SG Americas Securities LLC Purchases 581 Shares of Forum Energy Technologies, Inc. (NYSE:FET)

SG Americas Securities LLC increased its position in shares of Forum Energy Technologies, Inc. (NYSE:FET) by 12.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,311 shares of the oil and gas company’s stock after acquiring an additional 581 shares during the period. SG Americas Securities LLC owned approximately 0.05% of Forum Energy Technologies worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Forum Energy Technologies by 567.8% in the 2nd quarter. BlackRock Inc. now owns 585,300 shares of the oil and gas company’s stock worth $14,978,000 after buying an additional 497,650 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Forum Energy Technologies by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 328,186 shares of the oil and gas company’s stock worth $8,398,000 after buying an additional 49,274 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Forum Energy Technologies by 37.4% in the 3rd quarter. Vanguard Group Inc. now owns 262,651 shares of the oil and gas company’s stock worth $5,579,000 after buying an additional 71,558 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Forum Energy Technologies by 3.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 246,737 shares of the oil and gas company’s stock worth $5,927,000 after buying an additional 8,587 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Forum Energy Technologies by 1,259.1% in the 2nd quarter. State Street Corp now owns 237,449 shares of the oil and gas company’s stock worth $6,076,000 after buying an additional 219,978 shares during the last quarter. Institutional investors own 65.60% of the company’s stock.

Forum Energy Technologies Stock Down 0.9 %

FET opened at $19.01 on Friday. Forum Energy Technologies, Inc. has a 12 month low of $17.65 and a 12 month high of $28.73. The company has a current ratio of 2.59, a quick ratio of 1.13 and a debt-to-equity ratio of 0.31. The business’s 50-day moving average price is $19.20 and its 200-day moving average price is $20.97. The company has a market cap of $233.44 million, a P/E ratio of -10.28 and a beta of 2.60.

Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings results on Thursday, February 29th. The oil and gas company reported ($0.39) EPS for the quarter. The company had revenue of $185.20 million during the quarter. Forum Energy Technologies had a negative return on equity of 0.38% and a negative net margin of 2.56%. On average, equities analysts expect that Forum Energy Technologies, Inc. will post 0.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FET shares. StockNews.com raised shares of Forum Energy Technologies from a “hold” rating to a “buy” rating in a report on Friday, April 12th. TheStreet cut shares of Forum Energy Technologies from a “c” rating to a “d” rating in a research note on Thursday, February 29th.

Insider Activity at Forum Energy Technologies

In other Forum Energy Technologies news, EVP John C. Ivascu sold 2,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $19.25, for a total transaction of $38,500.00. Following the completion of the sale, the executive vice president now owns 51,543 shares of the company’s stock, valued at approximately $992,202.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.20% of the stock is currently owned by company insiders.

Forum Energy Technologies Profile

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.