

• Positive Sentiment: Sidoti sharply raised its FY2027 EPS view to $4.26 from $3.25, signalling a materially stronger multi‑year earnings outlook that could justify re‑rating the shares if realized. MarketBeat Report
• Positive Sentiment: The firm boosted FY2026 EPS to $2.56 from $2.25, indicating expectations for continued earnings acceleration through next year. MarketBeat Report
• Positive Sentiment: Sidoti nudged FY2025 EPS up to $0.62 from $0.58, a modest near‑term upgrade that reduces downside risk for the current fiscal year. MarketBeat Report
• Positive Sentiment: Quarterly raises: Q1 2026 was lifted to $0.32 from $0.19 and Q2 2026 to $0.43 from $0.28 — these cadence upgrades suggest stronger sequential momentum in early 2026. MarketBeat Report
• Positive Sentiment: Sidoti also raised Q4 2025 to $0.44 from $0.40 and Q3 2026 to $0.88 from $0.85 — incremental lifts across quarters reinforce the upgraded annual trajectory. MarketBeat Report
• Negative Sentiment: One small cut: Sidoti trimmed Q4 2026 to $0.96 from $0.98. This is a very minor downgrade relative to the broader set of raises and is unlikely to materially alter the positive forward view. MarketBeat Report

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.