Q3 EPS Estimates for Forum Energy Technologies Cut by Sidoti

Forum Energy Technologies, Inc. (NYSE:FET) – Sidoti lowered their Q3 2026 EPS estimates for shares of Forum Energy Technologies in a research note issued on Monday, February 23rd. Sidoti analyst S. Ferazani now expects that the oil and gas company will earn $0.49 per share for the quarter, down from their prior estimate of $0.89. Sidoti also issued estimates for Forum Energy Technologies’ Q4 2026 earnings at $0.58 EPS, FY2026 earnings at $1.99 EPS and FY2027 earnings at $3.11 EPS.

Several other equities research analysts have also recently issued reports on FET. Wall Street Zen upgraded shares of Forum Energy Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. 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, Weiss Ratings restated a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Forum Energy Technologies Stock Down 5.3%

NYSE FET opened at $58.77 on Wednesday. Forum Energy Technologies has a 52 week low of $12.78 and a 52 week high of $63.58. 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 business’s fifty day simple moving average is $43.91 and its 200-day simple moving average is $33.80. The firm has a market cap of $668.81 million, a PE ratio of -66.03, a P/E/G ratio of 5.75 and a beta of 0.64.

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

Institutional Investors Weigh In On Forum Energy Technologies

A number of institutional investors have recently modified their holdings of the company. Keyframe Capital Partners L.P. lifted 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 worth $16,521,000 after acquiring an additional 66,322 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in 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 worth $15,806,000 after purchasing an additional 21,033 shares during the period. IES Holdings Inc. acquired a new stake in shares of Forum Energy Technologies during the fourth quarter worth about $20,107,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Forum Energy Technologies by 3.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 296,996 shares of the oil and gas company’s stock valued at $7,906,000 after purchasing an additional 8,917 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Forum Energy Technologies by 62.3% in the third quarter. JPMorgan Chase & Co. now owns 262,316 shares of the oil and gas company’s stock valued at $7,006,000 after purchasing an additional 100,720 shares in the last quarter. 65.60% of the stock is owned by institutional investors and hedge funds.

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.