Arrowstreet Capital Limited Partnership Raises Holdings in Forum Energy Technologies, Inc. $FET

Key Points

• Arrowstreet Capital increased its Forum Energy Technologies stake by 66.2% in the first quarter, owning 152,403 shares valued at approximately $8.94 million. Institutional investors collectively hold 65.6% of the company.
• Forum reported a significant quarterly earnings beat: adjusted EPS was $1.16 versus the $0.56 consensus, while revenue reached $226.2 million compared with expectations of $212.4 million.
• Management raised its 2026 revenue guidance to $870 million–$910 million, supported by stronger margins, orders and market-share gains; however, analyst sentiment remains cautious, with the stock carrying an average “Reduce” rating.

Arrowstreet Capital Limited Partnership lifted its position in shares of Forum Energy Technologies, Inc. (NYSE:FET - Free Report) by 66.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 152,403 shares of the oil and gas company's stock after acquiring an additional 60,711 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.35% of Forum Energy Technologies worth $8,940,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Forum Energy Technologies during the fourth quarter worth $35,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Forum Energy Technologies during the fourth quarter valued at $37,000. Kemnay Advisory Services Inc. purchased a new position in Forum Energy Technologies during the fourth quarter worth about $75,000. Tower Research Capital LLC TRC grew its position in Forum Energy Technologies by 558.7% during the second quarter. Tower Research Capital LLC TRC now owns 2,088 shares of the oil and gas company's stock worth $41,000 after buying an additional 1,771 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Forum Energy Technologies during the first quarter worth about $126,000. Hedge funds and other institutional investors own 65.60% of the company's stock.

Insider Buying and Selling

In other Forum Energy Technologies news, SVP Michael Dewayne Danford sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $55.49, for a total value of $166,470.00. Following the completion of the sale, the senior vice president owned 54,139 shares in the company, valued at approximately $3,004,173.11. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.70% of the stock is owned by insiders.

More Forum Energy Technologies News

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.

Forum Energy Technologies Stock Performance

Shares of FET stock opened at $62.78 on Friday. The company has a market capitalization of $709.45 million, a P/E ratio of -418.53, a PEG ratio of 3.63 and a beta of 0.54. Forum Energy Technologies, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $65.43. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 2.23. The stock has a 50 day moving average price of $51.97 and a two-hundred day moving average price of $53.58.

Forum Energy Technologies (NYSE:FET - Get Free Report) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.60. The firm had revenue of $226.22 million for the quarter, compared to analysts' expectations of $212.35 million. Forum Energy Technologies had a negative net margin of 0.19% and a positive return on equity of 9.45%. Analysts expect that Forum Energy Technologies, Inc. will post 2.16 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on FET shares. Wall Street Zen raised Forum Energy Technologies from a "buy" rating to a "strong-buy" rating in a report on Sunday. Zacks Research lowered Forum Energy Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Forum Energy Technologies in a research report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce".

Forum Energy Technologies 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.

Want to see what other hedge funds are holding FET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forum Energy Technologies, Inc. (NYSE:FET - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.