Insider Selling: Forum Energy Technologies (NYSE:FET) SVP Sells $166,470.00 in Stock

Posted by Brenda Bartman on May 17th, 2026

Forum Energy Technologies, Inc. (NYSE:FET – Get Free Report) SVP Michael Dewayne Danford sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $55.49, for a total transaction of $166,470.00. Following the transaction, the senior vice president 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Forum Energy Technologies Stock Up 0.2%

Shares of NYSE FET opened at $56.22 on Friday. 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 firm has a market cap of $635.23 million, a PE ratio of -95.28, a P/E/G ratio of 3.41 and a beta of 0.60. The company’s fifty day simple moving average is $58.46 and its 200 day simple moving average is $46.21. Forum Energy Technologies, Inc. has a 12-month low of $14.17 and a 12-month high of $65.43.

Forum Energy Technologies (NYSE:FET – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.03. Forum Energy Technologies had a negative net margin of 0.78% and a positive return on equity of 4.15%. The firm had revenue of $208.70 million during the quarter, compared to the consensus estimate of $201.30 million. As a group, sell-side analysts forecast that Forum Energy Technologies, Inc. will post 2.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Forum Energy Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in FET. Renaissance Technologies LLC increased its holdings in Forum Energy Technologies by 23.7% during the first quarter. Renaissance Technologies LLC now owns 140,475 shares of the oil and gas company’s stock worth $8,240,000 after buying an additional 26,875 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Forum Energy Technologies by 20.9% during the first quarter. Public Employees Retirement System of Ohio now owns 19,840 shares of the oil and gas company’s stock worth $1,164,000 after buying an additional 3,428 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Forum Energy Technologies by 66.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 152,403 shares of the oil and gas company’s stock worth $8,940,000 after buying an additional 60,711 shares during the last quarter. Caxton Associates LLP purchased a new stake in Forum Energy Technologies during the first quarter worth about $732,000. Finally, Bank of Nova Scotia purchased a new stake in Forum Energy Technologies during the first quarter worth about $516,000. 65.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FET shares. Zacks Research upgraded shares of Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Forum Energy Technologies from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Forum Energy Technologies in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Forum Energy Technologies currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on FET

About Forum Energy Technologies

(Get 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.