Forum Energy Technologies, Inc. (NYSE:FET - Free Report) - Equities researchers at Sidoti Csr decreased their Q3 2025 earnings per share (EPS) estimates for shares of Forum Energy Technologies in a research note issued to investors on Monday, August 11th. Sidoti Csr analyst S. Ferazani now anticipates that the oil and gas company will earn $0.24 per share for the quarter, down from their prior forecast of $0.58. Sidoti Csr also issued estimates for Forum Energy Technologies' FY2025 earnings at $0.76 EPS, Q1 2026 earnings at $0.30 EPS and FY2026 earnings at $2.09 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 (EPS) 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 company had revenue of $199.80 million during the quarter, compared to the consensus estimate of $190.50 million.
A number of other brokerages also recently weighed in on FET. Zacks Research downgraded shares of Forum Energy Technologies from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. 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. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of "Sell".
View Our Latest Research Report on FET
Forum Energy Technologies Trading Down 1.8%
Shares of Forum Energy Technologies stock traded down $0.4210 during trading on Thursday, hitting $23.3390. 22,999 shares of the company were exchanged, compared to its average volume of 77,167. The firm has a market capitalization of $277.73 million, a P/E ratio of -2.62, a price-to-earnings-growth ratio of 3.31 and a beta of 0.88. Forum Energy Technologies has a 1-year low of $12.78 and a 1-year high of $24.33. The firm's fifty day moving average price is $20.03 and its 200 day moving average price is $17.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.41 and a quick ratio of 1.13.
Institutional Investors Weigh In On Forum Energy Technologies
Hedge funds and other institutional investors have recently modified their holdings of the company. Headlands Technologies LLC boosted its position in shares of Forum Energy Technologies by 196.6% in the first quarter. Headlands Technologies LLC now owns 1,237 shares of the oil and gas company's stock worth $25,000 after acquiring an additional 820 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Forum Energy Technologies by 63.7% in the fourth quarter. Russell Investments Group Ltd. now owns 2,208 shares of the oil and gas company's stock valued at $34,000 after buying an additional 859 shares during the period. Empowered Funds LLC raised its holdings in Forum Energy Technologies by 8.8% in the first quarter. Empowered Funds LLC now owns 13,908 shares of the oil and gas company's stock valued at $280,000 after buying an additional 1,127 shares during the period. Tower Research Capital LLC TRC raised its holdings in Forum Energy Technologies by 126.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,360 shares of the oil and gas company's stock valued at $37,000 after buying an additional 1,319 shares during the period. Finally, Man Group plc raised its holdings in Forum Energy Technologies by 12.0% in the second quarter. Man Group plc now owns 13,275 shares of the oil and gas company's stock valued at $258,000 after buying an additional 1,426 shares during the period. 65.60% of the stock is currently owned by hedge funds and other institutional investors.
About Forum Energy Technologies
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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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