Forum Energy Technologies, Inc. $FET Shares Sold by Monaco Asset Management SAM

Monaco Asset Management SAM lowered its position in Forum Energy Technologies, Inc. (NYSE:FET) by 40.0% during the third quarter, HoldingsChannel.com reports. The fund owned 30,000 shares of the oil and gas company’s stock after selling 20,000 shares during the quarter. Monaco Asset Management SAM’s holdings in Forum Energy Technologies were worth $801,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FET. Bailard Inc. grew its holdings in Forum Energy Technologies by 5.3% in the third quarter. Bailard Inc. now owns 13,800 shares of the oil and gas company’s stock valued at $369,000 after purchasing an additional 700 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Forum Energy Technologies by 166.7% in the 3rd quarter. Federated Hermes Inc. now owns 1,616 shares of the oil and gas company’s stock worth $43,000 after buying an additional 1,010 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Forum Energy Technologies during the third quarter worth about $27,000. Empowered Funds LLC increased its stake in shares of Forum Energy Technologies by 8.8% during the 1st quarter. Empowered Funds LLC now owns 13,908 shares of the oil and gas company’s stock worth $280,000 after purchasing an additional 1,127 shares in the last quarter. Finally, Man Group plc grew its holdings in Forum Energy Technologies by 12.0% during the 2nd quarter. Man Group plc now owns 13,275 shares of the oil and gas company’s stock valued at $258,000 after buying an additional 1,426 shares during the last quarter. 65.60% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Forum Energy Technologies

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

• Positive Sentiment: Q4 results beat — FET reported adjusted EPS of $0.41 (vs. $0.36 consensus) and revenue of $202.2M (vs. $190.5M), showing a recovery from the prior year and giving investors confidence in demand. Read More.
• Positive Sentiment: Upward FY‑2026 revenue outlook — management set revenue guidance of roughly $800M–$880M, above consensus (~$793.7M), implying modest top‑line growth and supporting valuation re‑rating. Read More.
• Positive Sentiment: Cash‑flow targets and market‑share gains — management outlined a 6% revenue growth target for 2026 and a $55M–$75M free‑cash‑flow target, signaling improved cash conversion that can fund buybacks/debt reduction. Read More.
• Positive Sentiment: Large share repurchase in 2025 — the company repurchased ~11% of shares outstanding last year, which reduces float and boosts EPS leverage if results continue improving. Read More.
• Neutral Sentiment: Management commentary — the earnings call/transcripts expand on growth drivers (market share, product mix) and capital allocation priorities; useful for gauging sustainability but not an immediate catalyst by itself. Read More. | Read More.
• Negative Sentiment: Profitability still mixed — despite the beat, trailing metrics show slim or negative margins and limited ROE in some reports; execution must continue to convert revenue into sustained net profit. Read More.

Forum Energy Technologies Stock Performance

NYSE:FET opened at $57.63 on Friday. The company has a market cap of $655.81 million, a P/E ratio of -64.75, a P/E/G ratio of 4.03 and a beta of 0.64. The company has a quick ratio of 1.01, a current ratio of 2.19 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $42.39 and its two-hundred day moving average is $32.86. Forum Energy Technologies, Inc. has a fifty-two week low of $12.78 and a fifty-two week high of $58.80.

Forum Energy Technologies (NYSE:FET) last issued its earnings results on Thursday, February 19th. The oil and gas company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Forum Energy Technologies had a positive return on equity of 2.35% and a negative net margin of 1.22%.The firm had revenue of $202.20 million for the quarter, compared to analysts’ expectations of $190.50 million.

Wall Street Analysts Forecast Growth

FET has been the subject of a number of recent research reports. Zacks Research upgraded Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Wall Street Zen upgraded shares of Forum Energy Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Forum Energy Technologies currently has a consensus rating of “Moderate Buy”.

Forum Energy Technologies Profile

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.