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Forum Energy Tech (FET)
NYSE:FET
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Forum Energy Tech (FET) Price & Analysis

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FET Stock Chart & Stats

$76.55
-$1.26(-2.18%)
At close: 4:00 PM EDT
$76.55
-$1.26(-2.18%)

Bulls Say, Bears Say

Bulls Say
Raised Growth OutlookHigher full-year revenue and EBITDA targets, following a quarterly beat, indicate improving demand and operating execution. The upgraded outlook supports the case for stronger earnings over the next several quarters and suggests recent momentum is extending beyond a single reporting period.
Demand And Backlog SupportOrders exceeding revenue over most recent quarters indicate that customer demand is replenishing the backlog faster than sales are being converted. That provides forward revenue visibility and supports utilization across FET’s drilling, completion, and production product portfolio.
Cash Generation And DeleveragingPositive operating and free cash flow gives FET internally generated funds to support investment, debt reduction, and shareholder returns. Combined with lower net leverage, this improves financial flexibility and makes the recovery less dependent on external financing.
Bears Say
Net Profitability Remains NegativeDespite improving revenue and positive EBIT, FET has not yet converted operating gains into sustained bottom-line profit. Continued net losses can limit retained capital, weaken shareholder returns, and leave earnings more vulnerable to interest, tax, or mix pressures.
Leverage Remains Elevated Versus 2023Leverage has risen materially from 2023 even as recent net debt improved, leaving less balance-sheet flexibility than the earlier period. Higher debt relative to equity can increase financing sensitivity and constrain investment or capital returns if industry conditions weaken.
Cyclical Oilfield Demand ExposureBecause sales depend on upstream operators’ and drilling contractors’ activity and capital budgets, FET remains exposed to the investment cycle of oil and gas customers. A sustained activity slowdown could reduce equipment orders, service utilization, and aftermarket revenue.

Forum Energy Tech News

FET FAQ

What was Forum Energy Tech’s price range in the past 12 months?
Forum Energy Tech lowest stock price was $26.00 and its highest was $89.93 in the past 12 months.
    What is Forum Energy Tech’s market cap?
    Forum Energy Tech’s market cap is $966.00M.
      When is Forum Energy Tech’s upcoming earnings report date?
      Forum Energy Tech’s upcoming earnings report date is Oct 30, 2026 which is in 6 days.
        How were Forum Energy Tech’s earnings last quarter?
        Forum Energy Tech released its earnings results on Jul 30, 2026. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.565 by $0.595.
          Is Forum Energy Tech overvalued?
          According to Wall Street analysts Forum Energy Tech’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does Forum Energy Tech pay dividends?
            Forum Energy Tech does not currently pay dividends.
            What is Forum Energy Tech’s EPS estimate?
            Forum Energy Tech’s EPS estimate is 1.22.
              How many shares outstanding does Forum Energy Tech have?
              Forum Energy Tech has 11,472,699 shares outstanding.
                What happened to Forum Energy Tech’s price movement after its last earnings report?
                Forum Energy Tech reported an EPS of $1.16 in its last earnings report, beating expectations of $0.565. Following the earnings report the stock price went up 21.855%.
                  Which hedge fund is a major shareholder of Forum Energy Tech?
                  Currently, no hedge funds are holding shares in FET
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Forum Energy Tech

                    Forum Energy Technologies, Inc. is a global provider that develops, produces, and distributes essential equipment and services for the oil and natural gas, industrial, and renewable energy industries, operating in both the United States and internationally. The company organizes its operations into three main segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and provides products and related services for drilling, well construction, artificial lift, and subsea energy infrastructure markets. Its applications span oil and natural gas, renewable energy, defense, and communications. Offerings in this division include capital drilling equipment and various consumables for the drilling process; well casing and cementing tools, alongside protective gear for artificial lift systems and cables; and advanced subsea technologies such as remotely operated vehicles (ROVs), trenchers, submarine rescue vehicles, specialized components, and complementary technical services. The Completions segment supplies a range of equipment for well completion and intervention services. This encompasses hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron, catering to pressure pumping, hydraulic fracturing, and flowback operations. Additionally, it offers wireline cable, pressure control apparatus, coiled tubing strings, and coiled line pipe. The Production segment is dedicated to developing, manufacturing, and supplying products, equipment, and associated services for production and infrastructure needs. Its portfolio includes custom engineered process systems, various types of production equipment, specialized separation units, and a broad array of industrial valves. These serve a diverse customer base, including oil and natural gas companies, power generation facilities, renewable energy projects, and other general industrial applications. Forum Energy Technologies, Inc. was established in 2005, initially named Forum Oilfield Technologies, Inc., before rebranding to its current name in August 2010. The company's headquarters are located in Houston, Texas.

                    Forum Energy Tech (FET) Earnings & Revenues

                    FET Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call presented multiple strong operational and financial beats: revenue, EBITDA, and net income growth; margin expansion; deleveraging; raised full-year guidance; and several strategic product wins and international expansion initiatives. Challenges were limited to regional geopolitical headwinds in the Middle East, timing-related dips in certain product shipments, modest quarter-to-quarter free cash flow, and some receivables build. Overall, the positive developments, upgraded guidance, and balance-sheet improvement outweigh the contained headwinds.View all FET earnings summaries
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                    Ownership Overview

                    7.05%23.99%0.56%43.83%
                    0.56% Other Institutional Investors
                    43.83% Public Companies and
                    Individual Investors
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