FET
BuyPremium GrowerAI neutralForum Energy Technologies, Inc. · Energy · United States · $1.0B cap · $15.5M/day traded
$87.17 +6.9% · close 23 Oct · scored 24 Oct
StockRank up 3.6 since 23 Oct: Momentum up 3 after a 7% price rise.
Premium Grower: Strong business with the market behind it, priced at a premium.
As of 24 Oct 2026, MoatMap's StockRank for Forum Energy Technologies, Inc. (FET) is 67/100, ranked against 24,000+ stocks in 35 markets (Quality 54, Value 28, Momentum 80, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Forum Energy Technologies makes oilfield equipment, including subsea, drilling and hydraulic fracturing products, and reported what it called a record-breaking second quarter of 2026. Sustained high oil prices could encourage more drilling outside the Gulf, which would help demand. Still, oilfield equipment is a cyclical, capital-intensive business, and insiders sold 0.29% of shares over the past 90 days.
ABOUT FORUM ENERGY TECHNOLOGIES, INC.
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Forum Energy Technologies is a global oilfield products company that designs, manufactures, and distributes highly engineered equipment for the drilling, completion, and production phases of oil and gas wells. The company's diverse product portfolio includes subsea robotic vehicles, drilling technologies, and valve solutions. Its competitive moat is anchored by strong brand recognition, proprietary engineering designs, and a global distribution network serving major oilfield service providers.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 699.9M | 738.9M | 816.4M | 791.5M | 4.2% | 833.3M | 886.8M | 939.3M | 8.9% |
| EPS | 0.65 | -1.85 | -11.00 | -0.81 | — | -0.16 | — | — | — |
| Shares | 5.7M | 10.2M | 12.3M | 11.1M | +96.3% | 11.5M | — | — | — |
| Debt | 304.5M | 192.2M | 261.5M | 219.9M | -10.3% | 227.5M | — | — | — |
| Equity | 307.0M | 412.6M | 319.9M | 291.1M | -1.8% | — | — | — | — |
| Op CF | -17.1M | 8.2M | 92.2M | 70.4M | 193.3% | 59.4M | — | — | — |
| Inv CF | 27.1M | -6.6M | -137.5M | 9.6M | — | — | — | — | — |
| Fin CF | -5.1M | -7.6M | 45.2M | -91.6M | — | — | — | — | — |
Above its 200-day average and 3% below its 52-week high.
Swung more than 70% of stocks we rank over the past year (56% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of FET are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| FET | Forum Energy Technologies, Inc.(you) | $1.0B | 67 | Buy |
| INVX | Innovex International, Inc. | $2.1B | 65 | Hold |
| FTK | Flotek Industries, Inc. | $866M | 53 | Hold |
| FLOC | Flowco Holdings Inc. | $2.1B | 61 | Hold |
| RES | RPC, Inc. | $1.4B | 52 | Hold |
| XPRO | Expro Ltd | $1.9B | 51 | Hold |
| WHD | Cactus, Inc. | $4.4B | 67 | Buy |
| VTOL | Bristow Group Inc. | $1.2B | 41 | Hold |
| RNGR | Ranger Energy Services, Inc. | $349M | 57 | Hold |
| NESR | National Energy Services Reunited Corp. | $2.1B | 47 | Hold |
Peer medians: ROE 9.7% · P/E 17.5x · Gross margin 43.8%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.