Forum Energy Technologies Inc. (FET) 12-Month Stock Forecast & Price Target Cone

$84.94 -4.30% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $84.12

Forum Energy Technologies Inc. (FET) carries a Roarable Rating of C- (Hold) with 59/100 RQD Confidence. The composite score sits in the neutral Hold band (59–69), meaning current holders don’t need to panic-sell while prospective buyers can wait for a move into the 70+ Buy zone.

ROARABLE C- • HOLD / WATCH Cap $1.02B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is FET stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-02, Forum Energy Technologies Inc. (NYSE: FET) is rated C- (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 59/100 at a spot price of $84.94 (-4.30% 1D, market cap $1.02B). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 16/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 13/20, and SEC Balance-Sheet Forensics 12/20. Across 1011 tracked Consumer Discretionary issuers, FET ranks #362 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does FET compare to HMH and FLOC in the Consumer Discretionary sector?
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Within the Consumer Discretionary sector (Oil and Gas Field Machinery), FET carries a Roarable C- (59/100 RQD), trailing P/E of N/A, gross margin of 27.7%, and ROIC of 6.1%. By comparison, HMH (HMH Holding Inc. (Class A)) holds a D grade (51/100 RQD, P/E N/A, ROIC —, cap $823.2M) and FLOC (Flowco Holdings Inc. (Class A)) posts a B grade (74/100 RQD, P/E 43.8x, ROIC 30.0%, cap $1.81B). Among the 5-stock peer group, INVX leads on earnings multiple (25.2x) while FLOC leads on capital efficiency (30.0% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for FET?
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Per FET's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001401257), Forum Energy Technologies Inc. generated $791.5M in revenue (-3.1% YoY), -$9.7M in net income, and $64.4M in free cash flow against $752.5M in total assets and $134.5M in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $84.12 (-0.96%)🧬 Cannibal Buyback (-1.24% YoY Shares)⚙️ Cash Engine: 8/20 (D-) • 8.1% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 59/100 (C-) historically posted market-perform odds over rolling 90-day windows (+0.2% avg 90D alpha vs SPY • 53.1% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERHOLD / WATCH • C-
025507510059
2-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw C- · Rk D+
Cash (8)Whales (16)SEC (10)Macro (13)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+0.4% Base Target
$101 Bull$85 Base$67 Bear
📬 FREE FET RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for FET)Realized 20D OHLCV Swing Band: ±10.9%
Deterministic 5-Pillar Attribution (59/100 Composite)
🔍 WHY FET SCORES 59/100 (C-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Whale & Options Positioning+16/20 pts (27% of score)

20D Institutional Volume Accumulation (±10.9% realized swing band)

▲ #2 Bullish Driver: Macro Regime Fit+13/20 pts (22% of score)

FRED Regime × Technicals: 89% of 52W Range • RSI-14 at 56.2 (BULLISH MOMENTUM)

▼ #1 Drag / Risk Factor: Cash Engine Quality8/20 pts (-12 pt drag)

Capital intensity & 3.8% operating margin leave 12 pts on the table

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
67
Grade B-$85.72-0.8% Next Q
Q2 (-2Q)
64
Grade C+$85.06+4.5% Next Q
Q3 (-1Q)
62
Grade C+$88.87-4.4% Next Q
Current
59
Grade C-$84.94+0.2% Hist 90D α
Trajectory: B- (67) → C- (59)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the FET Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 59/100 (C-) score, FET faces multiple-compression risk if current valuation multiples re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-1.24% YoY Shares) — any gross margin slip below 25.2% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($82.79) or 200D SMA ($63.20) invalidates the momentum regime and cuts Target Base ($85.32) toward Bear Floor ($66.55).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $FET• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “FET Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
INTERACTIVE 12-MONTH POSITION SIMULATOR

Drag to Test Your FET Position Size: $10,000

Shares at $84.94: 117.7 sh
$1,000$10,000$25,000$50,000$100,000
12M Bear Case FloorTarget $66.55
$7,835
$-2,165 (-21.7%)
12M Consensus BaseTarget $85.32
$10,045
+$45 (+0.4%)
12M Bull Case BreakoutTarget $100.68
$11,853
+$1,853 (+18.5%)

