Forum Energy Technologies, Inc. $FET Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Forum Energy Technologies, Inc. (NYSE:FET) by 103.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 69,490 shares of the oil and gas company’s stock after buying an additional 35,393 shares during the period. Sei Investments Co.’s holdings in Forum Energy Technologies were worth $4,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of FET. Ritholtz Wealth Management acquired a new stake in Forum Energy Technologies in the fourth quarter worth $1,196,000. Hillsdale Investment Management Inc. bought a new stake in Forum Energy Technologies during the first quarter worth approximately $7,682,000. Independent Financial Group LLC acquired a new position in Forum Energy Technologies during the first quarter worth about $1,746,000. Walleye Capital LLC bought a new stake in shares of Forum Energy Technologies in the 1st quarter worth approximately $1,632,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Forum Energy Technologies by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 626,938 shares of the oil and gas company’s stock valued at $36,775,000 after acquiring an additional 33,802 shares during the last quarter. Institutional investors own 65.60% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other Forum Energy Technologies news, EVP John C. Ivascu sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $70.63, for a total transaction of $353,150.00. Following the transaction, the executive vice president directly owned 85,512 shares in the company, valued at $6,039,712.56. This trade represents a 5.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Michael Dewayne Danford sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $55.49, for a total value of $166,470.00. Following the sale, the senior vice president owned 54,139 shares of the company’s stock, valued at approximately $3,004,173.11. This trade represents a 5.25% decrease in their position. The SEC filing for this sale provides additional information. 7.70% of the stock is owned by company insiders.

Forum Energy Technologies Trading Down 0.9%

NYSE:FET opened at $74.86 on Friday. The company 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 stock’s 50 day moving average price is $53.48 and its 200 day moving average price is $54.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 2.19. Forum Energy Technologies, Inc. has a 52 week low of $18.12 and a 52 week high of $77.51.

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

Key Headlines Impacting Forum Energy Technologies

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

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.