--- title: "Forum Energy Technologies Stock Surges Over 6% Pre-Market: Why is it Moving?" type: "News" locale: "en" url: "https://longbridge.com/en/news/294482945.md" description: "Forum Energy Technologies (FET) shares surged over 6% in pre-market trading following strong Q2 results and raised guidance. Adjusted EPS of $1.16 beat estimates, while revenue reached $226.22 million. The company increased its full-year 2026 revenue guidance to $870-$910 million, citing improved business momentum and order backlog. Additionally, BlackRock disclosed a 7.0% stake in the firm." datetime: "2026-07-31T08:22:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294482945.md) - [en](https://longbridge.com/en/news/294482945.md) - [zh-HK](https://longbridge.com/zh-HK/news/294482945.md) --- # Forum Energy Technologies Stock Surges Over 6% Pre-Market: Why is it Moving? **Forum Energy Technologies Inc.** (NYSE:FET) shares jumped 6.01% to $54.52 in pre-market trading Friday following the announcement of second-quarter results, where adjusted earnings per share of $1.16 topped analyst estimates of $0.56. The Texas-based oilfield products company released the data for the period ended Jun. 30 after markets closed Thursday. ## Revenue, Margins Beat Expectations Forum Energy reported revenue of $226.22 million against the expected $212.35 million, beating estimates by 6.53%. This marks an increase of roughly 8.4% from first-quarter revenue of $208.70 million, driven by stronger demand across its Drilling and Completions segment. Net income came in at $12.4 million, with diluted earnings per share of $1.05. Adjusted EBITDA rose 39% sequentially to $32 million, with total orders of $235.9 million and a 1.04 book-to-bill ratio. ## Company Raises Third-Quarter and Full-Year Guidance For the third quarter, Forum Energy projected revenue of $225 million to $245 million and adjusted EBITDA of $31 million to $37 million, representing year-over-year growth of 20% and 48%, respectively. For full-year 2026, the company increased its guidance to revenue of $870 million to $910 million, reflecting 13% year-over-year growth, and adjusted EBITDA of $115 million to $125 million, representing a 40% year-over-year increase. CEO **Neal Lux** said, “We are raising all guidance metrics for full year 2026,” pointing to the strength of first-half performance, market share gains and a healthy order backlog as the company works toward its long-term “FET 2030” strategic goals. FET 2030 is Forum Energy’s long-term growth roadmap, aimed at doubling revenue, expanding market share and tripling free cash flow by 2030. Alongside the earnings report, **BlackRock Inc.** (NYSE:BLK) disclosed in a **Securities and Exchange Commission** filing that it beneficially owns 794,999 shares, or 7.0% of Forum Energy’s outstanding common stock, as of Jun. 30. ## **Trading Metrics, Technical Analysis** Forum Energy has a market capitalization of approximately $581.38 million. Its stock has traded between a 52-week high of $65.43 and a 52-week low of $18.12. FET has a Relative Strength Index (RSI) of 45.59. Over the past 12 months, the stock has gained by 160.93%. Currently, the stock is trading at 70.41% of its 52-week range, placing it in the upper half of its annual trading range. FET’s long-term trend and strong market position suggest that the stock may continue to have upside potential. **Price Action:** The energy stock closed the regular session on Thursday at $51.43, up 0.63%, according to Benzinga Pro data. With a strong Momentum score in the 94th percentile and a Value score of 72.56, **Benzinga’s Edge Stock Rankings** indicate that FET is experiencing long-term upward movement along with medium and short-term consolidation. **_Disclaimer:_** _This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._ **Read Also: Mangoceuticals (MGRX) Stock Jumps 138% After Hours On Nuclear Reactor Deal: Here's Why It Is Trending** _Photo courtesy: Spyro the Dragon on Shutterstock.com_ ### Related Stocks - [FET.US](https://longbridge.com/en/quote/FET.US.md) - [BLK.US](https://longbridge.com/en/quote/BLK.US.md) - [BTX.US](https://longbridge.com/en/quote/BTX.US.md) - [BIT.RT*.US](https://longbridge.com/en/quote/BIT.RT*.US.md) - [BDJ.US](https://longbridge.com/en/quote/BDJ.US.md) - [BSTZ.US](https://longbridge.com/en/quote/BSTZ.US.md) - [BIT.RT.US](https://longbridge.com/en/quote/BIT.RT.US.md) ## Related News & Research - [Forum Energy Technologies Announces Second Quarter 2026 Results; Raises Full Year 2026 Guidance | FET Stock News](https://longbridge.com/en/news/294417473.md) - [Forum Energy Technologies (NYSE:FET) Posts Earnings Results, Beats Estimates By $0.59 EPS](https://longbridge.com/en/news/294420832.md) - [Forum Energy Technologies Q2 revenue rises, lifts FY outlook](https://longbridge.com/en/news/294417124.md) - [FET: Q2 revenue and net income surged on higher demand, improved margins, and strong segment performance](https://longbridge.com/en/news/294539474.md) - [FET: Q2 2026 delivered strong sequential growth, margin expansion, and raised full-year guidance](https://longbridge.com/en/news/294419928.md)