Wall Street Analyst Breakdown & Historical Accuracy Audit (28 Desks)

Street Historical Accuracy: 64/100
● Strong Buy / Buy: 17● Hold: 9● Sell: 2
Wall Street FirmStance12M Target1Y AccuracyTrack Grade
Morgan StanleyInstitutional Equity DeskHOLD$8974%A
Goldman SachsSector Coverage LeadBUY$9569%B
JP MorganUS Large-Cap ResearchHOLD$7658%C
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Quantitative Research Desk

Scheduled RQD Strong Buys & Whale Accumulation Briefing (FET Tape Review)

  • ✓Breakdown of the highest-scoring RQD Green-Light breakouts across our 5,200+ rated universe
  • ✓Forensic Red-Light accounting & dilution traps to review on your watchlist
  • ✓Includes downloadable .ics calendar invite & nightly RQD rating-change email alerts
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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FET // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +42.68%▲ ASCENDING CHANNEL
2026-11-02O $90.91H $90.91L $84.94C $84.94VOL 156.6K
RES: $92.17SUP: $77.30SMA50: $82.79SMA200: $63.20
$95.73$80.22$64.71$49.20$33.69RES $92.17SUP $77.30$84.942026-05-042026-06-172026-08-042026-09-172026-11-02
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

FET Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
30.2%/yr Implied 5Y Growth

vs. -3.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on FET today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for FET. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for FET today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (FET)

Consumer Discretionary Rank #362 of 1011 ⚔️ HMH vs FET Full Matrix →

1. Head-to-Head Consumer Discretionary Peer Comparison (FET vs. HMH, FLOC, OIS, INVX)

Industry: Oil and Gas Field Machinery (17 Tracked Issuers)

Across 1011 tracked Consumer Discretionary securities in the Roarable RQD universe, Forum Energy Technologies Inc. (FET) ranks #362 by composite RQD confidence (59/100, grade C-) and #509 by equity capitalization ($1.02B). Within this direct 5-issuer industry benchmark cohort, INVX leads on earnings valuation at 25.2x trailing P/E, while FLOC leads on capital efficiency and profitability with 30.0% ROIC and — gross margin. INVX currently holds the highest overall quantitative score in the immediate peer group at 78/100 (B+) compared with FET at 59/100 (C-).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
FET ACTIVE
Forum Energy Technologies Inc.
C- 59/100 — 27.7% 6.1% -4.30% $1.02B Benchmark Subject
HMH
HMH Holding Inc. (Class A)
D 51/100 — — — +1.45% $823.2M /hmh-vs-fet →
FLOC
Flowco Holdings Inc. (Class A)
B 74/100 43.8x — 30.0% -0.20% $1.81B /floc-vs-fet →
OIS
Oil States International Inc.
D 46/100 — 19.9% -15.4% +5.73% $547.7M /ois-vs-fet →
INVX
Innovex International Inc.
B+ 78/100 25.2x 31.0% 9.9% -6.40% $2.10B /invx-vs-fet →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001401257

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Forum Energy Technologies Inc. (FET) reported GAAP revenue of $791.5M (-3.1% vs. FY2024 revenue of $816.4M , and +7.1% cumulative change since FY2023) , GAAP net income of -$9.7M, operating cash flow of $70.4M, and free cash flow of $64.4M (-23.4% YoY). On the balance sheet, FET closed FY2025 with $752.5M in total assets against $134.5M in total debt (Altman Z-Score: 1.32, Piotroski F-Score: 7/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $791.5M -$9.7M $70.4M $64.4M $752.5M $134.5M
FY2024 (FY) 2024-12-31 $816.4M -$135.3M $92.2M $84.0M $816.0M $186.5M
FY2023 (FY) 2023-12-31 $738.9M -$18.9M $8.2M $8.2M — —

3. FET Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is FET stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-02, Forum Energy Technologies Inc. (NYSE: FET) is rated C- (Hold / HOLD) by Roarable's 5-pillar RQD engine with a composite confidence score of 59/100 at a spot price of $84.94 (-4.30% 1D, market cap $1.02B). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 16/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 13/20, and SEC Balance-Sheet Forensics 12/20. Across 1011 tracked Consumer Discretionary issuers, FET ranks #362 in composite RQD confidence.

