Sidoti Csr Analysts Lift Earnings Estimates for FET

Forum Energy Technologies, Inc. (NYSE:FET) – Equities researchers at Sidoti Csr upped their Q3 2026 earnings per share (EPS) estimates for Forum Energy Technologies in a research note issued to investors on Monday, November 3rd. Sidoti Csr analyst S. Ferazani now anticipates that the oil and gas company will post earnings of $0.85 per share for the quarter, up from their previous forecast of $0.74. Sidoti Csr also issued estimates for Forum Energy Technologies’ Q4 2026 earnings at $0.98 EPS.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Wednesday, October 8th. Zacks Research cut shares of Forum Energy Technologies from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen raised shares of Forum Energy Technologies from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Forum Energy Technologies Trading Down 3.2%

Shares of NYSE FET opened at $27.95 on Tuesday. Forum Energy Technologies has a 1-year low of $12.78 and a 1-year high of $33.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.13. The business’s 50 day moving average is $27.39 and its two-hundred day moving average is $21.53. The stock has a market capitalization of $332.68 million, a P/E ratio of -3.14, a PEG ratio of 7.95 and a beta of 0.89.

Forum Energy Technologies (NYSE:FET) last issued its quarterly earnings data on Thursday, October 30th. The oil and gas company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.08. Forum Energy Technologies had a negative return on equity of 2.51% and a negative net margin of 13.65%.The company had revenue of $196.23 million for the quarter, compared to analysts’ expectations of $194.35 million.

Institutional Investors Weigh In On Forum Energy Technologies

Hedge funds have recently modified their holdings of the business. PenderFund Capital Management Ltd. lifted its holdings in shares of Forum Energy Technologies by 89.7% during the 1st quarter. PenderFund Capital Management Ltd. now owns 377,679 shares of the oil and gas company’s stock valued at $7,595,000 after purchasing an additional 178,557 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Forum Energy Technologies by 204.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 161,596 shares of the oil and gas company’s stock valued at $3,146,000 after purchasing an additional 108,490 shares in the last quarter. American Century Companies Inc. increased its stake in Forum Energy Technologies by 69.4% during the 2nd quarter. American Century Companies Inc. now owns 234,735 shares of the oil and gas company’s stock valued at $4,570,000 after purchasing an additional 96,175 shares in the last quarter. JB Capital Partners LP acquired a new position in Forum Energy Technologies during the 2nd quarter valued at approximately $1,398,000. Finally, Keyframe Capital Partners L.P. increased its stake in Forum Energy Technologies by 8.5% during the 2nd quarter. Keyframe Capital Partners L.P. now owns 848,519 shares of the oil and gas company’s stock valued at $16,521,000 after purchasing an additional 66,322 shares in the last quarter. Hedge funds and other institutional investors own 65.60% of the company’s stock.

Forum Energy Technologies Company Profile

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.