Principal Financial Group Inc. acquired a new stake in Forum Energy Technologies, Inc. (NYSE:FET – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,550 shares of the oil and gas company’s stock, valued at approximately $912,000. Principal Financial Group Inc. owned 0.14% of Forum Energy Technologies as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of FET. Russell Investments Group Ltd. grew its holdings in Forum Energy Technologies by 7.0% during the fourth quarter. Russell Investments Group Ltd. now owns 9,442 shares of the oil and gas company’s stock worth $349,000 after acquiring an additional 618 shares during the period. Victory Capital Management Inc. lifted its holdings in Forum Energy Technologies by 5.8% in the third quarter. Victory Capital Management Inc. now owns 14,402 shares of the oil and gas company’s stock valued at $385,000 after acquiring an additional 793 shares during the period. Meeder Asset Management Inc. acquired a new position in Forum Energy Technologies in the fourth quarter valued at approximately $35,000. Raymond James Financial Inc. boosted its position in Forum Energy Technologies by 10.1% in the 3rd quarter. Raymond James Financial Inc. now owns 10,604 shares of the oil and gas company’s stock worth $283,000 after purchasing an additional 971 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Forum Energy Technologies in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.60% of the company’s stock.
Forum Energy Technologies News Roundup
Here are the key news stories impacting Forum Energy Technologies this week:
- Positive Sentiment: Quarterly results exceeded expectations: Forum reported adjusted earnings of approximately $1.16 per share, well above the $0.57 analyst consensus, while revenue reached $226.2 million versus expectations of $212.4 million. The quarter compares with a loss of $0.10 per share a year earlier. Forum Energy Technologies Surpasses Q2 Earnings and Revenue Estimates
- Positive Sentiment: Profitability and demand improved: Revenue rose 8% sequentially, adjusted EBITDA increased 39% to about $32 million, and gross and adjusted EBITDA margins expanded by 230 and 300 basis points, respectively. Orders totaled $236 million, producing a 104% book-to-bill ratio, while management said market share grew 13%. Forum Energy Technologies Announces Second Quarter 2026 Results
- Positive Sentiment: Guidance was raised: Full-year 2026 revenue guidance was increased to $870 million-$910 million from a consensus estimate of $856.2 million. Third-quarter revenue guidance of $225 million-$245 million also exceeds the $219 million consensus, signaling continued momentum. Forum Energy Technologies Stock Surges After Results and Raised Guidance
- Positive Sentiment: Capital returns provided additional support: Forum repurchased $8 million of stock during the first half of 2026, indicating management’s confidence in cash generation and valuation.
- Neutral Sentiment: The company’s Drilling and Completions segment generated $139 million of revenue, while Artificial Lift and Downhole contributed $87 million. Investors will likely focus on the earnings-call discussion of order trends, margins and the sustainability of the recovery. Forum Energy Technologies Q2 2026 Earnings Call Transcript
- Negative Sentiment: Two executives sold shares in the past six months, with no reported insider purchases. The sales may modestly temper sentiment, although they do not offset the stronger earnings and guidance signals.
Insider Activity at Forum Energy Technologies
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Forum Energy Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Zacks Research cut shares of Forum Energy Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Forum Energy Technologies has a consensus rating of “Reduce”.
Check Out Our Latest Report on FET
Forum Energy Technologies Price Performance
Shares of Forum Energy Technologies stock opened at $62.78 on Friday. The firm has a market cap of $709.70 million, a PE ratio of -418.53, a P/E/G ratio of 2.98 and a beta of 0.54. Forum Energy Technologies, Inc. has a twelve month low of $18.12 and a twelve month high of $65.43. The company has a quick ratio of 1.09, a current ratio of 2.23 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $51.97 and a 200 day moving average price of $53.58.
Forum Energy Technologies (NYSE:FET – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.60. The company had revenue of $226.22 million for the quarter, compared to the consensus estimate of $212.35 million. Forum Energy Technologies had a positive return on equity of 9.45% and a negative net margin of 0.19%. Sell-side analysts predict that Forum Energy Technologies, Inc. will post 2.16 earnings per share for the current fiscal year.
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.
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