Equities Analysts Issue Forecasts for FET Q1 Earnings

Key Points

• Sidoti raised Forum Energy Technologies’ Q1 2027 EPS forecast to $1.10 from $0.96, while projecting $5.72 EPS for FY2027 and $6.83 for FY2028.
• Forum’s latest quarter exceeded expectations, with EPS of $1.51 versus the $1.22 consensus and revenue of $236.81 million versus estimates of $233.35 million.
• Analyst sentiment remains mixed to negative: Weiss Ratings reiterated a sell rating, Zacks downgraded the stock to hold, and MarketBeat reports an overall “Reduce” rating; FET recently traded at $77.83.

Forum Energy Technologies, Inc. (NYSE:FET - Free Report) - Investment analysts at Sidoti increased their Q1 2027 earnings per share (EPS) estimates for Forum Energy Technologies in a note issued to investors on Monday, November 2nd. Sidoti analyst S. Ferazani now expects that the oil and gas company will post earnings per share of $1.10 for the quarter, up from their prior estimate of $0.96. The consensus estimate for Forum Energy Technologies' current full-year earnings is $4.01 per share. Sidoti also issued estimates for Forum Energy Technologies' Q2 2027 earnings at $1.38 EPS, Q3 2027 earnings at $1.66 EPS, Q4 2027 earnings at $1.59 EPS, FY2027 earnings at $5.72 EPS and FY2028 earnings at $6.83 EPS.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Forum Energy Technologies in a research note on Thursday, October 15th. Zacks Research lowered Forum Energy Technologies from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 23rd. Finally, Wall Street Zen raised Forum Energy Technologies from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 2nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce".

Forum Energy Technologies Price Performance

FET stock opened at $77.83 on Tuesday. The company has a fifty day moving average price of $82.59 and a 200-day moving average price of $62.96. The company has a market capitalization of $875.62 million, a P/E ratio of 30.64, a PEG ratio of 2.83 and a beta of 0.68. Forum Energy Technologies has a 52-week low of $26.58 and a 52-week high of $91.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.13 and a current ratio of 2.19.

Forum Energy Technologies (NYSE:FET - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The oil and gas company reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.29. Forum Energy Technologies had a negative net margin of 0.19% and a positive return on equity of 9.45%. The business had revenue of $236.81 million during the quarter, compared to analyst estimates of $233.35 million.

Insider Buying and Selling

In other news, EVP John Ivascu sold 5,000 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $81.22, for a total value of $406,100.00. Following the sale, the executive vice president directly owned 80,512 shares of the company's stock, valued at approximately $6,539,184.64. This represents a 5.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael Danford sold 1,500 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $78.91, for a total transaction of $118,365.00. Following the sale, the senior vice president owned 52,639 shares of the company's stock, valued at approximately $4,153,743.49. This trade represents a 2.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,500 shares of company stock worth $975,123 in the last 90 days. Corporate insiders own 7.70% of the company's stock.

Institutional Trading of Forum Energy Technologies

Large investors have recently bought and sold shares of the business. Vise Technologies Inc. acquired a new stake in shares of Forum Energy Technologies during the 3rd quarter worth approximately $287,000. Inspire Investing LLC acquired a new position in shares of Forum Energy Technologies during the 3rd quarter valued at $633,000. Range Financial Group LLC acquired a new position in shares of Forum Energy Technologies during the 3rd quarter valued at $385,000. State of Alaska Department of Revenue bought a new position in Forum Energy Technologies during the third quarter worth $28,000. Finally, GAMMA Investing LLC boosted its stake in Forum Energy Technologies by 39.6% during the third quarter. GAMMA Investing LLC now owns 666 shares of the oil and gas company's stock worth $54,000 after acquiring an additional 189 shares in the last quarter. 65.60% of the stock is currently owned by institutional investors and hedge funds.

Forum Energy Technologies Company Profile

Forum Energy Technologies, Inc NYSE: FET is a global manufacturer of oilfield and industrial equipment serving the exploration, development and production segments of the energy industry. The company designs and supplies products used in drilling, well completion, production and subsea operations.

Forum's product offerings include drilling and downhole tools, drilling motors, wireline and well-intervention equipment, pressure-control systems, hydraulic-fracturing and stimulation equipment, artificial-lift products, and subsea remotely operated vehicle systems.

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