Scf Partners, Inc. sells 1,984 shares of Forum Energy Technologies, Inc. (NYSE: FET)


Insider Scf Partners, Inc. of Forum Energy Technologies, Inc. (NYSE:FET – Get Rating) sold 1,984 shares of the company in a trade on Friday, April 8. The shares were sold at an average price of $22.03, for a total value of $43,707.52. Following the sale, the insider now directly owns 88,076 shares of the company, valued at approximately $1,940,314.28. The transaction was disclosed in a document filed with the SEC, accessible via this link.

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

  • On Monday, April 11, Scf Partners, Inc. sold 1,438 shares of Forum Energy Technologies. The shares were sold at an average price of $22.01, for a total value of $31,650.38.
  • 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 transaction of $89,737.67.
  • On Friday, April 1, Scf Partners, Inc. sold 4,612 shares of Forum Energy Technologies. The shares were 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 stock was 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 stock was sold at an average price of $24.22, for a total transaction 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 transaction of $7,484.10.

Shares of FET opened at $22.52 on Thursday. The company has a current ratio of 2.54, a quick ratio of 1.17 and a debt ratio of 0.71. The company has a 50-day moving average of $21.60 and a 200-day moving average of $20.29. Forum Energy Technologies, Inc. has a one-year low of $14.71 and a one-year high of $28.50.

Forum Energy Technologies Inc (NYSE:FET – Get Rating) last released quarterly earnings data on Monday, February 28. The oil and gas company reported ($2.23) EPS for the quarter, missing Thomson Reuters consensus estimate of ($0.80) from ($1.43). Forum Energy Technologies recorded a negative net margin of 15.29% and a negative return on equity of 17.63%. The company had revenue of $148.10 million in the quarter. On average, sell-side analysts expect Forum Energy Technologies, Inc. to post -1.78 EPS for the current year.

Several stock analysts have recently weighed in on the stock. StockNews.com began covering Forum Energy Technologies stocks in a research report on Thursday, March 31. They issued a “holding” rating on the stock. Zacks Investment Research upgraded Forum Energy Technologies from a “sell” rating to a “hold” rating in a Monday, January 10 research report.

A number of hedge funds have recently bought and sold shares of FET. FMR LLC increased its position in Forum Energy Technologies shares by 81.7% during the 1st quarter. FMR LLC now owns 3,014,397 shares of the oil and gas company valued at $15,404,000 after purchasing an additional 1,355,397 shares in the last quarter. First Trust Advisors LP increased its position in shares of Forum Energy Technologies by 147.1% during the first quarter. First Trust Advisors LP now owns 513,202 shares of the oil and gas company valued at $2,622,000 after acquiring an additional 305,506 shares during the period. Monaco Asset Management SAM purchased a new equity stake in Forum Energy Technologies during the 4th quarter for a value of approximately $3,559,000. Allspring Global Investments Holdings LLC bought a new position in Forum Energy Technologies in the fourth quarter worth approximately $3,489,000. Finally, Dimensional Fund Advisors LP increased its stake in Forum Energy Technologies by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 144,072 shares of the oil and gas company valued at $3,247,000 after buying 3,357 additional shares during the period. 48.23% of the shares are currently held by institutional investors and hedge funds.

Company Profile Forum Energy Technologies (Get a rating)

Forum Energy Technologies, Inc. is a global petroleum products company. The company serves the drilling, downhole, subsea, completions and production sectors of the energy industry. It operates through the following segments: Drilling and Downhole, Completions, Production and Enterprise. The Drilling and Downhole segment provides services to the drilling, well construction, artificial lift and subsea construction and energy services markets.

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Insider buying and selling by quarter for Forum Energy Technologies (NYSE:FET)



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Melvin B. Baillie