Lake Street Capital Issues Positive Forecast for Flotek Industries (NYSE:FTK) Stock Price

Key Points

• Lake Street Capital raised Flotek Industries’ price target to $44 from $40 and maintained a Buy rating, implying 64.34% upside from the stock’s $26.77 trading price.
• Flotek reported quarterly EPS of $0.26, beating expectations of $0.13, while revenue of $99.37 million exceeded the $69.51 million consensus estimate. Analysts project full-year EPS of $0.76.
• Institutional ownership stands at 10.90%, with several funds increasing their positions, but investors also face uncertainty from a securities lawsuit related to disclosures surrounding the PREPA project.

Flotek Industries (NYSE:FTK - Get Free Report) had its target price increased by research analysts at Lake Street Capital from $40.00 to $44.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the oil and gas company's stock. Lake Street Capital's target price would indicate a potential upside of 64.34% from the stock's current price.

FTK has been the topic of several other reports. Weiss Ratings lowered Flotek Industries from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 4th. JonesTrading started coverage on Flotek Industries in a research note on Thursday, July 9th. They set a "buy" rating and a $40.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Flotek Industries currently has a consensus rating of "Moderate Buy" and an average target price of $34.67.

Flotek Industries Trading Up 1.6%

NYSE:FTK traded up $0.43 during trading hours on Tuesday, reaching $26.77. The company's stock had a trading volume of 54,883 shares, compared to its average volume of 368,124. The firm has a market capitalization of $969.75 million, a price-to-earnings ratio of 27.01 and a beta of 1.47. The firm has a 50-day simple moving average of $26.92 and a 200-day simple moving average of $21.73. Flotek Industries has a 1 year low of $11.50 and a 1 year 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.

Flotek Industries (NYSE:FTK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. The business had revenue of $99.37 million during the quarter, compared to analyst estimates of $69.51 million. Flotek Industries had a net margin of 12.97% and a return on equity of 21.57%. Research analysts expect that Flotek Industries will post 0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Flotek Industries

Several institutional investors and hedge funds have recently bought and sold shares of FTK. Squarepoint Ops LLC increased its position in Flotek Industries by 51.8% during the 2nd quarter. Squarepoint Ops LLC now owns 111,425 shares of the oil and gas company's stock valued at $2,621,000 after purchasing an additional 38,046 shares during the period. California State Teachers Retirement System increased its position in shares of Flotek Industries by 510.1% during the second quarter. California State Teachers Retirement System now owns 4,704 shares of the oil and gas company's stock valued at $111,000 after buying an additional 3,933 shares during the period. Round Rock Advisors LLC raised its stake 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 worth $1,916,000 after buying an additional 54,620 shares in the last quarter. AWM Investment Company Inc. bought a new position in Flotek Industries in the second quarter worth about $706,000. Finally, Bank of New York Mellon Corp bought a new stake in Flotek Industries during the 2nd quarter valued at approximately $1,160,000. Hedge funds and other institutional investors own 10.90% of the company's stock.

Key Stories Impacting Flotek Industries

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

• Positive Sentiment: An analyst raised the company’s FY2027 EPS estimate, providing a potential fundamental offset to the legal and project-related concerns. FY2027 EPS Estimate for Flotek Industries Boosted by Analyst
• Neutral Sentiment: Several law firms reiterated that investors who purchased Flotek securities during an August 3–17, 2026 class period may seek appointment as lead plaintiff by October 26. These announcements largely repeat the same lawsuit notice rather than represent separate legal actions. Faruqi Class Action Notice
• Negative Sentiment: The securities lawsuit alleges Flotek failed to disclose doubts about a consortium partner’s capacity, an allegedly unauthorized third-party signature, and the involvement of a convicted felon in connection with representations surrounding the PREPA project. If proven, the allegations could lead to legal costs, damages, regulatory scrutiny, and further investor uncertainty. FTK Shareholder Alert

Flotek Industries Company Profile

Flotek Industries, Inc is a Houston, Texas-based technology company that develops and commercializes specialty green chemistry solutions. Its products are designed to help customers improve operational efficiency, reduce environmental impacts and manage resource use across energy, industrial and consumer applications.

The company's principal offerings serve the oil and gas industry, including chemistry technologies used in well completion, production and other field operations. Flotek's CnF® technology is a flagship product line intended to enhance hydrocarbon recovery while supporting efforts to reduce emissions, water consumption and the use of conventional chemical additives.

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