Forum Energy Technologies (NYSE:FET) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Forum Energy Technologies (NYSE:FET) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

FET has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Thursday, January 22nd. 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. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Forum Energy Technologies Stock Performance

FET stock opened at $58.48 on Tuesday. The company has a 50 day moving average price of $44.37 and a 200 day moving average price of $33.97. Forum Energy Technologies has a fifty-two week low of $12.78 and a fifty-two week high of $63.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.19 and a quick ratio of 1.01. The stock has a market capitalization of $665.50 million, a PE ratio of -65.71, a price-to-earnings-growth ratio of 5.46 and a beta of 0.64.

Forum Energy Technologies (NYSE:FET) last released its earnings results on Thursday, February 19th. The oil and gas company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.36 by $0.05. The company had revenue of $202.20 million during the quarter, compared to analysts’ expectations 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 Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in Forum Energy Technologies during the third quarter valued at approximately $27,000. Meeder Asset Management Inc. acquired a new position in shares of Forum Energy Technologies in the 4th quarter valued at $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Forum Energy Technologies in the 4th quarter valued at $37,000. Tower Research Capital LLC TRC increased its position in shares of Forum Energy Technologies by 558.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,088 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 1,771 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Forum Energy Technologies by 166.7% during the 3rd quarter. Federated Hermes Inc. now owns 1,616 shares of the oil and gas company’s stock worth $43,000 after buying an additional 1,010 shares during the period. Institutional investors own 65.60% of the company’s stock.

Key Stories Impacting Forum Energy Technologies

Here are the key news stories impacting Forum Energy Technologies this week:

• Positive Sentiment: Quarterly results and presentation showed an earnings and revenue beat for Q4 (management presentation posted), supporting near-term fundamentals and cash-flow expectations. Q4 Results Presentation
• Positive Sentiment: AmericanBankingNews reports Sidoti Equities published a note lifting certain earnings estimates for FET (this item can provide a counterweight to negative headlines if sustained). Sidoti Lifts Estimates
• Neutral Sentiment: The company posted its earnings presentation and related disclosures — useful for modeling near-term revenue mix and margin trends but not an immediate directional catalyst beyond the beat. Earnings Presentation
• Negative Sentiment: Zacks Research downgraded FET from “strong-buy” to “hold,” removing a buy-side endorsement that can reduce demand for the shares. Zacks Downgrade
• Negative Sentiment: Kalkine flagged a rating cut tied to NYSE composite considerations — framing broader index/analyst sentiment as turning cautious, which can pressure momentum names like FET. Forum Faces Rating Cut
• Negative Sentiment: Sidoti also issued downward revisions to several forward EPS estimates (Q3/Q4 FY2026 and FY2026–FY2027 cuts reported), which reduces forward earnings visibility and likely drove part of the sell pressure. Sidoti Estimate Cuts

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.