Flotek Industries (NYSE:FTK) Upgraded to "Strong-Buy" at Zacks Research

Key Points

• Zacks Research upgraded Flotek Industries to “strong buy” from “hold,” while the broader analyst consensus remains “Buy” with an average price target of $34.67.
• Flotek reported quarterly EPS of $0.26, beating the $0.13 consensus estimate, and revenue of $99.37 million versus expectations of $69.51 million. Analysts forecast full-year EPS of $0.79.
• The company faces potential legal and financial risks tied to allegations surrounding its Puerto Rico project, including the reported loss of an approximately $400 million backlog; the claims remain unproven.

Flotek Industries (NYSE:FTK - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Monday, Zacks reports.

FTK has been the subject of a number of other reports. Weiss Ratings raised Flotek Industries from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday. JonesTrading initiated coverage on Flotek Industries in a report on Thursday, July 9th. They issued a "buy" rating and a $40.00 price objective on the stock. Finally, Lake Street Capital boosted their price objective on Flotek Industries from $40.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, September 15th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to MarketBeat, Flotek Industries presently has a consensus rating of "Buy" and an average target price of $34.67.

Flotek Industries Stock Performance

NYSE:FTK opened at $24.02 on Monday. Flotek Industries has a fifty-two week low of $13.19 and a fifty-two week high of $39.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.50 and a current ratio of 1.78. The company has a 50 day moving average price of $27.27 and a 200 day moving average price of $23.79. The stock has a market capitalization of $869.97 million, a P/E ratio of 24.26 and a beta of 1.42.

Flotek Industries (NYSE:FTK - Get Free Report) last announced its earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.13. Flotek Industries had a return on equity of 21.57% and a net margin of 12.97%. The company had revenue of $99.37 million for the quarter, compared to analyst estimates of $69.51 million. Equities research analysts forecast that Flotek Industries will post 0.79 EPS for the current year.

Insider Buying and Selling

In other Flotek Industries news, Director Matthew Wilks acquired 1,319,493 shares of the company's stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average price of $26.01 per share, for a total transaction of $34,320,012.93. Following the completion of the acquisition, the director owned 1,477,285 shares of the company's stock, valued at approximately $38,424,182.85. This trade represents a 836.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of Flotek Industries stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $26.01, for a total transaction of $60,000,024.06. Following the completion of the transaction, the insider owned 3,693,194 shares of the company's stock, valued at $96,059,975.94. This trade represents a 38.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 2.40% of the company's stock.

Institutional Investors Weigh In On Flotek Industries

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in shares of Flotek Industries by 71.4% during the first quarter. Dimensional Fund Advisors LP now owns 691,593 shares of the oil and gas company's stock worth $11,736,000 after acquiring an additional 288,064 shares during the period. Masters Capital Management LLC raised its stake in shares of Flotek Industries by 8.9% in the first quarter. Masters Capital Management LLC now owns 1,089,438 shares of the oil and gas company's stock valued at $18,488,000 after acquiring an additional 89,438 shares in the last quarter. Round Rock Advisors LLC boosted its holdings in Flotek Industries by 203.4% in the second quarter. Round Rock Advisors LLC now owns 81,471 shares of the oil and gas company's stock valued at $1,916,000 after purchasing an additional 54,620 shares during the period. Kornitzer Capital Management Inc. KS purchased a new position in Flotek Industries in the first quarter valued at $876,000. Finally, Bank of New York Mellon Corp purchased a new position in Flotek Industries in the second quarter valued at $1,160,000. 10.90% of the stock is currently owned by institutional investors and hedge funds.

Flotek Industries News Roundup

Here are the key news stories impacting Flotek Industries this week:

• Negative Sentiment: The lawsuit alleges Flotek failed to disclose material adverse information about the Puerto Rico project, including doubts about a consortium partner’s ability to perform, an allegedly unauthorized third-party signature, and the involvement of a convicted felon. These allegations could increase regulatory, legal, reputational and financial risks for the company. Flotek shareholder alert
• Negative Sentiment: Investor notices also cite the Puerto Rico Oversight Board’s revocation of contract approval under PROMESA Section 204, criminal referrals and the resulting collapse of an approximately $400 million backlog. If confirmed, the loss of this expected business could undermine future revenue and growth expectations. FTK shareholder alert
• Negative Sentiment: Several firms, including DJS Law Group, Pomerantz, Johnson Fistel, Rosen and others, are urging shareholders who purchased Flotek securities during the stated August 3–17, 2026 class period to participate or seek lead-plaintiff status. The unusually high volume of legal solicitations is reinforcing investor concern, although the claims remain allegations and have not been proven in court. Flotek securities lawsuit notice
• Neutral Sentiment: The October 26 deadline is primarily a procedural milestone for investors seeking to lead the class action; it does not itself establish liability or determine the lawsuit’s outcome. Nevertheless, investors may continue to monitor Flotek’s disclosures for responses to the allegations and updates on the Puerto Rico contract. Rosen Flotek deadline notice

Flotek Industries Company Profile

Flotek Industries, Inc is a technology company that develops and supplies specialty green chemistry and data-driven solutions for the energy industry. Its offerings are designed to help oil and natural gas producers improve well performance, manage production processes and reduce the environmental impact of energy operations.

Through its Chemistry Technologies segment, Flotek provides biodegradable and environmentally focused chemical products used in drilling, cementing, stimulation, completion and production activities.

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