“Big money” Positions
In Q2 2018 Forum Energy Technologies Inc (NYSE:FET) big money sentiment decreased to 1.16, revealed SEC filings. So its down -0.04, from 2018Q1’s 1.2. 65 funds opened new or increased holdings, while 56 sold and decreased stock positions in Forum Energy Technologies Inc so the sentiment dived. Funds own 94.23 million shares, down from 94.45 million shares in 2018Q1. Funds holding Forum Energy Technologies Inc in top 10 changed to 3 from 3 for the same number . In total 14 funds closed positions, 42 reduced and 48 increased. Also 17 funds bought new Forum Energy Technologies Inc stakes.
Biggest Forum Energy Technologies Inc Shareholders
As of Q2 2018 Simmons L E & Associates Inc has 32.11% invested in Forum Energy Technologies Inc. As of Q2 2018, 2.67 million shares of Forum Energy Technologies Inc are owned by Tinicum Inc. In addition, Hillman Co reported 2.36 million shares in Forum Energy Technologies Inc equivalent to 8.1% of its stock exposure. Energy Opportunities Capital Management Llc revealed 393,383 shares position in Forum Energy Technologies Inc. The Texas-based fund Mitchell Group Inc looks positive on Forum Energy Technologies Inc, owning 672,146 shares.
Forum Energy Technologies, Inc. designs, makes, and distributes products to the oil and natural gas industry in the United States and internationally.The firm is worth $871.14 million. The firm operates in three divisions: Drilling & Subsea, Completions, and Production & Infrastructure.The P/E ratio is 18.09. The Drilling & Subsea segment creates and makes products, and provides related services to the drilling and subsea construction markets.
FET is hitting $8.03 during the last trading session, after decreased 1.95%.Forum Energy Technologies, Inc. is downtrending after having declined 14.34% since November 10, 2017. FET has 1.68 million volume or 71.61% up from normal. FET underperformed the S&P 500 by 29.96%.
California-based Schwab Charles Invest Mgmt has invested 0.01% in Forum Energy Technologies, Inc. (NYSE:FET). Schroder Inv Gp holds 359,940 shs. Neuberger Berman Gru Lc holds 1.06M shs. Thomson Horstmann And Bryant reported 35,495 shs. Corecommodity Ltd holds 0.16% or 18,956 shs. Moreover, State Board Of Administration Of Florida Retirement Sys has 0% invested in Forum Energy Technologies, Inc. (NYSE:FET) for 34,706 shs. Fmr Lc holds 0% of its capital in Forum Energy Technologies, Inc. (NYSE:FET) for 684,300 shs. Ftb Advsr has 600 shs for 0% of their capital. Citadel Advsr holds 0% or 26,605 shs. Tortoise Advisors Limited Com reported 41 shs. Balyasny Asset Ltd Liability Co invested in 0% or 19,279 shs. Moreover, Credit Suisse Ag has 0% invested in Forum Energy Technologies, Inc. (NYSE:FET) for 100,139 shs. Clearbridge Invs Ltd accumulated 963,390 shs. Moreover, Cortina Asset Mngmt Ltd Com has 0.24% invested in Forum Energy Technologies, Inc. (NYSE:FET). Parkside Bank & Trust And Trust invested 0.01% of its capital in Forum Energy Technologies, Inc. (NYSE:FET).
Forum Energy Technologies, Inc. (NYSE:FET) Ratings Coverage
Total analysts of 5 have positions in Forum Energy Technologies (NYSE:FET) as follows: 1 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 20%. Since August 1, 2018 according to StockzIntelligence Inc Forum Energy Technologies has 7 analyst reports. On Tuesday, October 2 Simmons & Co upgraded Forum Energy Technologies, Inc. (NYSE:FET) rating. Simmons & Co has “Overweight” rating and $12.5 target. On Wednesday, October 31 the stock of Forum Energy Technologies, Inc. (NYSE:FET) has “Neutral” rating given by Citigroup. On Friday, September 14 the firm has “Neutral” rating by Citigroup given. On Wednesday, August 1 the stock has “Neutral” rating by Credit Suisse. On Wednesday, October 31 the stock has “Neutral” rating by Credit Suisse. In Monday, September 17 report JP Morgan maintained the stock with “Neutral” rating.
More recent Forum Energy Technologies, Inc. (NYSE:FET) news were released by Streetinsider.com, Seekingalpha.com and Seekingalpha.com. The first one has “Forum Energy Technologies (FET) Tops Q3 EPS by 1c, Revenues Miss” as a title and was released on October 29, 2018. The next is “Forum Energy Technologies’ (FET) CEO Prady Iyyanki on Q3 2018 Results – Earnings Call Transcript” on October 30, 2018. And last was released on October 30, 2018, called “More on Forum Energy Technologies Q3 results”.
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