Walleye Capital LLC Acquires Shares of 27,813 Forum Energy Technologies, Inc. $FET

Posted by Stanley Muller on Jul 24th, 2026

Walleye Capital LLC bought a new position in shares of Forum Energy Technologies, Inc. (NYSE:FET – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 27,813 shares of the oil and gas company’s stock, valued at approximately $1,632,000.

Other large investors have also recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in shares of Forum Energy Technologies by 7.0% in the 4th quarter. Russell Investments Group Ltd. now owns 9,442 shares of the oil and gas company’s stock valued at $349,000 after purchasing an additional 618 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Forum Energy Technologies by 5.8% during the 3rd quarter. Victory Capital Management Inc. now owns 14,402 shares of the oil and gas company’s stock worth $385,000 after buying an additional 793 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Forum Energy Technologies during the 4th quarter worth $35,000. Raymond James Financial Inc. boosted its stake in Forum Energy Technologies by 10.1% in the third quarter. Raymond James Financial Inc. now owns 10,604 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 971 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Forum Energy Technologies in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 65.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Zacks Research cut shares of Forum Energy Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Friday, July 17th. 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, July 5th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Read Our Latest Stock Analysis on FET

Forum Energy Technologies Stock Performance

Shares of FET stock opened at $57.57 on Friday. The firm has a market capitalization of $650.52 million, a price-to-earnings ratio of -97.57, a PEG ratio of 3.35 and a beta of 0.54. The company has a current ratio of 2.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $52.19 and its 200-day moving average price is $52.99. Forum Energy Technologies, Inc. has a 12 month low of $18.12 and a 12 month high of $65.43.

Forum Energy Technologies (NYSE:FET – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.03. The company had revenue of $208.70 million during the quarter, compared to the consensus estimate of $201.30 million. Forum Energy Technologies had a positive return on equity of 4.15% and a negative net margin of 0.78%. Equities research analysts forecast that Forum Energy Technologies, Inc. will post 2.16 EPS for the current year.

Insiders Place Their Bets

In other Forum Energy Technologies news, SVP Michael Dewayne Danford sold 3,000 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 54,139 shares of the company’s stock, valued at $3,004,173.11. The trade was a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.70% of the stock is owned by insiders.

Forum Energy Technologies Profile

(Free Report)

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.