Forum Energy Technologies, Inc. (FET) Reaches $11.70 After 6.00% Down Move; Sandridge Mississippian Trust II (SDR) Has 0.33 Sentiment

February 15, 2018 - By wolcottdaily

SandRidge Mississippian Trust II, a statutory trust, holds royalty interests in specified oil and natural gas properties. The company has market cap of $46.97 million. The Company’s properties are located in the Mississippian formation in Alfalfa, Grant, Kay, Noble, and Woods counties in northern Oklahoma and Barber, Comanche, Harper, and Sumner counties in southern Kansas. It has a 4.58 P/E ratio. As of December 31, 2016, the companyÂ’s properties consisted of royalty interests in initial wells and 173 additional wells.

The stock of Forum Energy Technologies, Inc. (NYSE:FET) is a huge mover today! The stock decreased 4.49% or $0.55 during the last trading session, reaching $11.7. About 365,674 shares traded. Forum Energy Technologies, Inc. (NYSE:FET) has risen 4.75% since February 15, 2017 and is uptrending. It has underperformed by 11.95% the S&P500.The move comes after 5 months negative chart setup for the $1.26 billion company. It was reported on Feb, 15 by Barchart.com. We have $11.00 PT which if reached, will make NYSE:FET worth $75.60M less.

California Public Employees Retirement System holds 0% of its portfolio in Sandridge Mississippian Trust II for 129,500 shares. Group One Trading L.P. owns 10,000 shares or 0% of their US portfolio. Moreover, Jpmorgan Chase & Co has 0% invested in the company for 9,100 shares. The New York-based Morgan Stanley has invested 0% in the stock. Raymond James & Associates, a Florida-based fund reported 16,736 shares.

The stock decreased 0.58% or $0.0055 during the last trading session, reaching $0.9445. About 37,898 shares traded. Sandridge Mississippian Trust II (SDR) has declined 2.10% since February 15, 2017 and is downtrending. It has underperformed by 18.80% the S&P500.

Among 23 analysts covering Forum Energy Technologies (NYSE:FET), 5 have Buy rating, 0 Sell and 18 Hold. Therefore 22% are positive. Forum Energy Technologies had 71 analyst reports since July 28, 2015 according to SRatingsIntel. KLR Group initiated the shares of FET in report on Monday, December 14 with “Buy” rating. Credit Suisse upgraded Forum Energy Technologies, Inc. (NYSE:FET) on Monday, December 21 to “Outperform” rating. Zacks upgraded Forum Energy Technologies, Inc. (NYSE:FET) on Friday, August 14 to “Sell” rating. Jefferies maintained Forum Energy Technologies, Inc. (NYSE:FET) rating on Tuesday, June 6. Jefferies has “Hold” rating and $1900 target. The stock of Forum Energy Technologies, Inc. (NYSE:FET) has “Outperform” rating given on Monday, May 2 by Cowen & Co. The stock of Forum Energy Technologies, Inc. (NYSE:FET) has “Outperform” rating given on Tuesday, February 16 by Cowen & Co. The rating was maintained by Barclays Capital on Monday, February 12 with “Equal-Weight”. The firm has “Neutral” rating given on Tuesday, June 27 by Guggenheim. The firm has “Hold” rating given on Monday, February 12 by Cowen & Co. Credit Suisse maintained it with “Neutral” rating and $17 target in Friday, September 4 report.

Investors sentiment decreased to 1.34 in Q3 2017. Its down 0.87, from 2.21 in 2017Q2. It turned negative, as 21 investors sold Forum Energy Technologies, Inc. shares while 29 reduced holdings. 15 funds opened positions while 52 raised stakes. 97.69 million shares or 4.01% less from 101.77 million shares in 2017Q2 were reported. Barclays Public Limited has invested 0% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET). Contrarius Invest Mgmt Ltd holds 0.23% or 244,217 shares in its portfolio. Van Eck Assocs Corporation holds 0.1% or 1.25 million shares. Legal General Grp Public Limited Com holds 0% or 27,838 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,844 shares. The North Carolina-based Sterling Cap Limited Liability Com has invested 0.02% in Forum Energy Technologies, Inc. (NYSE:FET). Sg Americas Secs Ltd Liability Corp invested in 11,634 shares. Eagle Asset Management has invested 0.1% in Forum Energy Technologies, Inc. (NYSE:FET). Royal Bancshares Of Canada owns 903,869 shares or 0.01% of their US portfolio. Tiaa Cref Inv Management Ltd Com owns 257,786 shares for 0% of their portfolio. 7,022 are held by Public Employees Retirement Sys Of Ohio. Bnp Paribas Arbitrage invested 0% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET). Energ Opportunities Capital Management Ltd Llc accumulated 2.4% or 232,463 shares. The Massachusetts-based Geode Capital Limited has invested 0% in Forum Energy Technologies, Inc. (NYSE:FET). Quantbot L P invested 0% of its portfolio in Forum Energy Technologies, Inc. (NYSE:FET).

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