Forum Energy Technologies (FET) Reaches $15.50 After 9.00% Up Move, Asa LTD (ASA)’s Sentiment Is 1.36

July 17, 2017 - By Marguerite Chambers

The stock of Forum Energy Technologies Inc (NYSE:FET) is a huge mover today! About 252,798 shares traded. Forum Energy Technologies Inc (NYSE:FET) has risen 4.75% since July 17, 2016 and is uptrending. It has underperformed by 11.95% the S&P500.The move comes after 7 months positive chart setup for the $1.50B company. It was reported on Jul, 17 by Barchart.com. We have $16.90 PT which if reached, will make NYSE:FET worth $135.00M more.

ASA Gold and Precious Metals Limited is a non-diversified, closed-end investment company. The company has market cap of $226.63 million. The Firm seeks long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects or mining of precious metals and minerals. It has a 2.68 P/E ratio. It invests approximately 80% of its total assets in common shares or securities convertible into common shares of companies engaged, directly or indirectly, in the exploration, mining or processing of gold, silver, platinum, diamonds or other precious minerals; held as bullion or other direct forms of gold, silver, platinum or other precious minerals; in instruments representing interests in gold, silver, platinum or other precious minerals, and/or in securities of investment companies, including exchange traded funds, or other securities.

Investors sentiment increased to 1.62 in Q4 2016. Its up 0.11, from 1.51 in 2016Q3. It is positive, as 12 investors sold Forum Energy Technologies Inc shares while 48 reduced holdings. 35 funds opened positions while 62 raised stakes. 95.55 million shares or 2.76% more from 92.98 million shares in 2016Q3 were reported. Hawkins Capital Ltd Partnership owns 24,800 shares. Glenmede Na invested in 0% or 51 shares. 34,536 are owned by American Interest Incorporated. 11,964 are held by Fdx Advsr. Trexquant Invest Ltd Partnership invested 0.05% of its portfolio in Forum Energy Technologies Inc (NYSE:FET). Aqr Mgmt Ltd Liability Co holds 0% or 40,333 shares. Blackrock Llc holds 243,806 shares or 0.01% of its portfolio. Northern Tru reported 0.01% in Forum Energy Technologies Inc (NYSE:FET). Loomis Sayles And Commerce L P holds 0.03% or 624,856 shares in its portfolio. Price T Rowe Assocs Md holds 3.12 million shares or 0.01% of its portfolio. Moreover, Hancock has 0.37% invested in Forum Energy Technologies Inc (NYSE:FET) for 452,450 shares. Hsbc Holding Public Limited Co has 15,493 shares. Sg Americas Ltd holds 5,226 shares or 0% of its portfolio. D E Shaw reported 0% stake. Royal Bancshares Of Canada stated it has 860,493 shares or 0.01% of all its holdings.

Analysts await Forum Energy Technologies Inc (NYSE:FET) to report earnings on July, 27 after the close. They expect $-0.11 EPS, up 42.11% or $0.08 from last year’s $-0.19 per share. After $-0.14 actual EPS reported by Forum Energy Technologies Inc for the previous quarter, Wall Street now forecasts -21.43% EPS growth.

Among 20 analysts covering Forum Energy Technologies (NYSE:FET), 5 have Buy rating, 0 Sell and 15 Hold. Therefore 25% are positive. Forum Energy Technologies had 54 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Monday, December 21 by Credit Suisse. On Thursday, October 6 the stock rating was initiated by DA Davidson with “Buy”. The company was maintained on Thursday, February 16 by FBR Capital. Jefferies maintained the shares of FET in report on Thursday, March 23 with “Hold” rating. Barclays Capital downgraded the stock to “Equal-Weight” rating in Wednesday, July 12 report. Citigroup maintained the shares of FET in report on Friday, September 2 with “Neutral” rating. The rating was initiated by Gabelli on Thursday, September 15 with “Hold”. The stock of Forum Energy Technologies Inc (NYSE:FET) earned “Buy” rating by Societe Generale on Wednesday, June 7. Cowen & Co maintained Forum Energy Technologies Inc (NYSE:FET) rating on Monday, July 27. Cowen & Co has “Outperform” rating and $18 target. Credit Suisse maintained the shares of FET in report on Friday, March 31 with “Buy” rating.

Forum Energy Technologies, Inc. is an oilfield products company. The company has market cap of $1.50 billion. The Firm designs, makes and distributes products, and engages in aftermarket services, parts supply and related services. It currently has negative earnings. The Firm operates through three divisions: Drilling & Subsea, Completions, and Production & Infrastructure.

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