Forum Energy Technologies, Inc. (NYSE:FET) Insider Sells $126,540.00 in Stock

Forum Energy Technologies, Inc. insider Scf Partners, Inc. (NYSE:FET – Get Rating) sold 6,000 shares of Forum Energy Technologies in a trade on Monday, May 2. The stock was sold at an average price of $21.09, for a total transaction of $126,540.00. Following the completion of the sale, the insider now owns 42,890 shares of the company, valued at approximately $904,550.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Scf Partners, Inc. also recently made the following trade(s):

• On Thursday, April 28, Scf Partners, Inc. sold 20,000 shares of Forum Energy Technologies. The shares were sold at an average price of $21.66, for a total transaction of $433,200.00.
• On Tuesday, April 26, Scf Partners, Inc. sold 7,473 shares of Forum Energy Technologies. The shares were sold at an average price of $21.70, for a total transaction of $162,164.10.
• On Monday, April 18, Scf Partners, Inc. sold 14,588 shares of Forum Energy Technologies. The stock was sold at an average price of $22.95, for a total transaction of $334,794.60.
• On Wednesday, April 13, Scf Partners, Inc. sold 10,052 shares of Forum Energy Technologies. The shares were sold at an average price of $22.80, for a total transaction of $229,185.60.
• On Monday, April 11, Scf Partners, Inc. sold 1,438 shares of Forum Energy Technologies. The stock was sold at an average price of $22.01, for a total value of $31,650.38.
• On Friday, April 8, Scf Partners, Inc. sold 1,984 shares of Forum Energy Technologies. The shares were sold at an average price of $22.03, for a total value of $43,707.52.
• On Monday, April 4, Scf Partners, Inc. sold 3,817 shares of Forum Energy Technologies. The shares were sold at an average price of $23.51, for a total value of $89,737.67.
• On Friday, April 1, Scf Partners, Inc. sold 4,612 shares of Forum Energy Technologies. The stock was sold at an average price of $23.56, for a total value of $108,658.72.
• On Wednesday, March 30, Scf Partners, Inc. sold 29,479 shares of Forum Energy Technologies. The stock was sold at an average price of $24.57, for a total value of $724,299.03.

Shares of NYSE:FET traded down $0.34 during midday trading on Tuesday, hitting $20.42. The company’s shares had a trading volume of 11,369 shares, compared to an average trading volume of 34,487. Forum Energy Technologies, Inc. has a fifty-two week low of $14.71 and a fifty-two week high. of $26.20. The company has a market capitalization of $116.82 million, a P/E ratio of -1.86 and a beta of 3.42. The company has a debt ratio of 0.74, a current ratio of 2.38 and a quick ratio of 1.00. The company’s 50-day simple moving average is $22.33 and its 200-day simple moving average is $20.79.

Forum Energy Technologies (NYSE:FET – Get Rating) last released its quarterly earnings data on Thursday, May 5. The oil and gas company reported ($2.00) earnings per share for the quarter. Forum Energy Technologies recorded a negative net margin of 10.69% and a negative return on equity of 15.30%. The company had revenue of $155.20 million for the quarter.

Separately, StockNews.com began covering Forum Energy Technologies in a research report on Thursday, March 31. They issued a “hold” rating for the company.

A number of institutional investors and hedge funds have recently increased or reduced their holdings in FET. Northern Trust Corp bought a new stake in shares of Forum Energy Technologies during the 1st quarter at a value of $204,000. State Street Corp increased its stake in Forum Energy Technologies by 6.8% in the first quarter. State Street Corp now owns 15,996 shares of the oil and gas company worth $366,000 after buying 1,022 more shares last quarter. Clearline Capital LP acquired a new position in Forum Energy Technologies in Q4 worth approximately $271,000. Bank of New York Mellon Corp increased its stake in Forum Energy Technologies by 25.3% in the first quarter. Bank of New York Mellon Corp now owns 22,173 shares of the oil and gas company worth $507,000 after buying 4,480 more shares last quarter. Finally, Marshall Wace LLP increased its stake in Forum Energy Technologies by 18.3% in the 3rd quarter. Marshall Wace LLP now owns 24,992 shares of the oil and gas company worth $563,000 after buying 3,861 additional shares last quarter. Institutional investors and hedge funds hold 44.06% of the company’s shares.

About Forum Energy Technologies (Get an evaluation)

Forum Energy Technologies, Inc. designs, manufactures, and distributes products for the petroleum, natural gas, industrial, and renewable energy industries in the United States and around the world. It operates through three segments: drilling and 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 markets, including applications in the oil and natural gas, renewable energy, defense and communications.

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