Squarepoint Ops LLC Has $2.62 Million Position in Flotek Industries, Inc. $FTK

Key Points

• Squarepoint Ops LLC increased its Flotek Industries stake by 51.8% in the second quarter, owning 111,425 shares valued at approximately $2.62 million. Institutional investors and hedge funds collectively own 10.9% of FTK.
• Flotek raised its 2026 revenue guidance to $360 million–$370 million, while Northland Securities lifted its 2026 EPS estimate to $0.82, above the $0.75 consensus forecast. The company also recently exceeded quarterly expectations, reporting $0.26 EPS and $99.37 million in revenue.
• Investors face legal and execution risks from securities-fraud class-action claims tied to a roughly $400 million Puerto Rico power contract that allegedly represented 57% of backlog. Despite this uncertainty, analysts maintain a “Moderate Buy” consensus with a $28.33 price target.

Squarepoint Ops LLC lifted its holdings in shares of Flotek Industries, Inc. (NYSE:FTK - Free Report) by 51.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 111,425 shares of the oil and gas company's stock after purchasing an additional 38,046 shares during the period. Squarepoint Ops LLC owned 0.31% of Flotek Industries worth $2,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Rhumbline Advisers increased its position in Flotek Industries by 3.6% in the 3rd quarter. Rhumbline Advisers now owns 22,400 shares of the oil and gas company's stock valued at $327,000 after acquiring an additional 770 shares in the last quarter. First Trust Advisors LP boosted its holdings in Flotek Industries by 3.2% in the fourth quarter. First Trust Advisors LP now owns 43,495 shares of the oil and gas company's stock valued at $749,000 after acquiring an additional 1,335 shares during the last quarter. Barclays PLC lifted its position in Flotek Industries by 6.5% during the 4th quarter. Barclays PLC now owns 22,204 shares of the oil and gas company's stock valued at $383,000 after purchasing an additional 1,351 shares during the period. Informed Momentum Co LLC lifted its position in Flotek Industries by 2.2% during the 4th quarter. Informed Momentum Co LLC now owns 63,959 shares of the oil and gas company's stock valued at $1,102,000 after purchasing an additional 1,366 shares during the period. Finally, Aristides Capital LLC boosted its stake in shares of Flotek Industries by 4.6% in the 4th quarter. Aristides Capital LLC now owns 31,390 shares of the oil and gas company's stock valued at $541,000 after purchasing an additional 1,390 shares during the last quarter. 10.90% of the stock is currently owned by institutional investors and hedge funds.

Flotek Industries News Summary

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

• Positive Sentiment: 2026 revenue guidance was raised. Flotek reportedly increased its full-year revenue outlook to $360 million–$370 million, signaling stronger expected business activity. Flotek raises 2026 revenue guidance
• Positive Sentiment: Northland Securities raised its earnings estimates. The firm increased its Q3 2026 EPS forecast to $0.23 from $0.20, Q4 to $0.21 from $0.19, and full-year 2026 EPS to $0.82 from $0.77. The new annual estimate is above the broader consensus forecast of $0.75. Northland Securities estimates for Flotek
• Neutral Sentiment: Flotek presented at the Lake Street Best Ideas Growth Conference. The presentation may provide investors with additional information about the company’s growth strategy, although no specific new financial details were provided in the report. Flotek conference presentation
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action against Flotek. The complaints generally allege that investors were not told about credible doubts concerning the consortium behind a roughly $400 million Puerto Rico power contract, which reportedly represented about 57% of the company’s backlog. The allegations have not been proven, but the litigation creates potential legal costs, reputational risk and uncertainty regarding the company’s backlog and disclosures. Investors who purchased shares during periods generally covering August 3–17, 2026, have until October 26, 2026 to seek lead-plaintiff status. FTK securities-fraud lawsuit notice

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FTK shares. Weiss Ratings lowered shares of Flotek Industries from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 4th. JonesTrading assumed coverage on shares of Flotek Industries in a research note on Thursday, July 9th. They issued a "buy" rating and a $40.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.33.

Flotek Industries Stock Performance

Shares of NYSE:FTK opened at $27.35 on Monday. The company has a market capitalization of $990.54 million, a price-to-earnings ratio of 27.62 and a beta of 1.47. The firm's 50 day simple moving average is $26.86 and its 200 day simple moving average is $21.66. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.78 and a quick ratio of 1.50. Flotek Industries, Inc. has a fifty-two week low of $11.27 and a fifty-two week high of $39.67.

Flotek Industries (NYSE:FTK - Get Free Report) last issued its quarterly earnings data 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 net margin of 12.97% and a return on equity of 21.57%. The firm had revenue of $99.37 million during the quarter, compared to analysts' expectations of $69.51 million. As a group, sell-side analysts forecast that Flotek Industries, Inc. will post 0.76 earnings per share for the current year.

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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