Sidoti Has Positive Estimate for FET FY2026 Earnings

Key Points

• Sidoti raised its FY2026 EPS estimate for Forum Energy Technologies to $2.08 (from $1.99), above the $2.02 consensus, and projects FY2027 EPS of $3.09 with quarterly breakdowns.
• Forum beat Q1 expectations, reporting $0.47 EPS versus $0.44 expected and revenue of $208.7M versus $201.3M, with shares trading around $59.33 and a market cap near $672M.
• Analyst views are mixed—ratings range from Strong Buy to Sell with a MarketBeat consensus of “Moderate Buy”—and an EVP recently sold 4,392 shares, reducing their stake by about 5.11%.

Forum Energy Technologies, Inc. (NYSE:FET - Free Report) - Sidoti raised their FY2026 earnings per share (EPS) estimates for Forum Energy Technologies in a note issued to investors on Monday, May 4th. Sidoti analyst S. Ferazani now forecasts that the oil and gas company will post earnings per share of $2.08 for the year, up from their prior forecast of $1.99. The consensus estimate for Forum Energy Technologies' current full-year earnings is $2.02 per share. Sidoti also issued estimates for Forum Energy Technologies' Q1 2027 earnings at $0.75 EPS, Q2 2027 earnings at $0.79 EPS, Q3 2027 earnings at $0.74 EPS, Q4 2027 earnings at $0.81 EPS and FY2027 earnings at $3.09 EPS.

Other research analysts have also issued research reports about the company. Wall Street Zen lowered Forum Energy Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Zacks Research upgraded Forum Energy Technologies from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 24th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Forum Energy Technologies in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Forum Energy Technologies Trading Up 1.0%

Shares of Forum Energy Technologies stock opened at $59.33 on Tuesday. The firm has a market cap of $672.19 million, a price-to-earnings ratio of -100.55, a PEG ratio of 3.63 and a beta of 0.60. The business has a 50-day moving average price of $59.00 and a 200-day moving average price of $44.61. The company has a quick ratio of 1.01, a current ratio of 2.17 and a debt-to-equity ratio of 0.46. Forum Energy Technologies has a twelve month low of $13.55 and a twelve month high of $65.43.

Forum Energy Technologies (NYSE:FET - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.03. The firm had revenue of $208.70 million during the quarter, compared to analyst estimates of $201.30 million. Forum Energy Technologies had a positive return on equity of 4.06% and a negative net margin of 0.78%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new position in Forum Energy Technologies in the fourth quarter worth about $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Forum Energy Technologies in the fourth quarter worth about $37,000. New York State Teachers Retirement System purchased a new position in Forum Energy Technologies in the third quarter worth about $27,000. Federated Hermes Inc. grew its position in Forum Energy Technologies by 166.7% in the third quarter. Federated Hermes Inc. now owns 1,616 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in Forum Energy Technologies in the fourth quarter worth about $75,000. Hedge funds and other institutional investors own 65.60% of the company's stock.

Insider Buying and Selling

In related news, EVP John C. Ivascu sold 4,392 shares of Forum Energy Technologies stock in a transaction dated 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 owned 81,599 shares in the company, valued at approximately $4,896,755.99. This trade represents a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.70% 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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