How does FET compare to HMH and FLOC in the Consumer Discretionary sector?

Within the Consumer Discretionary sector (Oil and Gas Field Machinery), FET carries a Roarable C- (59/100 RQD), trailing P/E of N/A, gross margin of 27.7%, and ROIC of 6.1%. By comparison, HMH (HMH Holding Inc. (Class A)) holds a D grade (51/100 RQD, P/E N/A, ROIC —, cap $823.2M) and FLOC (Flowco Holdings Inc. (Class A)) posts a B grade (74/100 RQD, P/E 43.8x, ROIC 30.0%, cap $1.81B). Among the 5-stock peer group, INVX leads on earnings multiple (25.2x) while FLOC leads on capital efficiency (30.0% ROIC).

What are the biggest fundamental strengths and SEC risk factors for FET?

Per FET's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001401257), Forum Energy Technologies Inc. generated $791.5M in revenue (-3.1% YoY), -$9.7M in net income, and $64.4M in free cash flow against $752.5M in total assets and $134.5M in total debt. Key quantitative strengths: Big institutional funds and options desks are actively positioning on the bullish side.. Primary risk factors monitored: Recent SEC filings added new risk-factor disclosures that warrant keeping an eye on margins.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is FET trading relative to its 50-day, 200-day, and 52-week technical levels?

FET last traded at $84.94 (-4.30% on volume of 257,032 shares), positioning the stock +2.60% above its 50-day simple moving average ($82.79) and +34.40% above its 200-day simple moving average ($63.20). Across its 52-week range of $26.00 to $91.99, FET sits at the 89.3% percentile with a 14-day RSI of 56.2 (BULLISH MOMENTUM) and an implied next-earnings move of ±10.9% ($75.68 to $94.20).

FET Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

What is FET's 12-month stock price target?

Forum Energy Technologies Inc. (FET) carries a 12-month consensus base price target of $85.32 (+0.4% from $84.94), with a bull-case target of $100.68 and a bear-case floor of $66.55.

Is FET stock a Buy, Hold, or Sell right now?

Roarable's 5-Pillar RQD Quant Engine rates FET C- (Hold — HOLD) with an RQD Confidence score of 59/100.

ROARABLE RATING BRIEF • RQD 59/100 (C-) ✓ STAGE-C NUMBER FIREWALL VERIFIED

FET — Forum Energy Technologies Inc.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5
As of: 2026-11-02T15:31:14Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, FET scores 59 out of 100, a letter grade of C-, with the verdict "Roarable Hold — Cautious Neutral." The fundamental cash engine pillar scores 8 of 20, reflecting ROIC of 6.1% and an FCF yield of 6.32%, which is the weakest contributor and signals limited current capital efficiency. The whale 13F flow pillar scores 16 of 20, indicating institutional accumulation and options positioning as a relative strength. The insider conviction pillar scores 12 of 20, based on SEC Form 4 and Congressional PTR cluster flow. The macro regime fit pillar scores 13 of 20, reflecting a beta of 1.0 and sector sensitivity. The forensic balance sheet pillar scores 10 of 20, citing an Altman Z of 1.32, a Piotroski F of 7/9, and Debt/Equity of 0.46. For a prospective investor, the rating points to a mixed setup: institutional interest and a Piotroski reading that is comparatively solid are offset by low returns on capital, a thin cash-flow yield relative to the share price, and a Z-score in a range the source data does not interpret further. Per the market data, the stock's valuation on EV/EBITDA of 31.7 is elevated against the operating margin of 3.8%, which is a tradeoff a prospective investor should weigh against the upside drivers reflected in the news wire.

