FETForum Energy Technologies, Inc.
The Read
Forum Energy Technologies (FET) has historically experienced a median absolute move of about 16%.
The schedule
- Tue20Oct
Strategic update on the refinancing or paydown of FET's outstanding term loans to alleviate interest expense.
- Tue15Dec
Forward-looking E&P customer spending forecasts and internal capital expenditure plans for the upcoming year.
- Tue9Feb
Q3 2026 financial results detailing subsea contract execution, free cash flow generation, and operating margins.
- Sun14Feb
Q4 2026 full-year earnings wrap-up coupled with initial baseline financial guidance for fiscal year 2027.
- Fri30Apr
Q1 2027 operational update assessing first-quarter drilling activity and margin expansion progress.
Past
- Sun20Sep
Expected announcement regarding pending federal grants for advanced drilling or electrification infrastructure.
- Fri7Aug
Actual outcome: Bull · $82.42 at outcome
Forum Energy Technologies delivered strong Q2 results, highlighted by market-share gains, a higher-margin product mix, and effective cost management. The company also raised its full-year 2026 guidance for revenue, EBITDA, net income, and free cash flow, which fueled continued momentum and drove the stock well past the bull target.
Q2 2026 earnings announcement focusing on order intake, margin defense, and updated full-year EBITDA guidance.
- Wed15Jul
Actual outcome: Bull · $57.28 at outcome
Forum Energy Technologies shares rallied 8.9% to comfortably exceed the $51.50 bull target, driven by strong sector momentum and anticipation ahead of its scheduled Q2 earnings call. While no specific major subsea contract wins were announced during the window, the stock's continued outperformance relative to its oils-energy peers kept investor sentiment highly positive.
Market evaluation of anticipated subsea and offshore contract awards during the peak summer E&P deployment season.
- Mon15Jun
Actual outcome: Mixed · $51.52 at outcome
Forum Energy Technologies announced its participation in the Planet MicroCap Las Vegas 2026 Conference, but released no material updates regarding North American rig counts or E&P capex budgets. Without significant fundamental catalysts or shifts in domestic drilling outlooks, the stock traded flat, rising just 0.5% over the period.
Market assessment of domestic drilling activity and capital budgets from E&P clients.
- Fri1May
Actual outcome: Bear · $55.90 at outcome
Forum Energy Technologies reported strong Q1 2026 results, delivering $209 million in revenue, beating EPS estimates, and raising its full-year adjusted EBITDA guidance. However, with the stock already trading near its 52-week high and viewed as overvalued heading into the print, investors used the positive news to take profits. This 'sell the news' reaction drove shares down 4.8% by the outcome date and eventually pushed the stock below the $52 bear floor.
Q1 2026 results will test whether FET can sustain the Q4 2025 turnaround in margins and earnings while keeping free cash flow positive at a time when the stock is already trading near its 52-week high around $59.14.
- Fri27Feb
Actual outcome: Bull · $58.36 at outcome
FET surpassed earnings and revenue estimates for Q4 2025, reporting adjusted earnings of $0.41 per share against a $0.36 estimate. The stock's significant rally beyond the bull target was driven by a bullish 2026 outlook and the disclosure that the company repurchased 11% of its outstanding shares in 2025, demonstrating strong operational cash flow and commitment to shareholder returns.
Release of Q4 2025 results and crucial guidance for 2026. Market expects confirmation of margin improvement and sustained operational cash flow to justify recent price run-up.
