Forum Energy Technologies, Inc. $FET Position Increased by American Century Companies Inc.

American Century Companies Inc. increased its stake in Forum Energy Technologies, Inc. (NYSE:FET - Free Report) by 69.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 234,735 shares of the oil and gas company's stock after purchasing an additional 96,175 shares during the period. American Century Companies Inc. owned 1.90% of Forum Energy Technologies worth $4,570,000 at the end of the most recent reporting period.Forum Energy Technology Shares Rise As Restructuring ProgressesSeveral other hedge funds and other institutional investors have also made changes to their positions in FET. PenderFund Capital Management Ltd. grew its stake in shares of Forum Energy Technologies by 89.7% in the 1st quarter. PenderFund Capital Management Ltd. now owns 377,679 shares of the oil and gas company's stock worth $7,595,000 after purchasing an additional 178,557 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Forum Energy Technologies by 204.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 161,596 shares of the oil and gas company's stock worth $3,146,000 after buying an additional 108,490 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Forum Energy Technologies by 995.0% during the first quarter. Acadian Asset Management LLC now owns 54,498 shares of the oil and gas company's stock worth $1,093,000 after acquiring an additional 49,521 shares in the last quarter. Nuveen LLC bought a new stake in shares of Forum Energy Technologies in the 1st quarter valued at approximately $720,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Forum Energy Technologies in the first quarter worth approximately $486,000. 65.60% of the stock is currently owned by institutional investors and hedge funds. Forum Energy Technologies Stock PerformanceNYSE FET opened at $35.19 on Monday. Forum Energy Technologies, Inc. has a 1-year low of $12.78 and a 1-year high of $36.38. The company has a 50 day moving average of $29.25 and a 200-day moving average of $24.08. The company has a current ratio of 2.19, a quick ratio of 1.01 and a debt-to-equity ratio of 0.47. The firm has a market cap of $400.41 million, a price-to-earnings ratio of -3.72, a PEG ratio of 8.31 and a beta of 0.57. Forum Energy Technologies (NYSE:FET - Get Free Report) last released its quarterly earnings results on Friday, October 31st. The oil and gas company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.08. Forum Energy Technologies had a negative return on equity of 1.07% and a negative net margin of 14.58%.The business had revenue of $196.23 million for the quarter, compared to analyst estimates of $194.35 million. Analyst Upgrades and DowngradesA number of research analysts have recently commented on FET shares. Zacks Research raised Forum Energy Technologies from a "strong sell" rating to a "hold" rating in a report on Tuesday, November 4th. Weiss Ratings reissued a "sell (d-)" rating on shares of Forum Energy Technologies in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Forum Energy Technologies from a "buy" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce".Read Our Latest Stock Analysis on FETForum Energy Technologies Profile (Free Report)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.Read MoreFive stocks we like better than Forum Energy Technologies3 Warren Buffett Stocks to Buy NowRubrik’s Massive Rebound: Why the Next Leg Higher Could Be FastWhat Does a Gap Up Mean in Stocks? How to Play the GapFive Below and Dollar Tree Earnings Signal a Shopper ShiftRetail Stocks Investing, ExplainedUlta’s Stock May Be Set for a Glow-Up—20% Upside Ahead?Want to see what other hedge funds are holding FET? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forum Energy Technologies, Inc. (NYSE:FET - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Forum Energy Technologies Right Now?Before you consider Forum Energy Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Forum Energy Technologies wasn't on the list.While Forum Energy Technologies currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here