FTK Stock Earnings Estimates Lifted by Northland Securities

Key Points

• Northland Securities raised its FY2026 EPS estimate for Flotek Industries to $1.03 from $0.82, above the current consensus estimate of $0.90. It also projects FY2027 EPS of $1.52.
• Flotek reported quarterly EPS of $0.34, beating the $0.21 consensus, while revenue of $114.35 million exceeded the $94.36 million estimate.
• Analyst sentiment is broadly positive: MarketBeat reports an average “Buy” rating and an average price target of $34.67.

Flotek Industries, Inc. (NYSE:FTK - Free Report) - Research analysts at Northland Securities lifted their FY2026 earnings per share estimates for Flotek Industries in a report released on Thursday, November 5th. Northland Securities analyst J. Grampp now expects that the oil and gas company will post earnings of $1.03 per share for the year, up from their previous forecast of $0.82. The consensus estimate for Flotek Industries' current full-year earnings is $0.90 per share. Northland Securities also issued estimates for Flotek Industries' Q1 2027 earnings at $0.29 EPS, Q2 2027 earnings at $0.40 EPS, Q3 2027 earnings at $0.41 EPS, Q4 2027 earnings at $0.42 EPS and FY2027 earnings at $1.52 EPS.

Several other research analysts have also recently commented on FTK. Zacks Research raised Flotek Industries from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 19th. Weiss Ratings downgraded shares of Flotek Industries from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, October 30th. Finally, Lake Street Capital boosted their price target on shares of Flotek Industries from $40.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $34.67.

Flotek Industries Stock Performance

FTK opened at $24.46 on Monday. The stock has a market cap of $886.09 million, a PE ratio of 30.58 and a beta of 1.55. The company has a current ratio of 2.30, a quick ratio of 1.94 and a debt-to-equity ratio of 0.49. Flotek Industries has a 1 year low of $13.19 and a 1 year high of $39.67. The stock's 50 day simple moving average is $26.52 and its 200-day simple moving average is $22.23.

Flotek Industries (NYSE:FTK - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The oil and gas company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.13. Flotek Industries had a return on equity of 24.56% and a net margin of 8.81%. The company had revenue of $114.35 million during the quarter, compared to the consensus estimate of $94.36 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in shares of Flotek Industries by 11.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 77,009 shares of the oil and gas company's stock valued at $2,258,000 after purchasing an additional 7,685 shares in the last quarter. Alps Advisors Inc. acquired a new stake in shares of Flotek Industries during the 3rd quarter worth about $646,000. Vise Technologies Inc. acquired a new stake in shares of Flotek Industries during the 3rd quarter worth about $209,000. Prosperitas Financial LLC bought a new position in Flotek Industries during the 3rd quarter valued at about $251,000. Finally, Inspire Investing LLC acquired a new position in Flotek Industries in the third quarter valued at about $656,000. 10.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $26.01, for a total value of $60,000,024.06. Following the completion of the transaction, the insider directly owned 3,693,194 shares of the company's stock, valued at approximately $96,059,975.94. This represents a 38.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew Wilks bought 1,319,493 shares of the business's stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average price of $26.01 per share, with a total value of $34,320,012.93. Following the transaction, the director directly owned 1,477,285 shares in the company, valued at $38,424,182.85. This trade represents a 836.22% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 2.40% of the company's stock.

Flotek Industries News Roundup

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

• Positive Sentiment: Northland Securities raised its earnings forecasts, lifting estimates to $1.03 per share for FY2026 from $0.82 and to $1.52 for FY2027 from $1.25. Its quarterly projections for 2027 range from $0.29 to $0.42 per share, signaling stronger expected earnings growth. Q4 Earnings Forecast for FTK Issued By Northland Securities
• Positive Sentiment: A Seeking Alpha analysis highlighted Flotek’s strongest quarter in 12 years: revenue rose 104% to $114.4 million and the company raised its 2026 guidance for a third time. Data analytics generated 45% of gross profit on 16% of revenue, with a 68% gross margin—an attractive, higher-margin growth driver. Flotek: Data Analytics Is Taking Over, And Guidance Keeps Going Up
• Positive Sentiment: FTK shares moved above their 200-day moving average, a technical signal that may draw momentum-oriented investors. Flotek Industries Shares Break Above 200-Day Moving Average
• Neutral Sentiment: The growth outlook has risks: the analysis flags customer concentration involving ProFrac and negative operating cash flow as issues to monitor. Flotek: Data Analytics Is Taking Over, And Guidance Keeps Going Up
• Negative Sentiment: Flotek disclosed heightened securities-litigation risk. Potential legal expenses and uncertainty could weigh on investor confidence and raise the company’s cost of capital. Flotek Industries Faces Securities Class Action Threatening Legal Costs, Investor Confidence, and Cost of Capital

Flotek Industries Company Profile

Flotek Industries, Inc is a technology-driven company that develops chemistry and data solutions for the energy and industrial markets. Its offerings are designed to help customers improve operational performance, manage environmental impacts and use resources more efficiently.

Through its Chemistry Technologies business, Flotek provides proprietary green chemistry products for oil and natural gas exploration and production, industrial water treatment and other industrial applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.