FET stock forecast, quote, news & analysis
Forum Energy Technologies Inc is a manufacturing company serving the oil, natural gas, industrial, and renewable energy industries... Show more
Forum Energy Technologies (FET) Stock Analysis: Earnings Beat and Raised Guidance Keep Momentum Intact
Key Takeaways
- Forum Energy Technologies shares finished a recent session near $80, up roughly 6% over the trailing 30 days.
- Second-quarter 2026 adjusted EPS of $1.16 beat consensus estimates by $0.60, while revenue of about $226 million topped expectations.
- Management raised full-year 2026 guidance to $870–$910 million in revenue and $115–$125 million in adjusted EBITDA.
- Orders of $236 million produced a book-to-bill ratio of 104%, and net leverage declined to roughly 1.1 times.
- Institutional investors hold about 66% of shares, and analyst sentiment is mixed but leans positive.
Current Market Snapshot
Forum Energy Technologies shares have maintained an upward bias in recent weeks, supported by a stronger-than-expected second-quarter report and an upgraded full-year outlook. After a sharp advance following results released in late July, the stock touched a 52-week high of $87.42 in mid-August before consolidating near $80. Over the trailing 30 days, FET has added roughly 6%, building on a substantially larger gain over the trailing three-month period as investors reassess the company's earnings trajectory.
The stock carries a market capitalization of roughly $920 million and a beta near 0.53, reflecting relatively low volatility compared with the broader market. Institutional ownership stands at about 65.6%, indicating meaningful professional participation in the name.
Forum Energy Technologies (FET) Business Overview and Competitive Position
Forum Energy Technologies is a Houston-based global manufacturer of engineered equipment and consumable products serving the oil and natural gas, defense, and renewable energy industries. Its offerings support drilling, well completions, subsea operations, artificial lift, production, and energy infrastructure, with customers ranging from exploration-and-production operators to major oilfield service companies.
The business is organized around two primary segments. The Drilling and Completions segment, which represents roughly 60% of revenue, supplies high-pressure pumps, subsea robotics, and related technologies. The Artificial Lift and Downhole segment provides well construction, casing, cementing, and flow-control products. Approximately 80% of revenue comes from activity-based consumables that require regular replacement, creating a comparatively resilient demand profile, while about half of sales are generated outside the United States. Management's "Beat the Market" strategy emphasizes share gains, margin expansion, and an asset-light model, positioning FET as a differentiated competitor rather than a pure play on rig-count growth.
Recent Developments Driving FET
The most significant catalyst in recent weeks was the company's second-quarter 2026 earnings release. Forum Energy Technologies reported adjusted earnings per share of $1.16, well above the $0.56 consensus estimate, and revenue of roughly $226 million, an 8% sequential increase that also exceeded analyst forecasts. Adjusted EBITDA rose 39% sequentially to $32 million, and orders reached $236 million for a book-to-bill ratio of 104%.
Management raised its full-year 2026 guidance to $870–$910 million in revenue, $115–$125 million in adjusted EBITDA, $42–$52 million in adjusted net income, and $57–$77 million in free cash flow, implying roughly 13% revenue growth and about 40% EBITDA growth year over year. The company also reduced net debt to approximately $115 million, lowered net leverage to 1.1 times, and repurchased about $8 million of stock during the first half of the year.
Analyst actions have been mixed but tilted positive. Wall Street Zen and Zacks Research each upgraded the stock to strong-buy ratings, while Weiss Ratings has maintained a sell rating; MarketBeat's aggregate view is "Moderate Buy." Institutional activity has also been notable, with several funds establishing or adding to positions during the second quarter.
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2026 Outlook and What Investors Should Watch
Looking ahead, the next earnings report is estimated for late October 2026, and investors will be watching whether Forum Energy Technologies sustains its momentum in revenue growth, margin expansion, and free-cash-flow conversion. Key factors include order activity and book-to-bill trends, continued market-share gains, and progress on international expansion in regions such as the Middle East and Latin America.
Demand themes tied to power generation and data-center cooling represent an emerging growth avenue, with new stationary radiator products beginning to generate commercial orders. At the same time, the company remains sensitive to oilfield activity levels, energy prices, and global drilling activity, as well as macroeconomic and geopolitical conditions. Balance-sheet flexibility, disciplined capital allocation, and execution against the company's longer-term "FET 2030" growth plan will be central to the investment narrative over the remainder of 2026.
Disclaimer
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Aroon Indicator for FET shows an upward move is likely
FET's Aroon Indicator triggered a bullish signal on August 27, 2026. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 207 similar instances where the Aroon Indicator showed a similar pattern. In 183 of the 207 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at 88%.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +3.32% 3-day Advance, the price is estimated to grow further. Considering data from situations where FET advanced for three days, in 249 of 314 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
Bearish Trend Analysis
The 10-day RSI Indicator for FET moved out of overbought territory on August 19, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator moved out of overbought territory. In 28 of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at 68%.
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Momentum Indicator moved below the 0 level on September 25, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on FET as a result. In 65 of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 74%.
The Moving Average Convergence Divergence Histogram (MACD) for FET turned negative on August 21, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 37 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 76%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FET declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 80%.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 7 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 35 (best 1 - 100 worst), indicating steady price growth. FET’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 77 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.280) is normal, around the industry mean (3.537). P/E Ratio (13.263) is within average values for comparable stocks, (89.761). Projected Growth (PEG Ratio) (1.886) is also within normal values, averaging (1.689). Dividend Yield (0.000) settles around the average of (0.012) among similar stocks. P/S Ratio (1.123) is also within normal values, averaging (1.663).
The Tickeron SMR rating for this company is 91 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 98 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a manufacturer of oilfield equipment
Industry OilfieldServicesEquipment