Superior Energy Services, Inc. (SPN), Forum Energy Technologies, Inc. (FET): right time to pull the trigger

Moore Brian K, Executive Vice President, bought 70,000 shares of the Superior Energy Services, Inc. (NYSE:SPN) in an exchange that happened on December 13th. The stock was bought at an average price of $4.01 per share, amounting to a transaction worth $280,700. The purchase was made public in a document filed with the SEC. Additionally, Director Kinnear Peter D. bought 30,000 shares of this stock in a transaction that took place on December 13th. The stock was bought at an average price of $4.01 per share, for a total exchange amounting to $120,297. After the transaction, the Director Kinnear Peter D. currently holds 111,096 shares of the company’s stock, which is worth approximately $442162.

With this stock price’s latest movement, it is now -68.72% away from its 1-year high and 38.68% higher than its 1-year low price. In the past seven days, the stock price volatility for Superior Energy Services, Inc. was 8.39%, whereas its volatility in the past 30 days has been 7.78%. This public company’s stock also has a beta score of 2.29. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

Superior Energy Services, Inc. (NYSE:SPN) most recently published its quarterly earnings results. The firm posted -$0.14 earnings per share (EPS) for the three-month period, missing analysts’ consensus estimate of -$0.13 by $0.01. The publicly-traded organization reported revenue of $573.07 million for the quarter, compared to the average analyst forecast calling for $562.04 million, which was surpassing the analyst consensus estimate.

Shares of Superior Energy Services, Inc. (SPN) surged 4.74%, amounting to a gain of $0.18 per share, to finish the regular trading session at $3.98 on Monday 02/11/2019. After beginning the session at $3.79, shares of Superior Energy Services, Inc. reached as high as $4.035 during the day, while hitting a 1-day low of $3.71. Trade volume reached 1,776,349 shares against this stock’s average daily volume of 4.32M shares, with a total float of 152.22M. As a consequence of the price increase, Superior Energy Services, Inc. now has a current market value of 681.42M.

Forum Energy Technologies, Inc. (NYSE:FET) added 14.04% to its trading price by the close of the most recent session, jumping from its previous closing price of $5.84 to $6.66. This stock increased in value by 27.83% during the last 7-day period, and experienced a gain of 22.20% over the past 30-day period. In the past three months, this stock’s price lost by -22.29% , and subtracted -45.41% to its price during the last six months of trading. FET demonstrated a yearly price loss of -52.09% , while its year-to-date (YTD) price performance has been up 61.26% . This stock’s price changed by +89.74% compared to its 90-day low, and moved down -18.18% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the FET stock as “Buy”. In the short-term, Forum Energy Technologies, Inc. (FET) has a 20-day average volume of 1,232,200 shares and short-term indicators sets the FET stock as “ 100% Buy ” on average basis. In the medium-term, FET stock has a 50-Day average volume of 1,401,922 shares and medium-term indicators gave the average rating of “ 50% Buy ”, while in the long-term period the FB stock has a 100-Day average volume of 1,281,351 shares. On average, long-term indicators rated the stock as “67% Sell ”. The overall picture from all short, medium and long-term indicators sets the FET stock as “48% Buy ” on average basis.

Recently, multiple brokerages have sent out reports on FET. CapitalOne, for example, Downgrade its rating on shares of Forum Energy Technologies, Inc. from “Overweight ” to a “ Equal Weight”according to a research note from Wednesday January 16th, 2019. BofA/Merrill Initiated their target price for this stock to $7, while giving the stock a “Neutral” rating, as stated in a research report from Monday, December 3rd, 2018. Piper Jaffray, on the other hand, Upgrade a from “Neutral ” to “ Overweight” rating on this stock in a research note dated Tuesday, October 2nd, 2018.

In other news related to Forum Energy Technologies, Inc. stock, 97.99% shares of FET held by institutions. The total number of institutions who held the FET shares was 206, according to most recent SEC filling. During the past quarter, total 106,970,725 shares held by institutions with the net change of -1,027,808 shares. In the meantime, 8 new institutions bought the shares of Forum Energy Technologies, Inc. for the first time and 14 institutions sold all their holdings in the company’s common stock. 27 institutions increased their investment in the FET stock and 24 institutions decreased their investment in the Forum Energy Technologies, Inc. (FET)’s stock during the last quarter.