Q3 EPS Forecast for Forum Energy Technologies Cut by Analyst

Forum Energy Technologies, Inc. (NYSE:FET) – Equities research analysts at Sidoti lowered their Q3 2026 earnings per share estimates for Forum Energy Technologies in a research note issued to investors on Monday, February 23rd. Sidoti analyst S. Ferazani now forecasts that the oil and gas company will earn $0.49 per share for the quarter, down from their prior estimate of $0.89. Sidoti also issued estimates for Forum Energy Technologies’ Q4 2026 earnings at $0.58 EPS, FY2026 earnings at $1.99 EPS and FY2027 earnings at $3.11 EPS.

FET has been the topic of several other reports. Wall Street Zen raised shares of Forum Energy Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Research upgraded shares of Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Forum Energy Technologies has a consensus rating of “Moderate Buy”.

Forum Energy Technologies Price Performance

Shares of NYSE:FET opened at $61.99 on Wednesday. Forum Energy Technologies has a twelve month low of $12.78 and a twelve month high of $62.73. The company has a current ratio of 2.19, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47. The company has a market cap of $705.47 million, a PE ratio of -69.65, a price-to-earnings-growth ratio of 4.45 and a beta of 0.64. The company’s 50 day moving average is $43.46 and its 200 day moving average is $33.62.

Forum Energy Technologies (NYSE:FET) last released its earnings results on Thursday, February 19th. The oil and gas company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $202.20 million during the quarter, compared to the consensus estimate of $190.50 million. Forum Energy Technologies had a positive return on equity of 2.35% and a negative net margin of 1.22%.

Institutional Investors Weigh In On Forum Energy Technologies

Large investors have recently modified their holdings of the business. IES Holdings Inc. acquired a new position in Forum Energy Technologies during the fourth quarter worth about $20,107,000. AQR Capital Management LLC lifted its stake in shares of Forum Energy Technologies by 1,327.5% in the 4th quarter. AQR Capital Management LLC now owns 146,203 shares of the oil and gas company’s stock valued at $5,402,000 after purchasing an additional 135,961 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Forum Energy Technologies by 204.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 161,596 shares of the oil and gas company’s stock worth $3,146,000 after acquiring an additional 108,490 shares in the last quarter. American Century Companies Inc. lifted its holdings in Forum Energy Technologies by 69.4% during the 2nd quarter. American Century Companies Inc. now owns 234,735 shares of the oil and gas company’s stock worth $4,570,000 after buying an additional 96,175 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Forum Energy Technologies by 461.5% during the 4th quarter. Invesco Ltd. now owns 100,209 shares of the oil and gas company’s stock worth $3,703,000 after acquiring an additional 82,363 shares in the last quarter. Hedge funds and other institutional investors own 65.60% of the company’s stock.

About Forum Energy Technologies

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.