FET screens below the engine's quality floor with two active value-trap signals — declining revenue and high leverage — and a failed momentum gate, though it retains a favorable asymmetry setup with analyst upside and an earnings-beat track record within an unbroken 200-day uptrend.
Thesis pillars
- Quality Below Minimum Floor With Value Trap Signals→Stable
- High Leverage Risk→Stable
- Earnings Beat Momentum Despite Average Surprise→Stable
- +2 more pillars — see the Why tab for full reasoning
Forum Energy Technologies, Inc. (FET) Stock Analysis
Range Bound setup
Energy · Oil & Gas Equipment & Services
Sell if holding. Engine safety override at $49.21: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10 and A.R:R 1.7:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Negative price momentum.
Forum Energy Technologies is a global manufacturer of highly engineered capital equipment and consumable products for oil, natural gas, defense, and renewable energy customers, operating through Drilling and Completions (drilling tools, subsea ROVs, pressure pumping equipment,... Read more
Sell if holding. Engine safety override at $49.21: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10 and A.R:R 1.7:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Negative price momentum. Chart setup: RSI 46 mid-range, Bollinger mid-band. Score 4.9/10, moderate confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity 30d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductconsumable products and activity-based equipment80%10-K Item 1: 'approximately 80% of our revenue was derived from consumable products and activity-based equipment'
- MEDIUMSupplierlimited-source component and raw material suppliers10-K Item 1: 'Certain of our component parts, products or raw materials are only available from a limited number of suppliers.'
Material Events(8-K, last 90d)
- 2026-05-12Item 5.02LOWAt the May 8, 2026 annual meeting, stockholders approved the Fourth Amendment to the Second Amended and Restated 2016 Stock and Incentive Plan, increasing authorized shares by 625,000. Routine equity-plan governance action; no officer or director departure.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
2 floor-breakers
Cyclical trough — margins compressed or negative. Profitability typically recovers with the cycle, but floor fires on current data.static
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $49.21: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.9/10 and A.R:R 1.7:1 is above the 1.5:1 BUY gate. Specifically: Below-average business quality; Negative price momentum. Chart setup: RSI 46 mid-range, Bollinger mid-band. Prior stop was $45.77. Score 4.9/10, moderate confidence.
Take-profit target: $56.95 (+15.7% upside). Prior stop was $45.77. Stop-loss: $45.77.
Concentration risk — Product: consumable products and activity-based equipment (80.0%); Quality below floor (2.8 < 4.0); Value-trap signals (2/5): Revenue declining (-9.0% YoY), High leverage (D/E 2.6).
Forum Energy Technologies, Inc. trades at a P/E of N/A (forward 16.9). TrendMatrix value score: 6.1/10. Verdict: Sell.
8 analysts cover FET with a consensus score of 2.3/5. Average price target: $67.
What does Forum Energy Technologies, Inc. do?Forum Energy Technologies is a global manufacturer of highly engineered capital equipment and consumable products for...
Forum Energy Technologies is a global manufacturer of highly engineered capital equipment and consumable products for oil, natural gas, defense, and renewable energy customers, operating through Drilling and Completions (drilling tools, subsea ROVs, pressure pumping equipment, wireline, coiled tubing) and Artificial Lift and Downhole (downhole protection, casing/cementing tools, production equipment, industrial valves) segments. In 2025, approximately 80% of revenue came from consumable products and activity-based equipment, backlog stood at $311.6 million (up from $213.5 million in 2024) on b