BP Capital Fund Advisors LLC increased its position in shares of Forum Energy Technologies, Inc. (NYSE:FET) by 49.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,847 shares of the oil and gas company’s stock after acquiring an additional 71,834 shares during the quarter. BP Capital Fund Advisors LLC owned 0.22% of Forum Energy Technologies worth $3,367,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. raised its holdings in shares of Forum Energy Technologies by 4.6% during the second quarter. Eagle Asset Management Inc. now owns 841,395 shares of the oil and gas company’s stock valued at $13,125,000 after acquiring an additional 37,103 shares during the period. Moody Aldrich Partners LLC raised its holdings in shares of Forum Energy Technologies by 31.6% during the second quarter. Moody Aldrich Partners LLC now owns 30,665 shares of the oil and gas company’s stock valued at $478,000 after acquiring an additional 7,370 shares during the period. Vanguard Group Inc. raised its holdings in shares of Forum Energy Technologies by 3.9% during the first quarter. Vanguard Group Inc. now owns 5,469,195 shares of the oil and gas company’s stock valued at $113,213,000 after acquiring an additional 205,452 shares during the period. Champlain Investment Partners LLC raised its holdings in shares of Forum Energy Technologies by 2.2% during the first quarter. Champlain Investment Partners LLC now owns 2,361,150 shares of the oil and gas company’s stock valued at $48,876,000 after acquiring an additional 50,355 shares during the period. Finally, Cutler Group LP raised its holdings in shares of Forum Energy Technologies by 22.8% during the second quarter. Cutler Group LP now owns 7,000 shares of the oil and gas company’s stock valued at $109,000 after acquiring an additional 1,300 shares during the period.

A number of research firms have recently issued reports on FET. BidaskClub upgraded shares of Forum Energy Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Societe Generale began coverage on shares of Forum Energy Technologies in a report on Wednesday, June 7th. They set a “buy” rating and a $20.00 price target on the stock. Jefferies Group LLC set a $19.00 price target on shares of Forum Energy Technologies and gave the company a “hold” rating in a report on Tuesday, June 6th. Deutsche Bank AG restated a “buy” rating and set a $25.00 price target (down previously from $26.00) on shares of Forum Energy Technologies in a report on Tuesday, May 30th. Finally, TheStreet lowered shares of Forum Energy Technologies from a “c-” rating to a “d+” rating in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $19.81.

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Forum Energy Technologies, Inc. (FET) traded up 0.948% during mid-day trading on Thursday, reaching $14.375. 162,419 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $12.07 and a 200-day moving average price of $15.96. The stock’s market cap is $1.38 billion. Forum Energy Technologies, Inc. has a 1-year low of $10.05 and a 1-year high of $26.25.

Forum Energy Technologies (NYSE:FET) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $201.10 million for the quarter, compared to the consensus estimate of $194.16 million. Equities research analysts anticipate that Forum Energy Technologies, Inc. will post ($0.30) EPS for the current fiscal year.

Forum Energy Technologies Profile

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.

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

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