Forum Energy Technologies (NYSE:FET) Rating Increased to Buy at Wall Street Zen

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

FET has been the topic of several other research reports. Zacks Research upgraded shares of Forum Energy Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Forum Energy Technologies Stock Up 0.4%

Shares of FET stock opened at $35.57 on Friday. Forum Energy Technologies has a 12 month low of $12.78 and a 12 month high of $37.46. 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 firm has a market cap of $404.79 million, a PE ratio of -3.76, a price-to-earnings-growth ratio of 8.05 and a beta of 0.58. The stock has a 50 day moving average of $31.00 and a 200-day moving average of $25.36.

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

Hedge Funds Weigh In On Forum Energy Technologies

Several hedge funds and other institutional investors have recently modified their holdings of FET. Keyframe Capital Partners L.P. boosted its stake in Forum Energy Technologies by 8.5% in 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 buying an additional 66,322 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Forum Energy Technologies by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 591,741 shares of the oil and gas company’s stock valued at $15,806,000 after acquiring an additional 21,033 shares during the period. PenderFund Capital Management Ltd. boosted its stake in shares of Forum Energy Technologies by 89.7% in 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 in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Forum Energy Technologies by 3.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 296,996 shares of the oil and gas company’s stock worth $7,906,000 after purchasing an additional 8,917 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Forum Energy Technologies by 62.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 262,316 shares of the oil and gas company’s stock worth $7,006,000 after purchasing an additional 100,720 shares in the last quarter. Institutional investors own 65.60% of the company’s stock.

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.