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Upturn AI Summary - About
Forum Energy Technologies Inc(FET)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for FET
10/23/2026: FET (4-star) is a REGULAR-BUY. BUY for 67 days. Simulated Profits (50.79%). Updated daily EoD!
Forum Energy Technologies is a mid-cap provider of specialized equipment and services for the global oil and gas industry. The company is recognized for its portfolio of drilling, production, and subsea tools, which support the full lifecycle of energy projects. Its primary investment story centers on operational efficiency, debt reduction, and a focus on specialized subsea technologies. However, investors face risks from high industry cyclicality, sensitivity to commodity price swings, and stiff competition from larger integrated firms. This stock is best suited for value-oriented investors who can tolerate market volatility, while monitoring company progress on deleveraging and adapting to energy sector trends.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is limited by the cyclical and mature nature of the traditional oilfield services market. |
| Momentum investor | Mixed fit | FET can experience momentum during energy price upcycles, conditional on positive industry sentiment. |
| Value investor | Strong fit | The stock often trades at valuations that reflect the cyclical nature and historical volatility of the sector. |
| Dividend investor | Weak fit | The company does not currently offer a dividend, prioritizing debt management over shareholder distributions. |
| Low-risk investor | Weak fit | High sensitivity to oil prices and moderate debt levels result in significant equity price volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | The stock price is highly sensitive to fluctuations in global oil and gas prices. |
| Valuation risk | Medium | Cyclical earnings make it difficult to determine a consistent long-term valuation multiple. |
| Competition risk (Oilfield equipment) | High | Competition from larger, better-capitalized firms puts pressure on margins and pricing power. |
| Business quality | Medium | Business model quality is tied to the replacement cycle and maintenance needs of aging energy infrastructure. |
| Dividend income | Low / none | Investors should not rely on this equity for income generation. |
| Execution risk | Medium / high | Successful growth depends on managing costs and integrating specialized technologies effectively. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 163.77% | Avg. Invested days 48 | Today’s Advisory Regular Buy |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 935.71M USD | Price to earnings Ratio - | 1Y Target Price 91 |
Price to earnings Ratio - | 1Y Target Price 91 | ||
Volume (30-day avg) 178.4K shares | Beta 0.68 | 52 Weeks Range 26.00 - 89.93 | Updated Date 10/22/2026 |
52 Weeks Range 26.00 - 89.93 | Updated Date 10/22/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.15 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Drilling & Completion | Well construction tools and stimulation hardware. | Revenue is earned from the physical tools needed to drill and finish oil wells. |
| Production & Infrastructure | Separators, heaters, and tank batteries. | This segment sells the equipment needed to process oil and gas at the surface. |
| Subsea Technologies | ROVs and specialized intervention tools. | Money is made from selling and servicing robotic equipment for deepwater operations. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-29 | When After Market | Estimate 1.22 | Actual - |
Profitability
Profit Margin -0.19% | Operating Margin (TTM) 9.32% |
Management Effectiveness
Return on Assets (TTM) 2.69% | Return on Equity (TTM) -0.51% |
Valuation
Trailing PE - | Forward PE 15.06 | Enterprise Value 1.14B | Price to Sales(TTM) 1.1 |
Enterprise Value 1.14B | Price to Sales(TTM) 1.1 | ||
Enterprise Value to Revenue 1.37 | Enterprise Value to EBITDA 16.5 | Shares Outstanding 11.47M | Shares Floating 9.92M |
Shares Outstanding 11.47M | Shares Floating 9.92M | ||
Percent Insiders 6.97 | Percent Institutions 86.6 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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