Forum Energy Technologies (FET)

• Market cap: $175M
• 1 day: -1.80%
• 5 days: -4.31%
• 1 month: -3.86%
• 3 months: -14.45%
• 6 months: -16.07%
• Year to date: -37.26%
• 1 year: -37.32%
• 5 years: -58.69%
• 10 years: -96.59%
• Sector: Industrials
• Industry: Oil & Gas Field Machinery & Equipment

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