Q1 EPS Estimates for Forum Energy Technologies Cut by Sidoti

Forum Energy Technologies, Inc. (NYSE:FET) – Analysts at Sidoti reduced their Q1 2027 earnings estimates for shares of Forum Energy Technologies in a research report issued to clients and investors on Monday, August 3rd. Sidoti analyst S. Ferazani now expects that the oil and gas company will post earnings per share of $0.67 for the quarter, down from their prior estimate of $0.75. The consensus estimate for Forum Energy Technologies’ current full-year earnings is $2.16 per share.

Several other analysts have also recently issued reports on FET. Weiss Ratings reiterated a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Friday, July 17th. Zacks Research cut Forum Energy Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Wall Street Zen upgraded Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday. 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, the company has a consensus rating of “Reduce”.

Forum Energy Technologies Trading Up 12.6%

Shares of FET stock opened at $70.58 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 2.23. The stock has a fifty day simple moving average of $52.24 and a two-hundred day simple moving average of $53.88. The firm has a market capitalization of $797.88 million, a PE ratio of -470.53, a PEG ratio of 3.63 and a beta of 0.54. Forum Energy Technologies has a 52-week low of $18.12 and a 52-week high of $71.73.

Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.60. The firm had revenue of $226.22 million during the quarter, compared to analysts’ expectations of $212.35 million. Forum Energy Technologies had a negative net margin of 0.19% and a positive return on equity of 9.45%.

Institutional Investors Weigh In On Forum Energy Technologies

Large investors have recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Forum Energy Technologies during the fourth quarter valued at approximately $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Forum Energy Technologies during the 4th quarter valued at approximately $37,000. Kemnay Advisory Services Inc. bought a new position in shares of Forum Energy Technologies during the 4th quarter valued at approximately $75,000. Tower Research Capital LLC TRC grew its holdings 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 valued at $41,000 after purchasing an additional 1,771 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Forum Energy Technologies in the first quarter valued at $126,000. 65.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Forum Energy Technologies news, SVP Michael Dewayne Danford sold 3,000 shares of the stock in a transaction dated 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 transaction, the senior vice president owned 54,139 shares of the company’s stock, valued at $3,004,173.11. This represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.70% of the stock is currently owned by insiders.

Forum Energy Technologies Company Profile

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.