Sidoti Equities Analysts Increase Earnings Estimates for FET

Key Points

• Sidoti raised its FY2026 EPS estimate for Forum Energy Technologies to $4.59 from $4.01 and forecast Q4 2026 EPS of $1.42.
• FET reported quarterly EPS of $1.51, beating the $1.22 consensus, while revenue of $236.81 million also exceeded expectations of $233.35 million.
• Analyst views remain mixed: MarketBeat reports an average rating of “Reduce,” with ratings including Hold and Sell as well as recent upgrades and downgrades.

Forum Energy Technologies, Inc. (NYSE:FET - Free Report) - Equities researchers at Sidoti raised their FY2026 earnings estimates for Forum Energy Technologies in a report released on Monday, November 2nd. Sidoti analyst S. Ferazani now expects that the oil and gas company will post earnings per share of $4.59 for the year, up from their previous forecast of $4.01. The consensus estimate for Forum Energy Technologies' current full-year earnings is $4.01 per share. Sidoti also issued estimates for Forum Energy Technologies' Q4 2026 earnings at $1.42 EPS.

A number of other equities analysts have also commented on FET. Weiss Ratings reiterated a "sell (d-)" rating on shares of Forum Energy Technologies in a report on Thursday, October 15th. Wall Street Zen upgraded Forum Energy Technologies from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 2nd. Finally, Zacks Research lowered Forum Energy Technologies from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 23rd. One investment 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, Forum Energy Technologies presently has an average rating of "Reduce".

Forum Energy Technologies Price Performance

FET opened at $77.17 on Wednesday. The company has a fifty day simple moving average of $82.61 and a 200 day simple moving average of $63.14. The firm has a market cap of $885.08 million, a price-to-earnings ratio of 30.38, a PEG ratio of 2.42 and a beta of 0.71. Forum Energy Technologies has a twelve month low of $27.30 and a twelve month high of $91.99. The company has a current ratio of 2.04, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40.

Forum Energy Technologies (NYSE:FET - Get Free Report) last posted its earnings results on Thursday, October 29th. The oil and gas company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.29. Forum Energy Technologies had a net margin of 3.46% and a return on equity of 14.38%. The business had revenue of $236.81 million for the quarter, compared to analysts' expectations of $233.35 million.

Insider Buying and Selling

In related news, EVP John Ivascu sold 4,300 shares of Forum Energy Technologies stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $90.14, for a total value of $387,602.00. Following the completion of the sale, the executive vice president owned 75,512 shares in the company, valued at approximately $6,806,651.68. The trade was a 5.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michael Danford sold 1,500 shares of Forum Energy Technologies 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 completion of 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,500 shares of company stock valued at $975,123 in the last three months. Corporate insiders own 7.70% of the company's stock.

Institutional Investors Weigh In On Forum Energy Technologies

A number of institutional investors have recently modified their holdings of FET. BlackRock Inc. acquired a new position in Forum Energy Technologies in the second quarter worth $47,765,000. Dimensional Fund Advisors LP lifted its position in shares of Forum Energy Technologies by 5.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 626,938 shares of the oil and gas company's stock worth $36,775,000 after buying an additional 33,802 shares during the last quarter. De Lisle Partners LLP acquired a new position in shares of Forum Energy Technologies in the 2nd quarter valued at about $11,389,000. Arrowstreet Capital Limited Partnership raised its stake in Forum Energy Technologies by 66.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 152,403 shares of the oil and gas company's stock worth $8,940,000 after acquiring an additional 60,711 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Forum Energy Technologies by 23.7% during the first quarter. Renaissance Technologies LLC now owns 140,475 shares of the oil and gas company's stock worth $8,240,000 after acquiring an additional 26,875 shares during the period. Institutional investors and hedge funds own 65.60% of the company's stock.

Forum Energy Technologies News Summary

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

• Positive Sentiment: Sidoti lifted its FY2026 EPS forecast to $4.59 from $4.01 and its Q4 2026 estimate to $1.42 from $1.16. For FY2027, it raised its forecast to $5.72 from $5.49; its FY2028 estimate is $6.83. The earnings-call coverage also highlights a raised full-year outlook. Forum Energy Technologies Inc (FET) Q3 2026 Earnings Call Highlights
• Negative Sentiment: Sidoti trimmed its Q2 2027 EPS estimate to $1.38 from $1.44, a counterpoint to its otherwise higher forecasts for the year.

About Forum Energy Technologies

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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