Virtu KCG Holdings LLC bought a new stake in shares of Forum Energy Technologies, Inc. (NYSE:FET) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 22,083 shares of the oil and gas company’s stock, valued at approximately $344,000.

Other institutional investors have also modified their holdings of the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Forum Energy Technologies during the 1st quarter valued at about $107,000. Cutler Group LP boosted its position in shares of Forum Energy Technologies by 22.8% during the 2nd 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 in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Forum Energy Technologies during the 2nd quarter valued at about $116,000. Independent Portfolio Consultants Inc. boosted its position in shares of Forum Energy Technologies by 1,150.8% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 7,505 shares of the oil and gas company’s stock valued at $117,000 after acquiring an additional 6,905 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Forum Energy Technologies by 280.5% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,368 shares of the oil and gas company’s stock valued at $146,000 after acquiring an additional 6,906 shares in the last quarter. Institutional investors and hedge funds own 95.64% of the company’s stock.

Forum Energy Technologies, Inc. (NYSE FET) opened at 14.05 on Tuesday. Forum Energy Technologies, Inc. has a 12 month low of $10.05 and a 12 month high of $26.25. The stock’s 50 day moving average is $13.88 and its 200-day moving average is $15.37. The firm’s market capitalization is $1.35 billion.

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

Several brokerages have recently weighed in on FET. Citigroup Inc. lifted their target price on shares of Forum Energy Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 5th. Zacks Investment Research upgraded shares of Forum Energy Technologies from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Monday. Scotiabank set a $24.00 target price on shares of Forum Energy Technologies and gave the company a “hold” rating in a research report on Thursday, October 12th. Cowen and Company decreased their target price on shares of Forum Energy Technologies from $15.00 to $11.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 1st. Finally, BidaskClub lowered shares of Forum Energy Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Forum Energy Technologies presently has a consensus rating of “Hold” and an average price target of $18.56.

TRADEMARK VIOLATION NOTICE: This article was first reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international copyright law. The legal version of this article can be read at https://www.dailypolitical.com/2017/10/17/virtu-kcg-holdings-llc-buys-new-stake-in-forum-energy-technologies-inc-fet.html.

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.

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.