Why These 15 Oil & Gas Stocks Are Skyrocketing So Far In 2025

Page 4 of 14

11. Forum Energy Technologies Inc (NYSE:FET)

Number of Hedge Fund Holders In Q3 2024: 5

Forum Energy Technologies Inc (NYSE:FET) makes equipment for oil and gas.

The stock’s 2025 surge is due to FET announcing a $75 million share repurchase program and completing $20 million sale-leaseback transactions to optimize its balance sheet.

It also refinanced debt through a $100 million senior secured bond issuance at 10.5% interest. Plus, management is now projecting $50–$60 million free cash flow for 2025 (21–25% yield at current valuation).

Forum Energy acquired Variperm Energy Services and expanded its Canadian tar sands exposure. As such, it boosted Q3 2024 revenue growth. Sales grew 16% year-over-year to $208 million.

The annual revenue growth is projected at 15% through 2026.

FET stock is up 12.13% year-to-date.

Page 4 of 14