Forum Energy Technologies, Inc. (FET) Shares Bought by Teachers Advisors LLC

Teachers Advisors LLC boosted its holdings in shares of Forum Energy Technologies, Inc. (NYSE:FET) by 59.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 168,736 shares of the oil and gas company’s stock after buying an additional 62,596 shares during the period. Teachers Advisors LLC owned approximately 0.17% of Forum Energy Technologies worth $2,632,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. US Bancorp DE boosted its stake in Forum Energy Technologies by 8.0% during the second quarter. US Bancorp DE now owns 13,241 shares of the oil and gas company’s stock valued at $206,000 after buying an additional 986 shares during the period. Cutler Group LP boosted its stake in Forum Energy Technologies by 22.8% during the second quarter. Cutler Group LP now owns 7,000 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,300 shares during the period. Texan Capital Management boosted its stake in Forum Energy Technologies by 8.3% during the second quarter. Texan Capital Management now owns 16,900 shares of the oil and gas company’s stock valued at $264,000 after buying an additional 1,300 shares during the period. Envestnet Asset Management Inc. boosted its stake in Forum Energy Technologies by 12.5% during the first quarter. Envestnet Asset Management Inc. now owns 12,637 shares of the oil and gas company’s stock valued at $263,000 after buying an additional 1,403 shares during the period. Finally, American International Group Inc. boosted its stake in Forum Energy Technologies by 7.0% during the first quarter. American International Group Inc. now owns 36,963 shares of the oil and gas company’s stock valued at $765,000 after buying an additional 2,427 shares during the period. 95.64% of the stock is owned by institutional investors.

Shares of Forum Energy Technologies, Inc. (FET) opened at 13.70 on Friday. The firm’s 50-day moving average price is $14.13 and its 200-day moving average price is $15.25. Forum Energy Technologies, Inc. has a 52-week low of $10.05 and a 52-week high of $26.25. The stock’s market cap is $1.32 billion.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Forum Energy Technologies had a negative net margin of 18.89% and a negative return on equity of 4.55%. The business had revenue of $201.10 million during the quarter, compared to the consensus estimate of $194.16 million. Equities analysts predict that Forum Energy Technologies, Inc. will post ($0.32) EPS for the current year.

FET has been the subject of several research analyst reports. Scotiabank set a $24.00 price objective on Forum Energy Technologies and gave the company a “hold” rating in a research note on Thursday, October 12th. Cowen and Company set a $11.00 price objective on Forum Energy Technologies and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research raised Forum Energy Technologies from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday. BidaskClub lowered Forum Energy Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Credit Suisse Group lowered Forum Energy Technologies from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $23.00 to $12.00 in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. Forum Energy Technologies currently has an average rating of “Hold” and an average price target of $18.56.

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A number of other large investors have also bought and sold shares of the stock. US Bancorp DE boosted its stake in Forum Energy Technologies by 8.0% during the second quarter. US Bancorp DE now owns 13,241 shares of the oil and gas company’s stock valued at $206,000 after buying an additional 986 shares during the period. Cutler Group LP boosted its stake in Forum Energy Technologies by 22.8% during the second quarter. Cutler Group LP now owns 7,000 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,300 shares during the period. Texan Capital Management boosted its stake in Forum Energy Technologies by 8.3% during the second quarter. Texan Capital Management now owns 16,900 shares of the oil and gas company’s stock valued at $264,000 after buying an additional 1,300 shares during the period. Envestnet Asset Management Inc. boosted its stake in Forum Energy Technologies by 12.5% during the first quarter. Envestnet Asset Management Inc. now owns 12,637 shares of the oil and gas company’s stock valued at $263,000 after buying an additional 1,403 shares during the period. Finally, American International Group Inc. boosted its stake in Forum Energy Technologies by 7.0% during the first quarter. American International Group Inc. now owns 36,963 shares of the oil and gas company’s stock valued at $765,000 after buying an additional 2,427 shares during the period. 95.64% of the stock is owned by institutional investors.

Shares of Forum Energy Technologies, Inc. (FET) opened at 13.70 on Friday. The firm’s 50-day moving average price is $14.13 and its 200-day moving average price is $15.25. Forum Energy Technologies, Inc. has a 52-week low of $10.05 and a 52-week high of $26.25. The stock’s market cap is $1.32 billion.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Forum Energy Technologies had a negative net margin of 18.89% and a negative return on equity of 4.55%. The business had revenue of $201.10 million during the quarter, compared to the consensus estimate of $194.16 million. Equities analysts predict that Forum Energy Technologies, Inc. will post ($0.32) EPS for the current year.

FET has been the subject of several research analyst reports. Scotiabank set a $24.00 price objective on Forum Energy Technologies and gave the company a “hold” rating in a research note on Thursday, October 12th. Cowen and Company set a $11.00 price objective on Forum Energy Technologies and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research raised Forum Energy Technologies from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday. BidaskClub lowered Forum Energy Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Finally, Credit Suisse Group lowered Forum Energy Technologies from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $23.00 to $12.00 in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. Forum Energy Technologies currently has an average rating of “Hold” and an average price target of $18.56.

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Forum Energy Technologies Company Profile

Forum Energy Technologies, Inc is an oilfield products company. The Company designs, manufactures and distributes products, and engages in aftermarket services, parts supply and related services. The Company operates through three segments: Drilling & Subsea, Completions, and Production & Infrastructure.

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Institutional Ownership by Quarter for Forum Energy Technologies (NYSE:FET)

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