Comerica Bank increased its holdings in shares of Forum Energy Technologies, Inc. (NYSE:FET) by 34.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,972 shares of the oil and gas company’s stock after acquiring an additional 27,733 shares during the period. Comerica Bank owned approximately 0.11% of Forum Energy Technologies worth $1,596,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Forum Energy Technologies by 3.9% in the first quarter. Vanguard Group Inc. now owns 5,469,195 shares of the oil and gas company’s stock worth $113,213,000 after buying an additional 205,452 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Forum Energy Technologies by 7.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,978,173 shares of the oil and gas company’s stock worth $103,046,000 after buying an additional 364,686 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Forum Energy Technologies by 28,940.8% in the first quarter. BlackRock Inc. now owns 4,365,706 shares of the oil and gas company’s stock worth $90,370,000 after buying an additional 4,350,673 shares in the last quarter. Aberdeen Asset Management PLC UK lifted its stake in shares of Forum Energy Technologies by 17.0% in the first quarter. Aberdeen Asset Management PLC UK now owns 2,449,649 shares of the oil and gas company’s stock worth $50,708,000 after buying an additional 356,807 shares in the last quarter. Finally, Hillman Co. lifted its stake in shares of Forum Energy Technologies by 1.5% in the second quarter. Hillman Co. now owns 2,361,295 shares of the oil and gas company’s stock worth $36,836,000 after buying an additional 35,485 shares in the last quarter.

Forum Energy Technologies, Inc. (FET) opened at 13.25 on Wednesday. The stock’s 50 day moving average is $12.18 and its 200 day moving average is $16.29. The stock’s market capitalization is $1.27 billion. Forum Energy Technologies, Inc. has a 12-month low of $10.05 and a 12-month high of $26.25.

Forum Energy Technologies (NYSE:FET) last released its earnings results on Thursday, July 27th. The oil and gas company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The company had revenue of $201.10 million during the quarter, compared to analysts’ expectations of $194.16 million. Forum Energy Technologies had a negative net margin of 18.89% and a negative return on equity of 4.55%. Equities analysts anticipate that Forum Energy Technologies, Inc. will post ($0.30) EPS for the current fiscal year.

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Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Forum Energy Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Jefferies Group LLC set a $19.00 target price on shares of Forum Energy Technologies and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Societe Generale assumed coverage on shares of Forum Energy Technologies in a research note on Wednesday, June 7th. They issued a “buy” rating and a $20.00 target price on the stock. Deutsche Bank AG reiterated a “buy” rating and issued a $25.00 target price (down previously from $26.00) on shares of Forum Energy Technologies in a research note on Tuesday, May 30th. Finally, TheStreet downgraded shares of Forum Energy Technologies from a “c-” rating to a “d+” rating in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. Forum Energy Technologies presently has an average rating of “Hold” and an average price target of $19.81.

Forum Energy Technologies 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.

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

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