<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001085146-23-000121</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: MACKAY SHIELDS LLC -->
          <cik>0000061227</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>5</amendmentNo>
      <securitiesClassTitle>Common Stock</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>09/16/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001401257</issuerCik>
        <issuerName>FORUM ENERGY TECHNOLOGIES, INC.</issuerName>
        <issuerCusip>34984V209</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>10344 SAM HOUSTON PARK DRIVE</com:street1>
          <com:street2>SUITE 300</com:street2>
          <com:city>HOUSTON</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>77064</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>MacKay Shields LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>244223.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>244223.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>244223.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>2.05</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>FORUM ENERGY TECHNOLOGIES, INC.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON, TEXAS 77064</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>MacKay Shields LLC</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>299 Park Avenue
32nd Floor
New York, New York
10171</principalBusinessOfficeOrResidenceAddress>
        <citizenship>MacKay Shields LLC - DELAWARE</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>244,223</amountBeneficiallyOwned>
        <classPercent>2.05</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>MacKay Shields LLC - 244,223</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>MacKay Shields LLC - 0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>MacKay Shields LLC - 244,223</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>MacKay Shields LLC - 0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>N</notApplicableFlag>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
      </item5>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>MacKay Shields LLC</reportingPersonName>
      <signatureDetails>
        <signature>Chris Fitzgerald</signature>
        <title>Chief Compliance Officer</title>
        <date>09/18/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
