Forum Energy Technologies, Inc. (NYSE:FET) Shares Purchased by Tejara Capital Ltd

Tejara Capital Ltd boosted its stake in Forum Energy Technologies, Inc. (NYSE:FET) by 5.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 230,545 shares of the oil and gas company’s stock after acquiring an additional 11,736 shares during the quarter. Forum Energy Technologies accounts for about 2.3% of Tejara Capital Ltd’s portfolio, making the stock its 17th biggest holding. Tejara Capital Ltd’s holdings in Forum Energy Technologies were worth $3,571,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Forum Energy Technologies by 71.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,845 shares of the oil and gas company’s stock valued at $137,000 after acquiring an additional 3,693 shares during the period. Barclays PLC boosted its stake in Forum Energy Technologies by 86.0% during the 3rd quarter. Barclays PLC now owns 27,714 shares of the oil and gas company’s stock worth $428,000 after purchasing an additional 12,810 shares during the last quarter. Monaco Asset Management SAM boosted its stake in Forum Energy Technologies by 9.8% during the 4th quarter. Monaco Asset Management SAM now owns 75,118 shares of the oil and gas company’s stock worth $1,164,000 after purchasing an additional 6,709 shares during the last quarter. Icon Wealth Advisors LLC boosted its stake in Forum Energy Technologies by 44.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 91,758 shares of the oil and gas company’s stock worth $1,419,000 after purchasing an additional 28,225 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Forum Energy Technologies by 6.9% during the 3rd quarter. State Street Corp now owns 198,479 shares of the oil and gas company’s stock worth $3,068,000 after acquiring an additional 12,785 shares during the period. Institutional investors and hedge funds own 65.60% of the company’s stock.

Forum Energy Technologies Stock Up 1.7 %

NYSE FET opened at $19.39 on Tuesday. Forum Energy Technologies, Inc. has a 52 week low of $12.83 and a 52 week high of $20.54. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 0.37. The business’s fifty day simple moving average is $18.15 and its 200-day simple moving average is $16.36. The firm has a market cap of $239.39 million, a PE ratio of -1.77 and a beta of 2.33.

Forum Energy Technologies (NYSE:FET) last posted its quarterly earnings results on Thursday, February 20th. The oil and gas company reported ($0.48) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.58). Forum Energy Technologies had a negative return on equity of 2.39% and a negative net margin of 16.57%. The company had revenue of $201.00 million for the quarter, compared to analysts’ expectations of $201.85 million.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Forum Energy Technologies from a “buy” rating to a “hold” rating in a report on Thursday, March 6th.

Insider Activity at Forum Energy Technologies

In other Forum Energy Technologies news, CEO Neal Lux purchased 9,129 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $17.65 per share, for a total transaction of $161,126.85. Following the completion of the purchase, the chief executive officer now directly owns 212,250 shares of the company’s stock, valued at approximately $3,746,212.50. This trade represents a 4.49 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.20% of the stock is owned by insiders.

Forum Energy Technologies Profile

Forum Energy Technologies, Inc designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewable energy, defense, and communications.