Sidoti Equities Analysts Lift Earnings Estimates for FET

Forum Energy Technologies, Inc. (NYSE:FET) – Stock analysts at Sidoti increased their Q1 2026 EPS estimates for Forum Energy Technologies in a research report issued to clients and investors on Monday, February 23rd. Sidoti analyst S. Ferazani now expects that the oil and gas company will earn $0.42 per share for the quarter, up from their previous forecast of $0.32. Sidoti also issued estimates for Forum Energy Technologies’ Q2 2026 earnings at $0.50 EPS.

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

FET has been the topic of several other reports. Zacks Research upgraded shares of Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Thursday, January 22nd. Finally, Wall Street Zen raised Forum Energy Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Forum Energy Technologies currently has an average rating of “Moderate Buy”.

Forum Energy Technologies Price Performance

NYSE FET opened at $58.77 on Tuesday. The firm’s 50 day moving average is $43.91 and its 200-day moving average is $33.80. The company has a quick ratio of 1.01, a current ratio of 2.19 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $668.81 million, a PE ratio of -66.03, a price-to-earnings-growth ratio of 5.75 and a beta of 0.64. Forum Energy Technologies has a 12-month low of $12.78 and a 12-month high of $63.58.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. New York State Teachers Retirement System acquired a new stake in Forum Energy Technologies during the 3rd quarter valued at $27,000. Meeder Asset Management Inc. acquired a new stake in shares of Forum Energy Technologies during the 4th quarter worth about $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Forum Energy Technologies during the 4th quarter worth about $37,000. Tower Research Capital LLC TRC boosted its holdings in shares of Forum Energy Technologies by 558.7% during 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 buying an additional 1,771 shares during the period. Finally, Federated Hermes Inc. grew its stake in Forum Energy Technologies by 166.7% in the 3rd 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 during the last quarter. 65.60% of the stock is owned by institutional investors and hedge funds.

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.