Dorsey & Whitney Trust CO LLC increased its position in Forum Energy Technologies, Inc. (NYSE:FET) by 34.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,717 shares of the oil and gas company’s stock after purchasing an additional 3,486 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Forum Energy Technologies were worth $214,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FET. Ameritas Investment Partners Inc. acquired a new stake in Forum Energy Technologies in the first quarter worth about $107,000. Cutler Group LP increased its position in Forum Energy Technologies by 22.8% in the second quarter. Cutler Group LP now owns 7,000 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 1,300 shares during the period. Independent Portfolio Consultants Inc. increased its position in Forum Energy Technologies by 1,150.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 7,505 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 6,905 shares during the period. BNP Paribas Arbitrage SA increased its position in Forum Energy Technologies by 280.5% in the second quarter. BNP Paribas Arbitrage SA now owns 9,368 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 6,906 shares during the period. Finally, Aperio Group LLC acquired a new stake in Forum Energy Technologies in the second quarter worth about $200,000.

A number of analysts recently commented on FET shares. BidaskClub lowered Forum Energy Technologies from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Deutsche Bank AG reiterated a “buy” rating and issued a $25.00 price objective (down from $26.00) on shares of Forum Energy Technologies in a research report on Tuesday, May 30th. Credit Suisse Group lowered Forum Energy Technologies from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $12.00 in a research report on Thursday, August 24th. TheStreet lowered Forum Energy Technologies from a “c-” rating to a “d+” rating in a research report on Thursday, May 25th. Finally, Barclays PLC lowered Forum Energy Technologies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $24.00 to $16.00 in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.81.

Forum Energy Technologies, Inc. (NYSE FET) opened at 14.05 on Friday. The company has a 50 day moving average price of $12.03 and a 200 day moving average price of $16.15. The firm’s market capitalization is $1.35 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 the 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 business had revenue of $201.10 million during the quarter, compared to analysts’ expectations of $194.16 million. Analysts anticipate that Forum Energy Technologies, Inc. will post ($0.30) earnings per share for the current fiscal year.

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About Forum Energy Technologies

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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