Forum Energy TechnologiesFET
About: Forum Energy Technologies Inc is a products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole which is also its key revenue generating segment, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors among others.
Employees: 1,600
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
7,867% more capital invested
Capital invested by funds: $130M [Q2] → $10.4B (+$10.3B) [Q3]
100% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 16
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
5.16% more ownership
Funds ownership: 62.31% [Q2] → 67.46% (+5.16%) [Q3]
1% less funds holding
Funds holding: 78 [Q2] → 77 (-1) [Q3]
10% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 10
59% less call options, than puts
Call options by funds: $21K | Put options by funds: $51K
Research analyst outlook
We haven’t received any recent analyst ratings for FET.