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Forum Energy Tech ( (FET) ) just unveiled an update.
On February 4, 2026, Forum Energy Technologies, Inc. amended its existing credit agreement with a syndicate of lenders led by Wells Fargo Bank, extending the facility’s scheduled maturity from September 8, 2028 to February 4, 2031, lowering the interest rate margin over SOFR on outstanding loans from a prior range of 2.25%–2.75% to a new range of 2.00%–2.50% linked to excess availability, and increasing the U.S. letter of credit sublimit from $70 million to $100 million while keeping the Canadian sublimit at $10 million. The revised terms improve Forum’s debt maturity profile, slightly reduce borrowing costs, and expand its U.S. letter of credit capacity, collectively enhancing the company’s financial flexibility and support for operational and commercial commitments.
The most recent analyst rating on (FET) stock is a Hold with a $48.00 price target. To see the full list of analyst forecasts on Forum Energy Tech stock, see the FET Stock Forecast page.
Spark’s Take on FET Stock
According to Spark, TipRanks’ AI Analyst, FET is a Neutral.
The score is primarily held back by weak profitability and declining revenue trends despite improved leverage and somewhat stable cash generation. Offsetting this, technicals are strong with bullish price trends, and the latest earnings call showed momentum in backlog, book-to-bill, and improved guidance with continued buybacks. Valuation is constrained by negative earnings (negative P/E) and no dividend support.
To see Spark’s full report on FET stock, click here.
More about Forum Energy Tech
Forum Energy Technologies, Inc. operates in the energy services and equipment sector, providing products and technologies that support oil, gas, and related energy industry operations, with financing arrangements that underpin its ongoing capital and liquidity needs.
Average Trading Volume: 140,292
Technical Sentiment Signal: Buy
Current Market Cap: $534.3M
Find detailed analytics on FET stock on TipRanks’ Stock Analysis page.