Forum Energy Technologies (NYSE:FET) Stock Jumps 7.5% – What’s Next?

Posted by George Bondi on Oct 21st, 2026

Forum Energy Technologies, Inc. (NYSE:FET – Get Free Report) shot up 7.5% during mid-day trading on Monday. The stock traded as high as $84.71 and last traded at $84.64. Approximately 152,747 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 197,342 shares. The stock had previously closed at $78.70.

Analyst Upgrades and Downgrades

FET has been the subject of a number of recent research reports. Zacks Research upgraded Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Thursday, October 15th. Finally, Wall Street Zen upgraded Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Forum Energy Technologies presently has an average rating of “Moderate Buy”.

Read Our Latest Report on Forum Energy Technologies

Forum Energy Technologies Trading Down 1.3%

The company has a fifty day simple moving average of $81.80 and a 200-day simple moving average of $65.28. The company has a current ratio of 2.19, a quick ratio of 1.13 and a debt-to-equity ratio of 0.49. The stock has a market cap of $944.68 million, a price-to-earnings ratio of -559.78, a P/E/G ratio of 2.76 and a beta of 0.68.

Forum Energy Technologies (NYSE:FET – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.60. Forum Energy Technologies had a negative net margin of 0.19% and a positive return on equity of 9.45%. The company had revenue of $226.22 million during the quarter, compared to analyst estimates of $212.35 million. On average, research analysts forecast that Forum Energy Technologies, Inc. will post 3.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Forum Energy Technologies

In other news, SVP Michael Danford sold 1,500 shares of Forum Energy Technologies stock in a transaction on Monday, August 10th. The stock was sold at an average price of $78.91, for a total transaction of $118,365.00. Following the transaction, the senior vice president owned 52,639 shares in the company, valued at approximately $4,153,743.49. The trade was a 2.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Ivascu sold 5,000 shares of Forum Energy Technologies stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $81.22, for a total value of $406,100.00. Following the transaction, the executive vice president directly owned 80,512 shares in the company, valued at approximately $6,539,184.64. This trade represents a 5.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 11,500 shares of company stock valued at $877,615. 7.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Forum Energy Technologies

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Forum Energy Technologies during the third quarter worth $28,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Forum Energy Technologies in the second quarter worth about $33,000. GAMMA Investing LLC lifted its position in shares of Forum Energy Technologies by 39.6% in the third quarter. GAMMA Investing LLC now owns 666 shares of the oil and gas company’s stock worth $54,000 after buying an additional 189 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Forum Energy Technologies by 23.6% during the 2nd quarter. IFP Advisors Inc now owns 1,289 shares of the oil and gas company’s stock worth $65,000 after acquiring an additional 246 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Forum Energy Technologies during the 2nd quarter worth about $96,000. Institutional investors and hedge funds own 65.60% of the company’s stock.

Forum Energy Technologies Company Profile

(Get Free Report)

Forum Energy Technologies, Inc is an oilfield services and manufacturing company that develops and supplies equipment used in the exploration, drilling, completion and production of oil and natural gas wells. The company serves oil and gas operators, drilling contractors and other energy-service businesses.

Its product portfolio includes drilling and downhole tools, equipment for well completions, pressure-control and production equipment, and subsea products used in offshore energy operations.