Wall Street Zen Downgrades Forum Energy Technologies (NYSE:FET) to Buy

Posted by Brian Himes on Jul 27th, 2026

Forum Energy Technologies (NYSE:FET – Get Free Report) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

A number of other equities analysts also recently weighed in on the stock. Zacks Research downgraded shares of Forum Energy Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Check Out Our Latest Stock Report on FET

Forum Energy Technologies Trading Up 0.1%

Shares of FET opened at $57.91 on Friday. The business’s 50-day moving average price is $52.23 and its 200 day moving average price is $53.12. The stock has a market capitalization of $654.44 million, a P/E ratio of -98.16, a P/E/G ratio of 3.35 and a beta of 0.54. Forum Energy Technologies has a 1-year low of $18.12 and a 1-year high of $65.43. The company has a current ratio of 2.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54.

Forum Energy Technologies (NYSE:FET – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.03. Forum Energy Technologies had a positive return on equity of 4.15% and a negative net margin of 0.78%.The firm had revenue of $208.70 million for the quarter, compared to the consensus estimate of $201.30 million. Analysts expect that Forum Energy Technologies will post 2.16 earnings per share for the current year.

Insider Buying and Selling at Forum Energy Technologies

In related news, SVP Michael Dewayne Danford sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $55.49, for a total transaction of $166,470.00. Following the completion of the sale, the senior vice president directly owned 54,139 shares of the company’s stock, valued at approximately $3,004,173.11. This represents a 5.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in Forum Energy Technologies by 7.0% during the fourth quarter. Russell Investments Group Ltd. now owns 9,442 shares of the oil and gas company’s stock valued at $349,000 after acquiring an additional 618 shares during the period. Victory Capital Management Inc. grew its position in shares of Forum Energy Technologies by 5.8% in the third quarter. Victory Capital Management Inc. now owns 14,402 shares of the oil and gas company’s stock valued at $385,000 after purchasing an additional 793 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Forum Energy Technologies in the fourth quarter worth about $35,000. Raymond James Financial Inc. increased its stake in shares of Forum Energy Technologies by 10.1% in the third quarter. Raymond James Financial Inc. now owns 10,604 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 971 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Forum Energy Technologies during the 4th quarter worth about $37,000. Institutional investors own 65.60% of the company’s stock.

About Forum Energy Technologies

(Get Free Report)

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.