Forum Energy Shares Soar 192.5% in a Year: Time to Hold or Exit?

Key Takeaways Forum Energy shares jumped 192.5% in a year, beating broader industry and peers NESR and NOV.FET faces headwinds from the Middle East conflict, curbing output and weakening drilling activity.About 51% of Forum Energy revenues come from the United States, where the rig count has declined y/y.Forum Energy Technologies, Inc. (FET) provides highly engineered products to support the operations of oil and natural gas and renewable companies. The company’s offering includes consumable products used i ...