D.A. Davidson & CO. purchased a new position in shares of Forum Energy Technologies, Inc. (NYSE:FET) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 7,497 shares of the oil and gas company’s stock, valued at approximately $116,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FET. Virginia Retirement Systems ET AL raised its stake in shares of Forum Energy Technologies by 8.7% in the 1st quarter. Virginia Retirement Systems ET AL now owns 10,979 shares of the oil and gas company’s stock valued at $227,000 after acquiring an additional 879 shares in the last quarter. US Bancorp DE raised its stake in shares of Forum Energy Technologies by 8.0% in the 2nd quarter. US Bancorp DE now owns 13,241 shares of the oil and gas company’s stock valued at $206,000 after acquiring an additional 986 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Forum Energy Technologies by 1.7% in the 2nd quarter. Nationwide Fund Advisors now owns 66,648 shares of the oil and gas company’s stock valued at $1,040,000 after acquiring an additional 1,083 shares in the last quarter. Cutler Group LP raised its stake in shares of Forum Energy Technologies by 22.8% in the 2nd quarter. Cutler Group LP now owns 7,000 shares of the oil and gas company’s stock valued at $109,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Texan Capital Management raised its stake in shares of Forum Energy Technologies by 8.3% in the 2nd quarter. Texan Capital Management now owns 16,900 shares of the oil and gas company’s stock valued at $264,000 after acquiring an additional 1,300 shares in the last quarter.

Shares of Forum Energy Technologies, Inc. (NYSE FET) opened at 15.05 on Wednesday. The firm’s market cap is $1.45 billion. Forum Energy Technologies, Inc. has a 12-month low of $10.05 and a 12-month high of $26.25. The firm has a 50-day moving average price of $13.44 and a 200-day moving average price of $15.46.

Forum Energy Technologies (NYSE:FET) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. The firm had revenue of $201.10 million for the quarter, compared to analyst estimates of $194.16 million. Forum Energy Technologies had a negative return on equity of 4.55% and a negative net margin of 18.89%. Equities research analysts anticipate that Forum Energy Technologies, Inc. will post ($0.29) EPS for the current year.

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FET has been the topic of a number of recent analyst reports. 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. BidaskClub downgraded Forum Energy Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Credit Suisse Group downgraded Forum Energy Technologies from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $23.00 to $12.00 in a research note on Thursday, August 24th. Morgan Stanley reissued an “equal weight” rating and issued a $19.00 price objective (down from $25.00) on shares of Forum Energy Technologies in a research note on Wednesday, June 21st. Finally, Jefferies Group LLC set a $17.00 price objective on Forum Energy Technologies and gave the company a “hold” rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.73.

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.

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

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