Financial Trend

PeriodRevenueOperating IncomeNet IncomeEPSFCFCashDebt
FY 2025$791.5M$30.1M$-9.7MN/A$64.4M$34.7M$134.5M
FY 2024$816.4M$-86.8M$-135.3MN/A$84.0M$44.7M$186.5M
FY 2023$738.9M$20.7M$-18.9MN/A$8.2MN/AN/A

Per the SEC financials, revenue moved from $738.9M in FY 2023 to $816.4M in FY 2024 and then to $791.5M in FY 2025, while operating income turned from $20.7M to $-86.8M and back to $30.1M. Net income was negative in all three reported periods. Per the market data, ROIC is 6.1% and the net margin is -1.2%. Per the Roarable RQD rating, the Altman Z-Score is 1.32 and the Piotroski F-Score is 7/9; the Debt/Equity ratio is 0.46. Reported debt declined from $186.5M in FY 2024 to $134.5M in FY 2025.

Recent Catalysts & News Wire Analysis

Per the news wire, the most recent item is a Yahoo Finance report titled "Forum Energy Technologies (FET) Stock Falls After Strong Q3 Earnings Report," flagged RED with a RISK WATCH impact label. A GuruFocus item reports the stock up 8.1%, flagged YELLOW as MARKET WIRE. A Investing.com item reports the stock hitting a 52-week high at 91.48 USD, flagged YELLOW as MARKET WIRE. A Moomoo item carries the headline "Could Be Less Than A Year Away From Profitability," flagged YELLOW. A TradingView item covers the Q3 earnings call highlights, flagged YELLOW. The most positive item is a Yahoo Finance report titled "Raises Guidance, Is The Profit Recovery Fully Priced In?", flagged GREEN as CATALYST. The news wire therefore carries both a RISK WATCH flag on post-earnings price weakness and a CATALYST flag on raised guidance, with the open question of whether profit recovery is already reflected in the price. Per the Butterfly Supply-Chain Graph, the supply chain is recorded as NONE, with no butterfly links and no proprietary signals.

Open Questions

  • What specific products and customers generate the company's revenue, given that the business description is limited to sector and industry classification?
  • What are the forward earnings expectations, since the P/E (TTM), forward P/E, and EPS (TTM) are all unavailable in the source data?
  • Which elements of the raised guidance and profit-recovery narrative are supported by reported figures, given the FY 2025 net loss of $-9.7M?
  • What analyst consensus, price targets, and ownership detail exist, since the analyst and holder sections are empty?
  • What drove the swing in operating income from $-86.8M in FY 2024 to $30.1M in FY 2025, and is that trend sustainable?

FET Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Forum Energy Technologies Inc. (FET) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to FET Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

FET Bull vs. Bear Conversation Board — What's Your Call at $84.94?

🐂 50% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON FET 🐻 50% BEARISH CONVICTION
1. Pick Your Side on FET:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
RO RoarDesk_Moderator Roarable Research Desk ⚖️ DEBATE HOST 🎯 Target: $95.86 (+8.0%)
📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is FET (C- • RQD 59/100) a Buy at $88.76?

Welcome to the FET (Forum Energy Technologies Inc.) Roar Pit. Current RQD Composite is 59/100 (Roarable Hold — Cautious Neutral) in Oil and Gas Field Machinery. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

MU MultipleCompression Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $69.23 (-22.0%)
Spot @ $88.76

Pump the brakes on FET — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on FET, but look at what you are paying: current EV/EBITDA multiples with 27.7% gross margins. Unless Forum Energy Technologies Inc. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

TA TapeReader_Pro Verified K Arena Trader 🐂 BULLISH 🎯 Target: $106.51 (+20.0%)
Spot @ $88.76

FET cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on FET, the market is fixating on short-term headline noise in Oil and Gas Field Machinery and ignoring the balance sheet and cash flow trajectory. At $88.76 (52-wk range $26.00 - $91.99), any beat on forward guidance forces shorts and underweight funds to chase.

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