Kornitzer Capital Management Inc. KS grew its stake in shares of Forum Energy Technologies, Inc. (NYSE:FET) by 22.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,077,944 shares of the oil and gas company’s stock after acquiring an additional 196,595 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 1.12% of Forum Energy Technologies worth $17,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Palisade Capital Management LLC NJ increased its holdings in shares of Forum Energy Technologies by 13.5% during the third quarter. Palisade Capital Management LLC NJ now owns 611,702 shares of the oil and gas company’s stock valued at $9,726,000 after acquiring an additional 72,660 shares in the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of Forum Energy Technologies by 19.4% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 355,951 shares of the oil and gas company’s stock valued at $5,660,000 after buying an additional 57,813 shares in the last quarter. Mesirow Financial Investment Management Equity Management lifted its position in shares of Forum Energy Technologies by 22.5% during the 3rd quarter. Mesirow Financial Investment Management Equity Management now owns 1,144,310 shares of the oil and gas company’s stock valued at $18,194,000 after buying an additional 210,145 shares in the last quarter. BARING ASSET MANAGEMENT Ltd lifted its position in shares of Forum Energy Technologies by 48.8% during the 3rd quarter. BARING ASSET MANAGEMENT Ltd now owns 704,126 shares of the oil and gas company’s stock valued at $11,196,000 after buying an additional 230,835 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Forum Energy Technologies by 96.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,541,025 shares of the oil and gas company’s stock valued at $56,302,000 after buying an additional 1,738,375 shares in the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.

Shares of Forum Energy Technologies, Inc. (NYSE FET) traded down $0.04 on Monday, hitting $13.90. The company’s stock had a trading volume of 182,635 shares, compared to its average volume of 846,258. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.74 and a quick ratio of 1.76. Forum Energy Technologies, Inc. has a twelve month low of $10.05 and a twelve month high of $26.25.

Forum Energy Technologies (NYSE:FET) last posted its earnings results on Tuesday, October 31st. The oil and gas company reported ($0.10) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.10). The business had revenue of $198.70 million for the quarter, compared to analyst estimates of $200.96 million. Forum Energy Technologies had a negative net margin of 16.85% and a negative return on equity of 3.97%. Forum Energy Technologies’s revenue was up 43.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.19) EPS. sell-side analysts forecast that Forum Energy Technologies, Inc. will post -0.35 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on FET. Zacks Investment Research lowered Forum Energy Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Cowen and Company decreased their target price on 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. Citigroup Inc. increased their target price on Forum Energy Technologies from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, October 5th. Barclays PLC lowered Forum Energy Technologies from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $24.00 to $16.00 in a research report on Wednesday, July 12th. Finally, Capital One Financial Corporation lowered Forum Energy Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.63.

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.

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

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