Momentum Stocks in Focus: Umpqua Holdings Corporation (NASDAQ:UMPQ) , Forum Energy Technologies, Inc. (NYSE:FET)

On 4/19/2017, Shares of Umpqua Holdings Corporation (NASDAQ:UMPQ) closed at $17.21 in last trading day. After noting the initial trading entry at $17.17, it reached to a day’s high of $17.38 and moved to a day’s low of $17.13. The recent daily volume was 1.36 million as contrast to it’s an average volume of 1.7 million.

Technical Indicators:

The last close of the Umpqua Holdings Corporation stock reflects that it traded -2.75% from its 50-day moving average of $17.70. The stock traded below -2.50% to its 200-day MA of $17.65. Furthermore, it moved  lower -11.74% from its 52-week high of $19.50 and +17.80% up from $14.61, which is 52-week low of the stock.

During the last month, Umpqua Holdings Corporation’s (UMPQ) has changed -3.87% and performed 16.08% over the last 6 months. The mean rating score for this stock is at 2.70. This rating scale contains from 1 to 5 with 5 representing a Strong Sell, 1 signifying a Strong Buy and 3 demonstrating a Hold. The Volatility was noted at 2.63% in recent month and observed Weekly Volatility of 1.94%.

April 19, 2017  Umpqua Holdings Corporation (UMPQ) (the “Company”) reported net earnings available to common shareholders of $46.0 million for the first quarter of 2017, compared to $69.2 million for the fourth quarter of 2016 and $47.5 million for the first quarter of 2016.  Earnings per diluted common share were $0.21 for the first quarter of 2017, compared to $0.31 for the fourth quarter of 2016 and $0.22 for the first quarter of 2016.


“Despite some of the near-term headwinds we continue to face, I’m pleased with the progress we’ve made so far on the key priorities that we outlined for 2017,” said Cort O’Haver, president and CEO of Umpqua Holdings Corporation. “Loans and leases increased by $321 million, or 7% annualized, during the first quarter, reflecting balanced growth across our commercial, consumer, leasing and commercial real-estate portfolios. There’s strong momentum driving this loan growth, and with a slight expansion in the net interest margin and as we head into the seasonally stronger mortgage banking quarters, I feel good about how we’re positioned for the remainder of the year.”


Notable items that impacted the first quarter 2017 financial results included:


$7.7 million negative adjustment related to the fair value change of the MSR asset, compared to a gain of $16.5 million in the prior quarter and a loss of $20.6 million in the same period of the prior year.

Forum Energy Technologies, Inc. (NYSE:FET) finalized the last transaction at value of $18.55, with a daily change of -4.87% or -0.95 points. The company maintained volume of 1.16 million shares. In past trading day, the stock hit the maximum price of $19.55 and touched to minimum value of $18.30. It has a market cap of $ 1.76B.

Technical Indicators:

As of last trade close, the stock is trading  downside -29.33% from its one year high of $26.25 and moved +27.23% upward from $14.58, which is one year low of the stock.

The stock traded below -7.80% from its 50-day moving average of $20.12. Furthermore, the stock moved -12.20% to its 200-day MA of $ 21.13.

Forum Energy Technologies, Inc.’s (FET) moved with shift of -13.72% in the past week. Over the last three months, the shares of the company have changed -19.35% and performed -11.67% over the last six months. The stock currently has Monthly Volatility of 4.01% and Weekly Volatility of 4.14%.


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