Insider Selling: Forum Energy Technologies, Inc. (NYSE:FET) Insider Sells 1,438 Shares of Stock

Forum Energy Technologies, Inc. (NYSE:FET – Get Rating) insider Scf Partners, Inc. sold 1,438 shares of Forum Energy Technologies stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $22.01, for a total value of $31,650.38. Following the sale, the insider now owns 87,411 shares of the company’s stock, valued at approximately $1,923,916.11. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Friday, April 8th, Scf Partners, Inc. sold 1,984 shares of Forum Energy Technologies stock. The stock was sold at an average price of $22.03, for a total value of $43,707.52.
• On Monday, April 4th, Scf Partners, Inc. sold 3,817 shares of Forum Energy Technologies stock. The stock was sold at an average price of $23.51, for a total value of $89,737.67.
• On Friday, April 1st, Scf Partners, Inc. sold 4,612 shares of Forum Energy Technologies stock. The stock was sold at an average price of $23.56, for a total value of $108,658.72.
• On Wednesday, March 30th, Scf Partners, Inc. sold 29,479 shares of Forum Energy Technologies stock. The stock was sold at an average price of $24.57, for a total value of $724,299.03.
• On Monday, March 28th, Scf Partners, Inc. sold 3,602 shares of Forum Energy Technologies stock. The stock was sold at an average price of $23.02, for a total value of $82,918.04.
• On Thursday, March 24th, Scf Partners, Inc. sold 6,906 shares of Forum Energy Technologies stock. The stock was sold at an average price of $23.64, for a total value of $163,257.84.
• On Tuesday, March 22nd, Scf Partners, Inc. sold 600 shares of Forum Energy Technologies stock. The stock was sold at an average price of $24.22, for a total value of $14,532.00.
• On Wednesday, March 9th, Scf Partners, Inc. sold 303 shares of Forum Energy Technologies stock. The stock was sold at an average price of $24.70, for a total value of $7,484.10.

NYSE FET opened at $22.52 on Thursday. Forum Energy Technologies, Inc. has a 1-year low of $14.71 and a 1-year high of $28.50. The company has a quick ratio of 1.17, a current ratio of 2.54 and a debt-to-equity ratio of 0.71. The business’s 50-day simple moving average is $21.60 and its 200-day simple moving average is $20.29.

Forum Energy Technologies (NYSE:FET – Get Rating) last released its quarterly earnings data on Monday, February 28th. The oil and gas company reported ($2.23) earnings per share for the quarter, missing the consensus estimate of ($0.80) by ($1.43). The firm had revenue of $148.10 million during the quarter. Forum Energy Technologies had a negative net margin of 15.29% and a negative return on equity of 17.63%. On average, equities research analysts predict that Forum Energy Technologies, Inc. will post -1.78 EPS for the current year.

A number of analysts have issued reports on FET shares. Zacks Investment Research raised Forum Energy Technologies from a “sell” rating to a “hold” rating in a research note on Monday, January 10th. StockNews.com started coverage on Forum Energy Technologies in a research note on Thursday, March 31st. They issued a “hold” rating on the stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FET. JPMorgan Chase & Co. lifted its position in Forum Energy Technologies by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 9,978 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 594 shares in the last quarter. Invesco Ltd. lifted its position in Forum Energy Technologies by 3.6% during the 3rd quarter. Invesco Ltd. now owns 19,005 shares of the oil and gas company’s stock worth $428,000 after acquiring an additional 664 shares in the last quarter. Bank of America Corp DE lifted its position in Forum Energy Technologies by 5.3% during the 2nd quarter. Bank of America Corp DE now owns 14,241 shares of the oil and gas company’s stock worth $334,000 after acquiring an additional 715 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Forum Energy Technologies by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 144,072 shares of the oil and gas company’s stock worth $3,247,000 after acquiring an additional 3,357 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Forum Energy Technologies by 4.1% during the 4th quarter. BlackRock Inc. now owns 90,828 shares of the oil and gas company’s stock worth $1,458,000 after acquiring an additional 3,558 shares in the last quarter. 48.23% of the stock is currently owned by institutional investors and hedge funds.

Forum Energy Technologies Company Profile (Get Rating)

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

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