Forum Energy Technologies (NYSE:FET) Stock Rating Upgraded by Zacks Research

Posted by Francis Steltz on Aug 6th, 2026

Forum Energy Technologies (NYSE:FET – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on FET. Wall Street Zen raised shares of Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a report on Sunday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Friday, July 17th. One equities 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.com, the stock presently has a consensus rating of “Moderate Buy”.

View Our Latest Analysis on FET

Forum Energy Technologies Price Performance

NYSE FET opened at $75.28 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 2.19 and a debt-to-equity ratio of 0.49. The company has a market cap of $846.96 million, a PE ratio of -501.87, a price-to-earnings-growth ratio of 3.04 and a beta of 0.53. Forum Energy Technologies has a 52 week low of $18.12 and a 52 week high of $75.89. The firm’s 50-day simple moving average is $53.02 and its two-hundred day simple moving average is $54.36.

Forum Energy Technologies (NYSE:FET – Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $212.35 million. Research analysts predict that Forum Energy Technologies will post 3.06 earnings per share for the current year.

Insider Activity

In other news, EVP John C. Ivascu sold 5,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $70.63, for a total value of $353,150.00. Following the completion of the transaction, the executive vice president owned 85,512 shares of the company’s stock, valued at approximately $6,039,712.56. This represents a 5.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael Dewayne Danford sold 3,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $55.49, for a total value of $166,470.00. Following the completion of the transaction, the senior vice president owned 54,139 shares of the company’s stock, valued at approximately $3,004,173.11. This trade represents a 5.25% decrease in their position. The SEC filing for this sale provides additional information. 7.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Forum Energy Technologies

Institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Forum Energy Technologies by 66.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 152,403 shares of the oil and gas company’s stock worth $8,940,000 after acquiring an additional 60,711 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in Forum Energy Technologies in the 4th quarter worth about $1,196,000. Hillsdale Investment Management Inc. bought a new stake in Forum Energy Technologies in the first quarter worth about $7,682,000. Independent Financial Group LLC purchased a new position in shares of Forum Energy Technologies during the first quarter valued at approximately $1,746,000. Finally, Walleye Capital LLC purchased a new position in shares of Forum Energy Technologies during the first quarter valued at approximately $1,632,000. Hedge funds and other institutional investors own 65.60% of the company’s stock.

Forum Energy Technologies News Summary

Here are the key news stories impacting Forum Energy Technologies this week:

Positive Sentiment: Analysts raised most forward earnings forecasts. Sidoti increased its estimates for FET’s Q3 and Q4 2026, FY2026, and Q2–Q4 2027. Its FY2026 EPS forecast rose to $3.88 from $2.08, while its FY2027 forecast increased to $5.19 from $3.09. These revisions suggest expectations for improving profitability and are a key factor supporting investor interest. Sidoti earnings estimate revisions
Positive Sentiment: Recent operating results exceeded expectations. Forum Energy reported quarterly EPS of $1.16 versus the $0.56 consensus estimate, while revenue of $226.22 million surpassed the $212.35 million forecast. The earnings beat and ongoing restructuring progress have helped reinforce the bullish momentum around the shares. Forum Energy Technologies management article
Neutral Sentiment: FET reached a 52-week high, but sustainability is uncertain. Zacks highlighted the stock’s strong performance and examined whether fundamentals can support additional gains. The shares have significantly outperformed their 50-day and 200-day moving averages, indicating strong momentum but also an elevated risk of profit-taking. FET 52-week high analysis
Neutral Sentiment: Sector performance remains a consideration. Zacks compared Forum Energy with NOV and the broader oil-and-energy sector, giving investors context for whether FET’s gains reflect company-specific strength or wider industry momentum. FET sector performance analysis
Negative Sentiment: Sidoti lowered its Q1 2027 EPS estimate to $0.67 from $0.75. Although most forecasts were raised, this isolated downgrade suggests potential near-term variability in earnings. Sidoti cuts FET earnings estimates
Negative Sentiment: An executive sold shares. EVP John Ivascu sold 5,000 shares worth approximately $353,150 under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance and he retained 85,512 shares, it is a modest cautionary signal rather than clear evidence of deteriorating fundamentals. FET insider sale

Forum Energy Technologies Company Profile

(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.