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FET

Forum EnergyC
NYSE / Energy
Last Price
At close
2026-07-22
View Chart
Current thesis
The company-source read-through is constructive: Q1 revenue and EBITDA grew year over year, backlog increased 44% versus the prior-year quarter, Q2 EBITDA guidance implies sequential improvement, and the full-year EBITDA midpoint was raised. With the packet’s median analyst target at $64 versus the May 1, 2026 anchor price of $58.74, the basic valuation setup still points to modest upside if conversion holds.
Posture
Mixed
Lead driver
Value
What changed
Value remains the lead driver in the composite, 7D delta -1.0.
What can break
Artificial Lift and Downhole EBITDA was relatively flat despite higher revenue because of unfavorable product mix.
Momentum
51
Value
52
Sentiment
58
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $64.00 · Bull $70.00 · Bear $49.00
Data freshness
Prices
As of 2026-07-22
Fundamentals
As of 2026-07-22 • Vendor: Data Vendor v1
Scores
As of 2026-07-22 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-04 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-07-22
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $67.00
Why
Momentum51 · Δ7d -22.0
Value52 · Δ7d -1.0
Sentiment58 · Δ7d -11.2
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Lead driver: Value · See fundamentals
Momentum
51
26% active weight
Current posture
7d trendImproving
Δ7d
-22.0
Δ21d
+9.8
Value
52
39% active weight
Current posture
7d trendFlat
Δ7d
-1.0
Δ21d
-1.5
Sentiment
58
34% active weight
Current posture
7d trendSoftening
Δ7d
-11.2
Δ21d
-16.5
Why this grade

Composite grade C. Momentum 50.7 / Value 52.0 / Sentiment 57.6

Fundamentals (TTM)
As of 2026-07-22
Market Cap
$653.5M
Beta
0.64
Shares Out
11.3M
P/E (TTM) · Derived
-71.1
P/S (TTM)
0.57
P/FCF (TTM)
5.65
Rev YoY
+8.0%
EPS YoY
+332.1%
Gross Margin
+27.5%
Op Margin
-11.4%
Net Debt
$197.01M
Current Ratio
2.23
As of 2026-07-22 • Updated nightlySource: Internal modelMethodology