FET
Forum EnergyBNYSE / Energy
Last Price
At close
2026-07-23
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
Constructive
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-07-30 · AMC.
What can break
Artificial Lift and Downhole EBITDA was relatively flat despite higher revenue because of unfavorable product mix.
Momentum
55
Value
52
Sentiment
58
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $64.00 · Bull $70.00 · Bear $49.00
Earnings
2026-07-30 · AMC
Data freshness
Prices
As of 2026-07-23
Fundamentals
As of 2026-07-22 • Vendor: Data Vendor v1
Scores
As of 2026-07-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-04 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-07-23
Investment thesis
As of 2026-07-23
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $67.00
Why
Momentum55 · Δ7d +36.2
Value52 · Δ7d -0.8
Sentiment58 · Δ7d -11.8
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.
Lead driver: Value · See fundamentals
Momentum
55
26% active weight
Current posture
7d trendImproving
Δ7d
+36.2
Δ21d
+26.0
Value
52
39% active weight
Current posture
7d trendFlat
Δ7d
-0.8
Δ21d
-1.8
Sentiment
58
34% active weight
Current posture
7d trendSoftening
Δ7d
-11.8
Δ21d
-22.0
Why this grade
Composite grade B. Momentum 54.6 / Value 52.0 / Sentiment 57.7
Fundamentals (TTM)As of 2026-07-22
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 2026-07-23 • Updated nightlySource: Internal modelMethodology