Equities Analysts Issue Forecasts for FTK FY2027 Earnings

Flotek Industries, Inc. (NYSE:FTK - Free Report) - Equities researchers at Northland Capmk issued their FY2027 earnings estimates for shares of Flotek Industries in a research report issued on Wednesday, October 22nd. Northland Capmk analyst J. Grampp forecasts that the oil and gas company will earn $1.37 per share for the year. Northland Capmk currently has a "Strong-Buy" rating on the stock. The consensus estimate for Flotek Industries' current full-year earnings is $0.29 per share.

Flotek Industries (NYSE:FTK - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. Flotek Industries had a net margin of 6.59% and a return on equity of 17.67%. The company had revenue of $58.35 million during the quarter, compared to the consensus estimate of $52.40 million. Flotek Industries has set its FY 2025 guidance at EPS.

A number of other brokerages also recently weighed in on FTK. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Flotek Industries in a report on Wednesday, October 8th. Northland Securities upgraded Flotek Industries from a "market perform" rating to an "outperform" rating and set a $16.00 target price on the stock in a research report on Wednesday, August 6th. Finally, Wall Street Zen upgraded Flotek Industries from a "hold" rating to a "buy" rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $14.33.

Flotek Industries Trading Up 20.1%

Shares of FTK stock opened at $17.85 on Friday. The stock's fifty day moving average price is $13.48 and its two-hundred day moving average price is $12.63. The company has a market cap of $533.00 million, a PE ratio of 40.57 and a beta of 1.18. Flotek Industries has a fifty-two week low of $4.76 and a fifty-two week high of $17.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.36 and a current ratio of 1.59.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Flotek Industries in the 2nd quarter worth approximately $50,000. Kathmere Capital Management LLC acquired a new stake in Flotek Industries during the first quarter worth approximately $85,000. Victory Capital Management Inc. acquired a new stake in Flotek Industries during the first quarter worth approximately $96,000. New York State Common Retirement Fund acquired a new stake in Flotek Industries during the second quarter worth approximately $102,000. Finally, Bard Associates Inc. acquired a new stake in Flotek Industries during the first quarter worth approximately $111,000. Institutional investors and hedge funds own 10.90% of the company's stock.

Insiders Place Their Bets

In related news, CEO Ryan Gillis Ezell sold 87,187 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $12.26, for a total value of $1,068,912.62. Following the completion of the sale, the chief executive officer directly owned 156,855 shares in the company, valued at $1,923,042.30. This represents a 35.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James Bond Clement sold 45,732 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $12.74, for a total value of $582,625.68. Following the transaction, the chief financial officer owned 95,439 shares of the company's stock, valued at $1,215,892.86. This trade represents a 32.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.02% of the company's stock.

About Flotek Industries

Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).

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