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FETForum Energy Technologies, Inc.Sell4.7·$46.98-3.97%
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Forum Energy Technologies, Inc. (FET) Stock Analysis

SellVALUE-TRAP 2/5Moderate Confidence

Energy · Oil & Gas Equipment & Services

Sell if holding. Engine safety override at $46.98: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10 and A.R:R 2.1:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 1.64; Below-average business quality; Negative price momentum.

Forum Energy Technologies, Inc. designs, manufactures, and supplies products serving the oil, natural gas, defense, and renewable energy industries in the United States and internationally. It operates through two segments, Drilling and Completions; and Artificial Lift and... Read more

$46.98+21.2% A.UpsideScore 4.7/10#32 of 37 Oil & Gas Equipment & Services
QualityF-score6 / 9FCF yield14.20%
Stop $45.34Target $56.95(analyst − 15%)A.R:R 2.1:1
Analyst target$67.00+42.6%1 analysts
Range unavailable (1 analysts)

Sell if holding. Engine safety override at $46.98: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10 and A.R:R 2.1:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 1.64; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Score 4.7/10, moderate confidence.

Passes 7/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 33d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Thu, Aug 6, 202633d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Quality below floor (2.8 < 4.0)
Value-trap signals (2/5): Revenue declining (-9.0% YoY), High leverage (D/E 2.6)

Key Metrics

P/E (TTM)
P/E (Fwd)17.1
Mkt Cap$531M
EV/EBITDA13.7
Profit Mgn-0.8%
ROE-2.1%
Rev Growth8.0%
Beta0.55
DividendNone
Rating analysts8

Quality Signals

Piotroski F6/9

Options Flow

P/C1.64bearish
IV67%elevated

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers

Cyclical trough — margins compressed or negative. Profitability typically recovers with the cycle, but floor fires on current data.static

Roe
0.0
Net Margin
0.0
Roa
1.1
Gross Margin
1.5
Operating Margin
2.1
Moat
3.6
Piotroski F
6.7
Current Ratio
7.7
No competitive moatQuality concerns

Momentum below the gate floor. Component breakdown shows what dragged the score down.static

Obv
1.0
Volume
1.3
Macd
2.0
Ma Position
4.0
Rsi
8.0
Oversold in uptrend (RSI 30)Volume distribution (falling OBV)Above 200-day MA
GatesMomentum 3.3<4.5A.R:R 2.1 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTEARNINGS PROXIMITY 33d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
30 · Oversold
20D MA 50D MA 200D MAGOLDEN CROSSSupport $46.74Resistance $53.74

Price Targets

$45
$57
A.Upside+21.2%
A.R:R2.1:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Quality below floor (2.8 < 4.0)
! Value-trap signals (2/5): Revenue declining (-9.0% YoY), High leverage (D/E 2.6)
! momentum at 3.3 (below the engine's 4.5 threshold)

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-08-06 (33d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is FET stock a buy right now?

Sell if holding. Engine safety override at $46.98: Quality below floor (2.8 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 4.7/10 and A.R:R 2.1:1 is above the 1.5:1 BUY gate. Specifically: Elevated put/call ratio: 1.64; Below-average business quality; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $45.34. Score 4.7/10, moderate confidence.

What is the FET stock price target?

Take-profit target: $56.95 (+21.2% upside). Prior stop was $45.34. Stop-loss: $45.34.

What are the risks of investing in FET?

Quality below floor (2.8 < 4.0); Value-trap signals (2/5): Revenue declining (-9.0% YoY), High leverage (D/E 2.6).

Is FET overvalued or undervalued?

Forum Energy Technologies, Inc. trades at a P/E of N/A (forward 17.1). TrendMatrix value score: 6.0/10. Verdict: Sell.

What do analysts say about FET?

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, Inc. designs, manufactures, and supplies products serving the oil, natural gas, defense, and...

Forum Energy Technologies, Inc. designs, manufactures, and supplies products serving the oil, natural gas, defense, and renewable energy industries in the United States and internationally. It operates through two segments, Drilling and Completions; and Artificial Lift and Downhole. The Drilling and Completions segment designs, manufactures, and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation, and intervention markets, including applications in oil and natural gas, renewable energy, defense, and communications industries. This segment also offers drilling capital equipment and consumable products; subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tooling, and technical services; hydraulic fracturing pumps, cooling systems, and high-pressure flexible hoses and flow iron; wireline cable and pressure control equipment; and coiled tubing strings and pressure control equipment, as well as coiled line pipe and related services. The Artificial Lift and Downhole Segment designs, manufactures, and supplies products and solutions for the artificial lift, well construction, production, and infrastructure markets. This segment also offers products designed to safeguard artificial lift equipment and downhole cables; well construction casing and cementing equipment; customized downhole technology solutions, which provides sand and flow control products for heavy oil applications; engineered process systems, production equipment, and separation equipment; and a range of industrial valves. It sells its products through distributors to drilling rig contractors, offshore service companies, governmental organizations, and oil and gas operators and producers. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.

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