Sidoti Has Bearish Forecast for FET Q2 Earnings

Forum Energy Technologies, Inc. (NYSE:FET) – Equities research analysts at Sidoti lowered their Q2 2026 earnings per share (EPS) estimates for shares of Forum Energy Technologies in a report released on Monday, April 20th. Sidoti analyst S. Ferazani now expects that the oil and gas company will post earnings of $0.42 per share for the quarter, down from their prior forecast of $0.50. The consensus estimate for Forum Energy Technologies’ current full-year earnings is $2.02 per share. Sidoti also issued estimates for Forum Energy Technologies’ Q3 2026 earnings at $0.56 EPS and Q4 2026 earnings at $0.60 EPS.

Several other brokerages have also weighed in on FET. Zacks Research lowered Forum Energy Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Wall Street Zen raised Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Forum Energy Technologies has an average rating of “Reduce”.

Forum Energy Technologies Trading Up 3.3%

Shares of FET opened at $59.36 on Wednesday. The business has a 50-day moving average of $57.55 and a 200 day moving average of $42.94. Forum Energy Technologies has a fifty-two week low of $13.55 and a fifty-two week high of $63.58. The firm has a market cap of $672.50 million, a P/E ratio of -66.69, a price-to-earnings-growth ratio of 3.56 and a beta of 0.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 2.17.

Forum Energy Technologies (NYSE:FET) last announced 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 2.40% and a negative net margin of 1.22%.The company had revenue of $202.20 million during the quarter, compared to analyst estimates of $190.50 million.

Institutional Trading of Forum Energy Technologies

Hedge funds have recently bought and sold shares of the company. JB Capital Partners LP lifted its position in Forum Energy Technologies by 68.2% in the 3rd quarter. JB Capital Partners LP now owns 120,800 shares of the oil and gas company’s stock worth $3,227,000 after buying an additional 49,000 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Forum Energy Technologies by 62.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 262,316 shares of the oil and gas company’s stock worth $7,006,000 after buying an additional 100,720 shares during the last quarter. Ritholtz Wealth Management bought a new stake in Forum Energy Technologies in the 4th quarter worth approximately $1,196,000. Strs Ohio lifted its position in Forum Energy Technologies by 468.4% in the 3rd quarter. Strs Ohio now owns 21,600 shares of the oil and gas company’s stock worth $577,000 after buying an additional 17,800 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its position in Forum Energy Technologies by 24.4% in the 4th quarter. Hsbc Holdings PLC now owns 25,810 shares of the oil and gas company’s stock worth $959,000 after buying an additional 5,063 shares during the last quarter. Institutional investors own 65.60% of the company’s stock.

Insider Activity

In other news, EVP John C. Ivascu sold 4,392 shares of Forum Energy Technologies stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $60.01, for a total transaction of $263,563.92. Following the completion of the sale, the executive vice president owned 81,599 shares in the company, valued at approximately $4,896,755.99. This trade represents a 5.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.70% of the company’s stock.

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.