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
Why Is Forum Energy Technologies (FET) Stock Down -8.55% Today?
Key Takeaways
- FET shares plunged 8.55% to $57.50 from the previous close of $62.87 during today's trading session.
- The sell-off followed the release of first-quarter 2026 earnings, which beat EPS and revenue estimates at $0.47 versus $0.44 expected.
- Company raised full-year 2026 adjusted EBITDA guidance, but investors appeared to take profits after a strong multi-month rally.
- Trading volume rose slightly to 237,633 shares versus the average of 226,032.
- Energy sector peers showed mixed performance amid broader market rotation away from oils.
- Traders eye the post-earnings conference call comments and oil price developments for near-term direction.
Opening Summary
Forum Energy Technologies, Inc. (FET), a Houston-based designer and manufacturer of products for the oil, natural gas, defense, and renewable energy sectors, saw its shares drop sharply today. The stock fell 8.55% to $57.50 from the prior session's closing price of $62.87, with the market open and trading active. The decline reflects a market reaction to the company's first-quarter earnings report, which exceeded expectations but triggered profit-taking amid the stock's recent gains.
Earnings Results
FET reported first-quarter 2026 adjusted EPS of $0.47, surpassing the consensus estimate of $0.44, while revenue also topped forecasts. The company raised its full-year 2026 adjusted EBITDA guidance, signaling confidence in ongoing demand for its drilling, completions, artificial lift, and downhole products. Despite the positive results, shares gapped up slightly at the open to $63.31 before reversing course, hitting a low of $52.62. This "sell-the-news" dynamic overshadowed the upbeat figures as investors locked in gains following a 70% year-to-date surge and over 300% one-year advance.
Market Context and Trading Activity
Volume ticked higher than average, indicating heightened trader interest during the downturn. The wide intraday range from $52.62 to $63.31 underscores volatility post-earnings. FET underperformed broader energy indices today, as sector rotation pressures weighed on oil-related names. The stock breached key support near its 50-day moving average, accelerating the decline after trading above recent highs in late April. Oil prices softened amid geopolitical developments, adding headwinds to energy stocks despite FET's outperformance relative to peers year-to-date.
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What Comes Next for FET
FET hosts its Q1 earnings conference call today at 10:00 a.m. CT, where management details may influence sentiment. Investors will monitor oil demand trends, rig counts, and subsea project backlogs amid volatile crude prices. Analyst expectations call for continued revenue growth, but macroeconomic risks like energy policy shifts and global supply dynamics loom. Upcoming quarterly results and sector catalysts, including M&A activity, remain key focal points.
Disclaimer
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FET's RSI Indicator climbs out of oversold territory
The RSI Indicator for FET moved out of oversold territory on June 02, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In of the 26 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 11, 2026. You may want to consider a long position or call options on FET as a result. In of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for FET just turned positive on June 11, 2026. Looking at past instances where FET's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where FET advanced for three days, in of 307 cases, the price rose further within the following month. The odds of a continued upward trend are .
FET may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
FET moved below its 50-day moving average on May 06, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for FET crossed bearishly below the 50-day moving average on May 12, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for FET entered a downward trend on June 08, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (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 (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 (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 (2.133) is normal, around the industry mean (3.886). P/E Ratio (0.000) is within average values for comparable stocks, (128.071). FET's Projected Growth (PEG Ratio) (3.183) is slightly higher than the industry average of (1.809). FET has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.017). P/S Ratio (0.765) is also within normal values, averaging (2.334).
The Tickeron SMR rating for this company is (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 (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