Sei Investments Co. Raises Stake in Forum Energy Technologies, Inc. $FET

Sei Investments Co. raised its position in Forum Energy Technologies, Inc. (NYSE:FET) by 103.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 69,490 shares of the oil and gas company’s stock after buying an additional 35,393 shares during the quarter. Sei Investments Co. owned about 0.61% of Forum Energy Technologies worth $4,078,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. IES Holdings Inc. purchased a new position in Forum Energy Technologies in the fourth quarter valued at about $20,107,000. AQR Capital Management LLC grew its position in shares of Forum Energy Technologies by 1,327.5% in the fourth quarter. AQR Capital Management LLC now owns 146,203 shares of the oil and gas company’s stock valued at $5,402,000 after purchasing an additional 135,961 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Forum Energy Technologies during the 1st quarter worth approximately $7,682,000. JPMorgan Chase & Co. lifted its stake in Forum Energy Technologies by 204.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 161,596 shares of the oil and gas company’s stock valued at $3,146,000 after buying an additional 108,490 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in Forum Energy Technologies by 461.5% during the 4th quarter. Invesco Ltd. now owns 100,209 shares of the oil and gas company’s stock valued at $3,703,000 after buying an additional 82,363 shares during the last quarter. 65.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FET. Weiss Ratings restated a “sell (d-)” rating on shares of Forum Energy Technologies in a research report on Friday, July 17th. Zacks Research upgraded shares of Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Wall Street Zen raised shares of Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 2nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

More Forum Energy Technologies News

Here are the key news stories impacting Forum Energy Technologies this week:

• Positive Sentiment: Positive momentum and upgraded rating: FET passed Zacks’ “Recent Price Strength” screen, suggesting its upward trend could continue. Zacks Research also upgraded the stock from “hold” to “strong-buy,” adding a favorable near-term sentiment catalyst. Forum Energy is on the Move
• Positive Sentiment: Strong earnings beat and higher long-term forecasts: Forum Energy recently reported quarterly EPS of $1.16, more than double the $0.56 consensus estimate, while revenue also exceeded expectations. Sidoti subsequently raised its 2026 EPS forecast to $3.88 from $2.08 and its 2027 forecast to $5.19 from $3.09, implying significantly improved profitability expectations. Forum Energy Technologies estimates
• Neutral Sentiment: Valuation and sector context: Zacks highlighted FET’s outperformance relative to other oil-and-energy stocks and its move to a 52-week high. However, the stock’s rally has pushed it well above its 50-day and 200-day moving averages, increasing the risk of profit-taking or volatility. FET hits a 52-week high
• Negative Sentiment: Conflicting estimates and insider selling: Sidoti analysts cut some earnings estimates, potentially tempering the bullish forecast revisions. Separately, Executive Vice President John Ivascu sold 5,000 shares worth approximately $353,150 under a pre-arranged Rule 10b5-1 plan. The planned nature of the sale reduces its significance, but it may still weigh on sentiment after the stock’s substantial run. Sidoti cuts earnings estimates FET insider sale

Forum Energy Technologies Stock Performance

NYSE FET opened at $74.86 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.19 and a quick ratio of 1.09. Forum Energy Technologies, Inc. has a 1-year low of $18.12 and a 1-year high of $77.51. The firm has a market capitalization of $841.88 million, a P/E ratio of -499.03, a P/E/G ratio of 3.09 and a beta of 0.53. The business’s 50-day simple moving average is $53.48 and its 200-day simple moving average is $54.59.

Forum Energy Technologies (NYSE:FET) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.56 by $0.60. Forum Energy Technologies had a negative net margin of 0.19% and a positive return on equity of 9.45%. The firm had revenue of $226.22 million for the quarter, compared to analyst estimates of $212.35 million. Equities analysts predict that Forum Energy Technologies, Inc. will post 3.06 EPS for the current year.

Insider Activity

In other news, SVP Michael Dewayne Danford sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $55.49, for a total transaction of $166,470.00. Following the transaction, the senior vice president directly owned 54,139 shares of the company’s stock, valued at approximately $3,004,173.11. The trade was a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John C. Ivascu sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $70.63, for a total transaction of $353,150.00. Following the sale, the executive vice president directly owned 85,512 shares of the company’s stock, valued at $6,039,712.56. The trade was a 5.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 7.70% of the company’s stock.

About Forum Energy Technologies

Forum Energy Technologies Inc is a global provider of advanced products and services to the oil and gas industry. The company’s offerings span the full lifecycle of exploration and production, including drilling, well construction, completion and production, and subsea operations. Key product lines include premium drill bits, downhole drilling motors, directional drilling tools, subsea umbilicals, and pressure control equipment, complemented by field service support and engineered solutions for complex projects.

Established through the merger of Forum Oilfield Technologies, Triton Group, Global Energy Group, and Allen International in 2010, Forum Energy Technologies has built a diversified technology portfolio designed to meet evolving industry requirements.