Research Analysts Issue Forecasts for FET Q2 Earnings

Key Points

• Sidoti raised its Q2 2026 EPS estimate to $0.53 (from $0.42) and forecasts Q3 at $0.51 and Q4 at $0.56, with the consensus full‑year EPS at $2.07.
• Forum beat Q1 expectations with EPS of $0.47 (vs. $0.44 est.) and revenue of $208.7M (vs. $201.3M), but still showed a negative net margin of -0.78% despite a positive return on equity of 4.15%.
• Analyst views are mixed—ratings range from Sell to Strong Buy and MarketBeat's consensus is "Moderate Buy"; the stock trades near $59.51 (market cap ≈ $674M), insiders recently sold shares, and institutions own about 65.6%.

Forum Energy Technologies, Inc. (NYSE:FET - Free Report) - Equities researchers at Sidoti boosted their Q2 2026 earnings per share (EPS) estimates for shares of Forum Energy Technologies in a report released on Monday, May 4th. Sidoti analyst S. Ferazani now anticipates that the oil and gas company will post earnings of $0.53 per share for the quarter, up from their previous forecast of $0.42. The consensus estimate for Forum Energy Technologies' current full-year earnings is $2.07 per share. Sidoti also issued estimates for Forum Energy Technologies' Q3 2026 earnings at $0.51 EPS and Q4 2026 earnings at $0.56 EPS.

Forum Energy Technologies (NYSE:FET - Get Free Report) last announced its earnings results on Thursday, April 30th. The oil and gas company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.03. The firm had revenue of $208.70 million for the quarter, compared to analysts' expectations of $201.30 million. Forum Energy Technologies had a positive return on equity of 4.15% and a negative net margin of 0.78%.

FET has been the subject of a number of other research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Forum Energy Technologies in a research report on Tuesday, April 21st. Wall Street Zen cut shares of Forum Energy Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Zacks Research upgraded shares of Forum Energy Technologies from a "hold" rating to a "strong-buy" rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Forum Energy Technologies currently has a consensus rating of "Moderate Buy".

Forum Energy Technologies Stock Down 0.0%

Shares of NYSE:FET opened at $59.51 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 2.23 and a debt-to-equity ratio of 0.54. Forum Energy Technologies has a 52-week low of $13.55 and a 52-week high of $65.43. The stock's fifty day simple moving average is $59.04 and its 200-day simple moving average is $44.83. The company has a market capitalization of $674.24 million, a P/E ratio of -100.86, a P/E/G ratio of 3.60 and a beta of 0.60.

Insider Activity at Forum Energy Technologies

In related news, EVP John C. Ivascu sold 4,392 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $60.01, for a total value of $263,563.92. Following the completion of the transaction, the executive vice president directly owned 81,599 shares in the company, valued at approximately $4,896,755.99. This represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FET. New York State Teachers Retirement System acquired a new stake in shares of Forum Energy Technologies in the third quarter worth approximately $27,000. Meeder Asset Management Inc. acquired a new position in Forum Energy Technologies during the fourth quarter worth approximately $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Forum Energy Technologies during the fourth quarter worth approximately $37,000. Tower Research Capital LLC TRC raised its stake in Forum Energy Technologies by 558.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,088 shares of the oil and gas company's stock worth $41,000 after purchasing an additional 1,771 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of Forum Energy Technologies by 166.7% in the 3rd quarter. Federated Hermes Inc. now owns 1,616 shares of the oil and gas company's stock valued at $43,000 after purchasing an additional 1,010 shares during the last quarter. Institutional investors and hedge funds own 65.60% of the company's stock.

Forum Energy Technologies Company Profile

Forum Energy Technologies Inc is a global provider of advanced products and services to the oil and gas industry. The company's offerings span the full lifecycle of exploration and production, including drilling, well construction, completion and production, and subsea operations. Key product lines include premium drill bits, downhole drilling motors, directional drilling tools, subsea umbilicals, and pressure control equipment, complemented by field service support and engineered solutions for complex projects.

Established through the merger of Forum Oilfield Technologies, Triton Group, Global Energy Group, and Allen International in 2010, Forum Energy Technologies has built a diversified technology portfolio designed to meet evolving industry requirements.

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