Insider Scf Partners, Inc. of Forum Energy Technologies, Inc. (NYSE:FET – Get Rating) sold 14,588 shares of the company in a trade on Monday, April 18. The shares were sold at an average price of $22.95, for a total value of $334,794.60. Following the completion of the sale, the insider now owns 68,876 shares of the company, valued at $1,580,704.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website.
Scf Partners, Inc. also recently made the following trade(s):
- On Wednesday, April 13, Scf Partners, Inc. sold 10,052 shares of Forum Energy Technologies. The stock was sold at an average price of $22.80, for a total value 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 stock was 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 stock was 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 shares were sold at an average price of $24.57, for a total value of $724,299.03.
- On Monday, March 28, Scf Partners, Inc. sold 3,602 shares of Forum Energy Technologies. The shares were sold at an average price of $23.02, for a total value of $82,918.04.
- On Thursday, March 24, Scf Partners, Inc. sold 6,906 shares of Forum Energy Technologies. The shares were sold at an average price of $23.64, for a total value of $163,257.84.
- On Tuesday, March 22, Scf Partners, Inc. sold 600 shares of Forum Energy Technologies. The shares were sold at an average price of $24.22, for a total value of $14,532.00.
- On Wednesday, March 9, Scf Partners, Inc. sold 303 shares of Forum Energy Technologies. The shares were sold at an average price of $24.70, for a total value of $7,484.10.
NYSE: FET traded down $0.19 during midday trading on Monday, hitting $22.76. The company had a trading volume of 37,105 shares, compared to an average volume of 35,412. Forum Energy Technologies, Inc. has a fifty-two-week low of $14.71 and a fifty-two-week high of 28 $.50. The company’s fifty-day moving average is $21.78 and its two-hundred-day moving average is $20.30. The company has a debt ratio of 0.71, a quick ratio of 1.17 and a current ratio of 2.54. The company has a market capitalization of $130.21 million, a P/E ratio of -1.55 and a beta of 3.65.
Forum Energy Technologies (NYSE:FET – Get Rating) released its quarterly results for the last time on Monday, February 28. The oil and gas company reported ($2.23) EPS for the quarter, missing the Zacks consensus estimate of ($0.80) by ($1.43). The company had revenue of $148.10 million for the quarter. Forum Energy Technologies recorded a negative return on equity of 17.63% and a negative net margin of 15.29%. Equity analysts expect Forum Energy Technologies, Inc. to post -1.78 earnings per share for the current year.
Several research companies have recently published reports on FET. StockNews.com began covering Forum Energy Technologies in a report on Thursday, March 31. They issued a “holding” rating on the stock. Zacks Investment Research upgraded Forum Energy Technologies from a “sell” to a “hold” rating in a Monday, Jan. 10 research note.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Marshall Wace LLP increased its position in shares of Forum Energy Technologies by 18.3% during the third quarter. Marshall Wace LLP now owns 24,992 shares of the oil and gas company worth $563,000 after purchasing 3,861 additional shares during the period. Dimensional Fund Advisors LP increased its holdings of Forum Energy Technologies shares by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 144,072 shares of the oil and gas company worth $3,247,000 after buying 3,357 more shares last quarter. BlackRock Inc. increased its holdings of Forum Energy Technologies shares by 4.7% during the third quarter. BlackRock Inc. now owns 87,270 shares of the oil and gas company worth $1,967,000 after buying 3,922 more shares last quarter. Millennium Management LLC purchased a new stock position in Forum Energy Technologies during the fourth quarter for a value of approximately $213,000. Finally, JPMorgan Chase & Co. increased its equity stake in Forum Energy Technologies by 6.3% during the fourth quarter. JPMorgan Chase & Co. now owns 9,978 shares of the oil and gas company worth $160,000 after buying 594 more shares last quarter. 48.23% of the shares are currently held by institutional investors.
About Forum Energy Technologies (Get a rating)
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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