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

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

Several other research analysts also recently weighed in on the company. Zacks Research upgraded Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Forum Energy Technologies Trading Up 8.7%

Shares of FET stock opened at $57.63 on Friday. The company has a market capitalization of $655.81 million, a price-to-earnings ratio of -64.75, a PEG ratio of 4.03 and a beta of 0.64. The company has a current ratio of 2.19, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $42.39 and a 200 day moving average price of $32.86. Forum Energy Technologies has a twelve month low of $12.78 and a twelve month high of $58.80.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings results on Thursday, February 19th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05. The company had revenue of $202.20 million for the quarter, compared to analysts’ expectations of $190.50 million. Forum Energy Technologies had a negative net margin of 1.22% and a positive return on equity of 2.35%.

Hedge Funds Weigh In On Forum Energy Technologies

A number of hedge funds have recently made changes to their positions in FET. New York State Teachers Retirement System acquired a new position in shares of Forum Energy Technologies during the 3rd quarter valued at $27,000. Meeder Asset Management Inc. purchased a new position in Forum Energy Technologies in the fourth quarter valued at about $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Forum Energy Technologies during the fourth quarter worth about $37,000. Tower Research Capital LLC TRC boosted its position in shares of 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 buying an additional 1,771 shares during the period. Finally, Federated Hermes Inc. grew its stake in shares of Forum Energy Technologies by 166.7% in the third quarter. Federated Hermes Inc. now owns 1,616 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 1,010 shares in the last quarter. Hedge funds and other institutional investors own 65.60% of the company’s stock.

Forum Energy Technologies News Summary

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

• Positive Sentiment: Q4 results beat — FET reported adjusted EPS of $0.41 (vs. $0.36 consensus) and revenue of $202.2M (vs. $190.5M), showing a recovery from the prior year and giving investors confidence in demand. Read More.
• Positive Sentiment: Upward FY‑2026 revenue outlook — management set revenue guidance of roughly $800M–$880M, above consensus (~$793.7M), implying modest top‑line growth and supporting valuation re‑rating. Read More.
• Positive Sentiment: Cash‑flow targets and market‑share gains — management outlined a 6% revenue growth target for 2026 and a $55M–$75M free‑cash‑flow target, signaling improved cash conversion that can fund buybacks/debt reduction. Read More.
• Positive Sentiment: Large share repurchase in 2025 — the company repurchased ~11% of shares outstanding last year, which reduces float and boosts EPS leverage if results continue improving. Read More.
• Neutral Sentiment: Management commentary — the earnings call/transcripts expand on growth drivers (market share, product mix) and capital allocation priorities; useful for gauging sustainability but not an immediate catalyst by itself. Read More. | Read More.
• Negative Sentiment: Profitability still mixed — despite the beat, trailing metrics show slim or negative margins and limited ROE in some reports; execution must continue to convert revenue into sustained net profit. Read More.

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.