Sidoti Csr Issues Pessimistic Forecast for FET Earnings

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) - Equities research analysts at Sidoti Csr lowered their Q2 2026 EPS 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 expects that the oil and gas company will post earnings of $0.55 per share for the quarter, down from their prior estimate 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.

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 the consensus estimate of $0.15 by ($0.25). Forum Energy Technologies had a negative return on equity of 2.51% and a negative net margin of 13.65%. The business had revenue of $199.80 million during the quarter, compared to the consensus estimate of $190.50 million.

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

Forum Energy Technologies Stock Up 1.2%

NYSE:FET traded up $0.28 during mid-day trading on Wednesday, hitting $23.76. 138,688 shares of the company's stock were exchanged, compared to its average volume of 77,531. Forum Energy Technologies has a one year low of $12.78 and a one year high of $24.33. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.13. The business has a fifty day moving average price of $19.89 and a 200 day moving average price of $17.86. The company has a market cap of $282.76 million, a PE ratio of -2.67, a P/E/G ratio of 3.31 and a beta of 0.88.

Hedge Funds Weigh In On Forum Energy Technologies

Several institutional investors have recently bought and sold shares of FET. Keyframe Capital Partners L.P. increased its stake in Forum Energy Technologies by 8.5% in the 2nd quarter. Keyframe Capital Partners L.P. now owns 848,519 shares of the oil and gas company's stock worth $16,521,000 after buying an additional 66,322 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Forum Energy Technologies by 3.7% in 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 last quarter. PenderFund Capital Management Ltd. boosted its stake in Forum Energy Technologies by 89.7% in 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 purchasing an additional 178,557 shares in the last quarter. Allspring Global Investments Holdings LLC lifted 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 valued at $5,548,000 after acquiring an additional 9,748 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of Forum Energy Technologies by 69.4% in the 2nd quarter. American Century Companies Inc. now owns 234,735 shares of the oil and gas company's stock valued at $4,570,000 after purchasing an additional 96,175 shares during the period. Institutional investors own 65.60% of the company's stock.

About Forum Energy Technologies

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.