What is Northland Securities' Forecast for FTK Q4 Earnings?

Key Points

• Northland Securities raised its Q4 2026 EPS forecast for Flotek Industries to $0.30 from $0.21. Analysts’ consensus estimate for full-year earnings is $0.79 per share.
• In its latest reported quarter, Flotek earned $0.34 per share, beating the $0.21 consensus, while revenue of $114.35 million exceeded the $94.36 million estimate.
• Analyst sentiment remains broadly positive: one analyst rates FTK a Strong Buy and four rate it Buy, with a consensus price target of $34.67.

Flotek Industries, Inc. (NYSE:FTK - Free Report) - Equities research analysts at Northland Securities increased their Q4 2026 earnings per share estimates for shares of Flotek Industries in a research report issued to clients and investors on Thursday, November 5th. Northland Securities analyst J. Grampp now forecasts that the oil and gas company will earn $0.30 per share for the quarter, up from their prior estimate of $0.21. The consensus estimate for Flotek Industries' current full-year earnings is $0.79 per share.

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

FTK has been the topic of a number of other research reports. Weiss Ratings lowered Flotek Industries from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 30th. Lake Street Capital upped their price target on Flotek Industries from $40.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, September 15th. Zacks Research raised shares of Flotek Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 19th. Finally, JonesTrading started coverage on shares of Flotek Industries in a report on Thursday, July 9th. They issued a "buy" rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $34.67.

Flotek Industries Stock Down 9.9%

FTK stock opened at $22.27 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.30 and a quick ratio of 1.50. The stock has a market capitalization of $806.44 million, a P/E ratio of 27.83 and a beta of 1.55. Flotek Industries has a fifty-two week low of $13.19 and a fifty-two week high of $39.67. The business has a 50-day moving average of $26.52 and a 200-day moving average of $22.19.

Insider Transactions at Flotek Industries

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FTK. Round Rock Advisors LLC increased its holdings in Flotek Industries by 203.4% during 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 during the last quarter. Bank of New York Mellon Corp acquired a new stake in Flotek Industries in the second quarter valued at $1,160,000. Kornitzer Capital Management Inc. KS acquired a new stake in Flotek Industries in the first quarter valued at $876,000. Squarepoint Ops LLC increased its stake in shares of 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 worth $2,621,000 after purchasing an additional 38,046 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of Flotek Industries by 100.0% during the 1st quarter. Sei Investments Co. now owns 76,076 shares of the oil and gas company's stock worth $1,291,000 after purchasing an additional 38,038 shares during the last quarter. 10.90% of the stock is currently owned by institutional investors.

About Flotek Industries

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.

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