Forum Energy Technologies (NYSE:FET) EVP Sells $353,150.00 in Stock

Forum Energy Technologies, Inc. (NYSE:FET) EVP John Ivascu sold 5,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $70.63, for a total value of $353,150.00. Following the sale, the executive vice president directly owned 85,512 shares of the company’s stock, valued at $6,039,712.56. This represents a 5.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Forum Energy Technologies Stock Down 0.9%

FET stock opened at $74.86 on Friday. Forum Energy Technologies, Inc. has a twelve month low of $18.12 and a twelve month high of $77.51. The company has a quick ratio of 1.09, a current ratio of 2.19 and a debt-to-equity ratio of 0.49. The stock has a market cap of $841.88 million, a P/E ratio of -499.03, a PEG ratio of 3.09 and a beta of 0.53. The business’s 50-day moving average price is $53.48 and its 200-day moving average price is $54.59.

Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.60. The company had revenue of $226.22 million during 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%. On average, equities research analysts forecast that Forum Energy Technologies, Inc. will post 3.06 EPS for the current 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

Institutional Investors Weigh In On Forum Energy Technologies

Several large investors have recently bought and sold shares of the business. Meeder Asset Management Inc. bought a new position in Forum Energy Technologies during the fourth quarter valued at $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Forum Energy Technologies in the 4th quarter worth about $37,000. Tower Research Capital LLC TRC raised its position in shares of Forum Energy Technologies by 558.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,088 shares of the oil and gas company’s stock valued at $41,000 after buying an additional 1,771 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Forum Energy Technologies during the 4th quarter valued at about $75,000. Finally, Osaic Holdings Inc. bought a new position in shares of Forum Energy Technologies in the 2nd quarter valued at about $78,000. Institutional investors own 65.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FET. 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. Zacks Research upgraded Forum Energy Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Weiss Ratings reaffirmed 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 Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Forum Energy Technologies Company 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.