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Forum Energy Technologies, Inc. (FET) Hit a 52 Week High, Can the Run Continue?
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Have you been paying attention to shares of Forum Energy Technologies (FET - Free Report) ? Shares have been on the move with the stock up 56.5% over the past month. The stock hit a new 52-week high of $74.77 in the previous session. Forum Energy has gained 101.1% since the start of the year compared to the 26.3% gain for the Zacks Oils-Energy sector and the 26.7% return for the Zacks Oil and Gas - Mechanical and and Equipment industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on July 30, 2026, Forum Energy reported EPS of $1.16 versus consensus estimate of $0.57.
For the current fiscal year, Forum Energy is expected to post earnings of $3.06 per share on $887.7 in revenues. This represents a 385.71% change in EPS on a 12.15% change in revenues. For the next fiscal year, the company is expected to earn $3.81 per share on $930.85 in revenues. This represents a year-over-year change of 24.35% and 4.86%, respectively.
Valuation Metrics
While Forum Energy has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Forum Energy has a Value Score of C. The stock's Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 24.3X current fiscal year EPS estimates, which is a premium to the peer industry average of 20.3X. On a trailing cash flow basis, the stock currently trades at 20.5X versus its peer group's average of 9.6X. Additionally, the stock has a PEG ratio of 3.04. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Forum Energy currently has a Zacks Rank of #1 (Strong Buy) thanks to a solid earnings estimate revision trend.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Forum Energy passes the test. Thus, it seems as though Forum Energy shares could still be poised for more gains ahead.
How Does FET Stack Up to the Competition?
Shares of FET have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is National Energy Services Reunited (NESR - Free Report) . NESR has a Zacks Rank of #1 (Strong Buy) and a Value Score of B, a Growth Score of B, and a Momentum Score of F.
Earnings were strong last quarter. National Energy Services Reunited beat our consensus estimate by 23.81%, and for the current fiscal year, NESR is expected to post earnings of $1.74 per share on revenue of $1.95 billion.
Shares of National Energy Services Reunited have gained 3.6% over the past month, and currently trade at a forward P/E of 16.58X and a P/CF of 13.05X.
The Oil and Gas - Mechanical and and Equipment industry is in the top 32% of all the industries we have in our universe, so it looks like there are some nice tailwinds for FET and NESR, even beyond their own solid fundamental situation.
View the Zacks #1 Rank List
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Forum Energy Technologies, Inc. (FET) Hit a 52 Week High, Can the Run Continue?
Have you been paying attention to shares of Forum Energy Technologies (FET - Free Report) ? Shares have been on the move with the stock up 56.5% over the past month. The stock hit a new 52-week high of $74.77 in the previous session. Forum Energy has gained 101.1% since the start of the year compared to the 26.3% gain for the Zacks Oils-Energy sector and the 26.7% return for the Zacks Oil and Gas - Mechanical and and Equipment industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on July 30, 2026, Forum Energy reported EPS of $1.16 versus consensus estimate of $0.57.
For the current fiscal year, Forum Energy is expected to post earnings of $3.06 per share on $887.7 in revenues. This represents a 385.71% change in EPS on a 12.15% change in revenues. For the next fiscal year, the company is expected to earn $3.81 per share on $930.85 in revenues. This represents a year-over-year change of 24.35% and 4.86%, respectively.
Valuation Metrics
While Forum Energy has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Forum Energy has a Value Score of C. The stock's Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 24.3X current fiscal year EPS estimates, which is a premium to the peer industry average of 20.3X. On a trailing cash flow basis, the stock currently trades at 20.5X versus its peer group's average of 9.6X. Additionally, the stock has a PEG ratio of 3.04. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Forum Energy currently has a Zacks Rank of #1 (Strong Buy) thanks to a solid earnings estimate revision trend.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Forum Energy passes the test. Thus, it seems as though Forum Energy shares could still be poised for more gains ahead.
How Does FET Stack Up to the Competition?
Shares of FET have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is National Energy Services Reunited (NESR - Free Report) . NESR has a Zacks Rank of #1 (Strong Buy) and a Value Score of B, a Growth Score of B, and a Momentum Score of F.
Earnings were strong last quarter. National Energy Services Reunited beat our consensus estimate by 23.81%, and for the current fiscal year, NESR is expected to post earnings of $1.74 per share on revenue of $1.95 billion.
Shares of National Energy Services Reunited have gained 3.6% over the past month, and currently trade at a forward P/E of 16.58X and a P/CF of 13.05X.
The Oil and Gas - Mechanical and and Equipment industry is in the top 32% of all the industries we have in our universe, so it looks like there are some nice tailwinds for FET and NESR, even beyond their own solid fundamental situation.