Forum Energy Technologies (NYSE:FET) Issues Earnings Results, Beats Estimates By $0.03 EPS

Forum Energy Technologies (NYSE:FET) announced its quarterly earnings data on Thursday. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03, Zacks reports. The business had revenue of $208.70 million for the quarter, compared to analysts’ expectations of $201.30 million. Forum Energy Technologies had a negative net margin of 0.78% and a positive return on equity of 4.06%.

Forum Energy Technologies Price Performance

Shares of FET traded down $4.44 during trading hours on Friday, reaching $58.43. The stock had a trading volume of 451,226 shares, compared to its average volume of 133,085. Forum Energy Technologies has a 12 month low of $13.55 and a 12 month high of $65.43. The stock has a market capitalization of $662.01 million, a PE ratio of -65.65, a PEG ratio of 3.89 and a beta of 0.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 2.17. The company’s 50-day moving average is $59.00 and its two-hundred day moving average is $44.36.

Insider Activity at Forum Energy Technologies

In other news, EVP John C. Ivascu sold 4,392 shares of the stock in a transaction on 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 directly owned 81,599 shares in the company, valued at approximately $4,896,755.99. This represents a 5.11% decrease in their position. The sale was disclosed in a legal 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

Large investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Forum Energy Technologies in the 4th quarter valued at $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Forum Energy Technologies in the fourth quarter worth $37,000. Tower Research Capital LLC TRC grew its stake in shares of Forum Energy Technologies by 558.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,088 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 1,771 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Forum Energy Technologies in the fourth quarter worth $75,000. Finally, Osaic Holdings Inc. bought a new stake in shares of Forum Energy Technologies in the second quarter worth $78,000. 65.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Zacks Research raised shares of Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of Forum Energy Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Forum Energy Technologies News Roundup

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

• Positive Sentiment: Management raised the full‑year EBITDA midpoint to $103M and issued Q2 EBITDA guidance of $24M–$30M, signaling stronger profit expectations for 2026. Forum Energy Technologies forecasts Q2 EBITDA…
• Positive Sentiment: Q1 results showed revenue growth (about +8% YoY to ~$208.7M) and management highlighted record backlog and strong bookings, supporting medium‑term revenue visibility. Forum Energy Technologies Fires Up Q1 2026 Performance…
• Neutral Sentiment: Company-issued revenue guidance: Q2 $200M–$225M and FY $800M–$880M (FY midpoint ~ $840M), roughly in line with consensus — guidance is constructive but not a large beat. (Company update 5/1/2026)
• Neutral Sentiment: Management commentary and the earnings‑call transcript expand on backlog conversion and margin drivers; investors should listen for specifics on timing of bookings turning into revenue. Forum Energy Technologies Inc Q1 2026 Earnings Call Highlights
• Negative Sentiment: Cash from operations plunged year‑over‑year (reported very low operating cash generation in Q1), which raises short‑term liquidity and working‑capital sensitivity concerns despite higher revenues. Forum Energy Technologies Inc. Releases Q1 2026 Earnings
• Negative Sentiment: Recent insider selling was disclosed, which can sap investor confidence even as fundamentals improve. Forum Energy Technologies Inc. Releases Q1 2026 Earnings

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.