Q2 EPS Forecast for Forum Energy Technologies Cut by Analyst

Key Points

• Analysts at Sidoti Csr have cut their Q2 2026 earnings per share forecast for Forum Energy Technologies to $0.55, down from $0.61.
• Despite the earnings estimate downgrade, Wall Street Zen has upgraded Forum Energy Technologies from a "hold" rating to a "buy" rating.
• Forum Energy Technologies reported a quarterly loss of ($0.10) earnings per share, significantly missing analysts' expectations of $0.15, while revenue exceeded estimates at $199.80 million.

Forum Energy Technologies, Inc. (NYSE:FET - Free Report) - Analysts at Sidoti Csr lowered their Q2 2026 earnings estimates for shares of Forum Energy Technologies in a research report issued to clients and investors on Monday, August 11th. Sidoti Csr analyst S. Ferazani now anticipates that the oil and gas company will earn $0.55 per share for the quarter, down from their previous forecast of $0.61. Sidoti Csr also issued estimates for Forum Energy Technologies' Q3 2026 earnings at $0.66 EPS and Q4 2026 earnings at $0.59 EPS.

Separately, Wall Street Zen upgraded shares of Forum Energy Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 6th.

Forum Energy Technologies Stock Performance

FET opened at $22.70 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 1.10 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $270.13 million, a PE ratio of -2.56, a PEG ratio of 2.48 and a beta of 0.88. The firm's 50-day moving average price is $19.45 and its 200 day moving average price is $17.75. Forum Energy Technologies has a twelve month low of $12.78 and a twelve month high of $23.01.

Forum Energy Technologies (NYSE:FET - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The oil and gas company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.25). The business had revenue of $199.80 million for the quarter, compared to analyst estimates of $190.50 million. Forum Energy Technologies had a negative return on equity of 2.51% and a negative net margin of 13.65%.

Institutional Investors Weigh In On Forum Energy Technologies

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in Forum Energy Technologies by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 507,263 shares of the oil and gas company's stock worth $7,857,000 after buying an additional 18,236 shares during the period. PenderFund Capital Management Ltd. increased its stake in Forum Energy Technologies by 89.7% during the 1st quarter. PenderFund Capital Management Ltd. now owns 377,679 shares of the oil and gas company's stock worth $7,595,000 after buying an additional 178,557 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Forum Energy Technologies by 3.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 288,079 shares of the oil and gas company's stock worth $5,548,000 after buying an additional 9,748 shares during the period. American Century Companies Inc. increased its stake in Forum Energy Technologies by 69.4% during the 2nd quarter. American Century Companies Inc. now owns 234,735 shares of the oil and gas company's stock worth $4,570,000 after buying an additional 96,175 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Forum Energy Technologies by 204.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 161,596 shares of the oil and gas company's stock valued at $3,146,000 after purchasing an additional 108,490 shares in the last quarter. 65.60% of the stock is owned by hedge funds and other institutional investors.

Forum Energy Technologies Company Profile

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.

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