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S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Biden eases Venezuela sanctions as opposition talks resume
Whole Foods decision to pull lobster divides enviros, pols
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Cuba's informal market finds new space on growing internet
Walmart shooting claims teen, young woman, father, mother
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Biden eases Venezuela sanctions as opposition talks resume
Whole Foods decision to pull lobster divides enviros, pols
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Cuba's informal market finds new space on growing internet
Walmart shooting claims teen, young woman, father, mother
S&P 500   4,026.12
DOW   34,347.03
QQQ   286.92
Considerations When Rolling Over a 401(k) into a Roth IRA
THE BEST BLACK FRIDAY DEAL YET (Ad)
Biden eases Venezuela sanctions as opposition talks resume
Whole Foods decision to pull lobster divides enviros, pols
THE BEST BLACK FRIDAY DEAL YET (Ad)
Airbnb has a plan to fix cleaning fees
Saudi viewers angry over apparent ban on World Cup streaming
See how to make money instead of spending it on Black Friday with this offer (Ad)
Cuba's informal market finds new space on growing internet
Walmart shooting claims teen, young woman, father, mother

StockNews.com Downgrades Forum Energy Technologies (NYSE:FET) to Hold

Forum Energy Technologies (NYSE:FET - Get Rating) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Thursday.

Forum Energy Technologies Price Performance

FET traded up $0.84 on Thursday, reaching $29.66. The stock had a trading volume of 22,608 shares, compared to its average volume of 19,580. Forum Energy Technologies has a fifty-two week low of $14.71 and a fifty-two week high of $30.99. The firm has a 50-day moving average of $25.04 and a 200-day moving average of $23.50. The company has a current ratio of 2.43, a quick ratio of 1.05 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $169.95 million, a price-to-earnings ratio of -14.06 and a beta of 2.97.

Institutional Investors Weigh In On Forum Energy Technologies

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in shares of Forum Energy Technologies by 7.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 171,642 shares of the oil and gas company's stock valued at $3,646,000 after buying an additional 12,115 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Forum Energy Technologies by 32.6% in the 3rd quarter. Two Sigma Investments LP now owns 27,875 shares of the oil and gas company's stock valued at $592,000 after buying an additional 6,856 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Forum Energy Technologies by 25.3% in the 1st quarter. Bank of New York Mellon Corp now owns 22,173 shares of the oil and gas company's stock valued at $507,000 after buying an additional 4,480 shares during the last quarter. State Street Corp grew its position in shares of Forum Energy Technologies by 6.8% in the 1st quarter. State Street Corp now owns 15,996 shares of the oil and gas company's stock valued at $366,000 after buying an additional 1,022 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Forum Energy Technologies in the 2nd quarter valued at about $281,000. Institutional investors own 46.51% of the company's stock.

About Forum Energy Technologies

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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 markets, including applications in oil and natural gas, renewable energy, defense, and communications.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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