Forum Energy Technologies has beaten earnings four quarters in a row with revenue growing from $193.3M to $226.2M in a year, but quality is below the 4.0 minimum, 80% of revenue is concentrated in one product category, and the $87.17 price is 11.3% above the $77.35 analyst target ahead of earnings in 5 days.
Thesis pillars
- Perfect Beat Streak Growing Revenue→Stable
- Below Floor Quality No Moat→Stable
- Product Concentration Risk→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Feb 27, 2026
Forum Energy Technologies, Inc. (FET) Stock Analysis
Breakout setup
Energy · Oil & Gas Equipment & Services
Sell if holding. Engine safety override at $90.91: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10. Specifically: Below-average business quality.
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 $90.91: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10. Specifically: Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 59, MACD bullish. Score 5.7/10, moderate confidence.
Passes 4/8 gates (positive momentum, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: aggressive.
Recent developments
updated 2026-10-29Recent Developments — Forum Energy Technologies, Inc.
Latest news
- NEWS Forum Energy Technologies Files Prospectus For Offering Mixed Shelf; Terms Undisclosed — benzinga Aug 28, 2026 neutral
- NEWS Top 3 Energy Stocks That May Fall Off A Cliff In August — benzinga Aug 10, 2026 negative
- NEWS Crude Oil Gains 1%; Apple Shares Tumble After Q3 Results — benzinga Jul 31, 2026 neutral
- NEWS AXT Posts Upbeat Q2 Earnings, Joins Newell Brands, SPX Technologies, Amazon And Other Big Stocks Moving Higher On Friday — benzinga Jul 31, 2026 positive
- NEWS Forum Energy Technologies Stock Surges Over 6% Pre-Market: Why is it Moving? — benzinga Jul 31, 2026 positive
Generated 2026-10-29T11:53:51Z.
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. How we score · Editorial policy
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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
Technicals 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 $90.91: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10. Specifically: Below-average business quality. Chart setup: Golden cross, above all MAs, RSI 59, MACD bullish. Prior stop was $84.55. Score 5.7/10, moderate confidence.
Analyst target $77.35 reached (−14.9% from $90.91); no take-profit level is published. Prior stop was $84.55. Stop-loss: $84.55.
Concentration risk — Product: consumable products and activity-based equipment (80.0%); Target reached (-14.9% upside); Quality below floor (3.6 < 4.0).
Forum Energy Technologies, Inc. trades at a P/E of N/A (forward 18.3). TrendMatrix value score: 5.5/10. Verdict: Sell.
8 analysts cover FET with a consensus score of 2.3/5. Average price target: $91.
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