Principal Financial Group Inc. Acquires Shares of 15,550 Forum Energy Technologies, Inc. $FET

Principal Financial Group Inc. bought a new stake in Forum Energy Technologies, Inc. (NYSE:FET) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,550 shares of the oil and gas company’s stock, valued at approximately $912,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Russell Investments Group Ltd. raised its position in shares of Forum Energy Technologies by 7.0% during the 4th quarter. Russell Investments Group Ltd. now owns 9,442 shares of the oil and gas company’s stock worth $349,000 after purchasing an additional 618 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Forum Energy Technologies by 5.8% in the 3rd quarter. Victory Capital Management Inc. now owns 14,402 shares of the oil and gas company’s stock valued at $385,000 after buying an additional 793 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Forum Energy Technologies in the 4th quarter valued at about $35,000. Raymond James Financial Inc. boosted its holdings 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 buying an additional 971 shares during 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 4th quarter worth about $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.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Zacks Research lowered Forum Energy Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Wall Street Zen downgraded Forum Energy Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Forum Energy Technologies in a research note on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Forum Energy Technologies Stock Performance

NYSE:FET opened at $62.78 on Friday. The company has a market cap of $709.70 million, a P/E 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’s 50-day moving average price is $51.97 and its 200-day moving average price is $53.58. The company has a current ratio of 2.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.54.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.60. Forum Energy Technologies had a negative net margin of 0.19% and a positive return on equity of 9.45%. The company had revenue of $226.22 million during the quarter, compared to the consensus estimate of $212.35 million. On average, sell-side analysts forecast that Forum Energy Technologies, Inc. will post 2.16 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Michael Dewayne Danford sold 3,000 shares of the company’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 value of $166,470.00. Following the completion of the sale, the senior vice president directly owned 54,139 shares in the company, valued at $3,004,173.11. This represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.70% of the stock is owned by company insiders.

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.