Public Employees Retirement System of Ohio lowered its stake in shares of Forum Energy Technologies, Inc. (NYSE:FET) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,266 shares of the oil and gas company’s stock after selling 160 shares during the period. Public Employees Retirement System of Ohio’s holdings in Forum Energy Technologies were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FET. Ameritas Investment Partners Inc. bought a new position in Forum Energy Technologies during the first quarter valued at about $107,000. Simplex Trading LLC bought a new position in Forum Energy Technologies during the first quarter valued at about $158,000. Bronfman E.L. Rothschild L.P. increased its position in Forum Energy Technologies by 147.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,832 shares of the oil and gas company’s stock valued at $162,000 after buying an additional 4,672 shares during the period. Virginia Retirement Systems ET AL increased its position in Forum Energy Technologies by 8.7% in the first quarter. Virginia Retirement Systems ET AL now owns 10,979 shares of the oil and gas company’s stock valued at $227,000 after buying an additional 879 shares during the period. Finally, OLD National Bancorp IN increased its position in Forum Energy Technologies by 7.9% in the first quarter. OLD National Bancorp IN now owns 12,050 shares of the oil and gas company’s stock valued at $249,000 after buying an additional 885 shares during the period.

Shares of Forum Energy Technologies, Inc. (NYSE FET) traded down 0.89% during midday trading on Wednesday, hitting $11.15. 199,147 shares of the stock were exchanged. The company’s market cap is $1.07 billion. The firm has a 50 day moving average of $14.27 and a 200-day moving average of $17.69. Forum Energy Technologies, Inc. has a one year low of $11.05 and a one year high of $26.25.

Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.10) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.01. Forum Energy Technologies had a negative return on equity of 4.55% and a negative net margin of 18.89%. The firm had revenue of $201.10 million for the quarter, compared to analyst estimates of $194.16 million. Equities analysts expect that Forum Energy Technologies, Inc. will post ($0.31) EPS for the current year.

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Several research firms have recently issued reports on FET. BidaskClub upgraded shares of Forum Energy Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Jefferies Group LLC set a $22.00 price objective on shares of Forum Energy Technologies and gave the company a “hold” rating in a report on Thursday, April 27th. Cowen and Company cut their price objective on shares of Forum Energy Technologies from $15.00 to $11.00 and set a “market perform” rating on the stock in a report on Tuesday, August 1st. Societe Generale began coverage on shares of Forum Energy Technologies in a report on Wednesday, June 7th. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Barclays PLC downgraded shares of Forum Energy Technologies from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $24.00 to $16.00 in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.50.

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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