Commerce Bank maintained its stake in shares of Forum Energy Technologies, Inc. (NYSE:FET) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,755 shares of the oil and gas company’s stock at the end of the second quarter. Commerce Bank’s holdings in Forum Energy Technologies were worth $261,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ameritas Investment Partners Inc. bought a new position in shares of Forum Energy Technologies in the first quarter valued at $107,000. Cutler Group LP lifted its stake in shares of Forum Energy Technologies by 22.8% in the second quarter. Cutler Group LP now owns 7,000 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,300 shares in the last quarter. Independent Portfolio Consultants Inc. lifted its stake in shares of Forum Energy Technologies by 1,150.8% in the second quarter. Independent Portfolio Consultants Inc. now owns 7,505 shares of the oil and gas company’s stock valued at $117,000 after buying an additional 6,905 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Forum Energy Technologies by 147.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 7,832 shares of the oil and gas company’s stock valued at $162,000 after buying an additional 4,672 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Forum Energy Technologies by 280.5% in the second quarter. BNP Paribas Arbitrage SA now owns 9,368 shares of the oil and gas company’s stock valued at $146,000 after buying an additional 6,906 shares in the last quarter.

A number of research analysts have weighed in on FET shares. Credit Suisse Group lowered shares of Forum Energy Technologies from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $23.00 to $12.00 in a research note on Thursday, August 24th. Deutsche Bank AG reissued a “buy” rating and set a $25.00 price target (down from $26.00) on shares of Forum Energy Technologies in a research report on Tuesday, May 30th. BidaskClub lowered shares of Forum Energy Technologies from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Societe Generale initiated coverage on shares of Forum Energy Technologies in a research report on Wednesday, June 7th. They set a “buy” rating and a $20.00 price target on the stock. Finally, Scotiabank set a $24.00 price target on shares of Forum Energy Technologies and gave the company a “hold” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.81.

Shares of Forum Energy Technologies, Inc. (NYSE FET) opened at 12.95 on Tuesday. The company’s market capitalization is $1.25 billion. Forum Energy Technologies, Inc. has a 12 month low of $10.05 and a 12 month high of $26.25. The firm’s 50-day moving average is $12.16 and its 200 day moving average is $16.32.

Forum Energy Technologies (NYSE:FET) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Forum Energy Technologies had a negative net margin of 18.89% and a negative return on equity of 4.55%. The business had revenue of $201.10 million during the quarter, compared to analyst estimates of $194.16 million. Equities analysts expect that Forum Energy Technologies, Inc. will post ($0.30) EPS for the current year.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another site, it was stolen and republished in violation of U.S. and international copyright legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/12/commerce-bank-has-261000-position-in-forum-energy-technologies-inc-fet.html.

About Forum Energy Technologies

Forum Energy Technologies, Inc is an oilfield products company. The Company designs, manufactures and distributes products, and engages in aftermarket services, parts supply and related services. The Company operates through three segments: Drilling & Subsea, Completions, and Production & Infrastructure.

Want to see what other hedge funds are holding FET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forum Energy Technologies, Inc. (NYSE:FET).

Institutional Ownership by Quarter for Forum Energy Technologies (NYSE:FET)

Receive News & Ratings for Forum Energy Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forum Energy Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.