Flotek Industries (NYSE:FTK) CEO Sells $1,068,912.62 in Stock

Key Points

• Flotek Industries' CEO Ryan Gillis Ezell sold 87,187 shares at an average price of $12.26, totaling over $1 million, which represents a 35.73% decrease in his ownership stake.
• The company reported a quarterly earnings per share of $0.16, exceeding analysts' expectations of $0.13, and had a revenue of $58.35 million, surpassing estimates of $52.40 million.
• Flotek Industries' stock ratings vary, with current sentiment showing four investment analysts giving a "buy" rating and one a "strong buy" rating, alongside an average price target of $14.33.

Flotek Industries, Inc. (NYSE:FTK - Get Free Report) CEO Ryan Gillis Ezell sold 87,187 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $12.26, for a total value of $1,068,912.62. Following the transaction, the chief executive officer directly owned 156,855 shares of the company's stock, valued at approximately $1,923,042.30. The trade was a 35.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Flotek Industries Price Performance

NYSE:FTK traded up $0.35 during trading hours on Wednesday, reaching $11.51. The stock had a trading volume of 383,675 shares, compared to its average volume of 481,386. The stock has a market capitalization of $343.69 million, a PE ratio of 26.16 and a beta of 1.32. Flotek Industries, Inc. has a 52 week low of $3.79 and a 52 week high of $16.87. The company has a 50 day moving average price of $13.41 and a two-hundred day moving average price of $10.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.36 and a current ratio of 1.59.

Flotek Industries (NYSE:FTK - Get Free Report) last posted its earnings results on Tuesday, August 5th. The oil and gas company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. Flotek Industries had a return on equity of 17.67% and a net margin of 6.59%.The firm 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. As a group, sell-side analysts anticipate that Flotek Industries, Inc. will post 0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FTK shares. Wall Street Zen cut shares of Flotek Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 3rd. Northland Capmk raised Flotek Industries from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 6th. Alliance Global Partners started coverage on Flotek Industries in a research note on Thursday, June 12th. They issued a "buy" rating and a $19.00 price objective for the company. Finally, Northland Securities upgraded Flotek Industries from a "market perform" rating to an "outperform" rating and set a $16.00 target price for the company in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $14.33.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in Flotek Industries during the 4th quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Flotek Industries in the second quarter worth $50,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Flotek Industries during the fourth quarter worth $57,000. Kathmere Capital Management LLC purchased a new stake in shares of Flotek Industries during the first quarter valued at $85,000. Finally, Victory Capital Management Inc. bought a new position in shares of Flotek Industries in the first quarter worth about $96,000. Institutional investors own 10.90% 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).