Forum Energy Technologies (NYSE:FET) Shares Gap Up on Strong Earnings

Shares of Forum Energy Technologies, Inc. (NYSE:FET) gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $53.03, but opened at $55.21. Forum Energy Technologies shares last traded at $56.5520, with a volume of 69,462 shares changing hands.

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 firm had revenue of $202.20 million during 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%.

Key Headlines Impacting Forum Energy Technologies

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.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Thursday, January 22nd. Zacks Research raised shares of Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Wall Street Zen raised shares of Forum Energy Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Forum Energy Technologies presently has an average rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its position in Forum Energy Technologies by 461.5% in the 4th quarter. Invesco Ltd. now owns 100,209 shares of the oil and gas company’s stock valued at $3,703,000 after purchasing an additional 82,363 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Forum Energy Technologies by 17.3% during the fourth quarter. Mackenzie Financial Corp now owns 57,907 shares of the oil and gas company’s stock worth $2,161,000 after buying an additional 8,539 shares during the period. Empowered Funds LLC raised its holdings in Forum Energy Technologies by 81.8% in the fourth quarter. Empowered Funds LLC now owns 60,254 shares of the oil and gas company’s stock valued at $2,226,000 after acquiring an additional 27,118 shares in the last quarter. Quadrature Capital Ltd raised its holdings in Forum Energy Technologies by 18.9% in the fourth quarter. Quadrature Capital Ltd now owns 12,527 shares of the oil and gas company’s stock valued at $463,000 after acquiring an additional 1,989 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Forum Energy Technologies in the fourth quarter worth approximately $3,041,000. 65.60% of the stock is owned by institutional investors and hedge funds.

Forum Energy Technologies Stock Up 8.7%

The firm’s fifty day simple moving average is $42.39 and its 200 day simple moving average is $32.86. 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 company has a market cap of $655.81 million, a price-to-earnings ratio of -64.75, a PEG ratio of 4.03 and a beta of 0.64.

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.