Flotek Industries (NYSE:FTK) Upgraded by Northland Capmk to Strong-Buy Rating

Key Points

• Flotek Industries has been upgraded to a "strong-buy" rating by Northland Capital Markets, indicating increasing confidence in the stock's performance.
• Recent quarterly earnings revealed Flotek Industries reported $0.16 earnings per share, surpassing analyst estimates and generating revenue of $58.35 million.
• Insider trading activity showed Director Matthew Wilks significantly increased his stake in the company, purchasing over 103,000 shares, reflecting strong insider confidence in the company's future.

Northland Capmk upgraded shares of Flotek Industries (NYSE:FTK - Free Report) from a hold rating to a strong-buy rating in a research report released on Wednesday,Zacks.com reports. Northland Capmk also issued estimates for Flotek Industries' Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.15 EPS, Q1 2026 earnings at $0.20 EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.23 EPS, Q4 2026 earnings at $0.23 EPS and FY2026 earnings at $0.86 EPS.

Other research analysts also recently issued reports about the stock. Alliance Global Partners started coverage on shares of Flotek Industries in a research report on Thursday, June 12th. They set a "buy" rating and a $19.00 price objective on the stock. Wall Street Zen downgraded shares of Flotek Industries from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 3rd. Finally, Northland Securities raised shares of Flotek Industries from a "market perform" rating to an "outperform" rating and set a $16.00 price objective on the stock in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Flotek Industries presently has a consensus rating of "Buy" and an average target price of $14.33.

Flotek Industries Stock Up 1.1%

Shares of FTK traded up $0.15 during trading hours on Wednesday, reaching $13.95. 174,799 shares of the company traded hands, compared to its average volume of 380,116. The stock has a market capitalization of $416.46 million, a P/E ratio of 31.76 and a beta of 1.32. Flotek Industries has a 12-month low of $3.79 and a 12-month high of $16.87. The business has a fifty day moving average price of $13.83 and a 200-day moving average price of $10.79.

Flotek Industries (NYSE:FTK - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Flotek Industries had a net margin of 6.59% and a return on equity of 17.67%. The firm had revenue of $58.35 million during the quarter, compared to the consensus estimate of $52.40 million. As a group, research analysts predict that Flotek Industries will post 0.29 EPS for the current fiscal year.

Insider Activity at Flotek Industries

In other news, Director Matthew Wilks purchased 13,040 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were bought at an average price of $14.15 per share, with a total value of $184,516.00. Following the completion of the transaction, the director directly owned 157,390 shares in the company, valued at $2,227,068.50. This trade represents a 9.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.02% of the company's stock.

Institutional Investors Weigh In On Flotek Industries

Institutional investors and hedge funds have recently made changes to their positions in the company. D Orazio & Associates Inc. acquired a new position in Flotek Industries during the 2nd quarter worth about $153,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Flotek Industries during the 2nd quarter valued at about $50,000. Geode Capital Management LLC lifted its position in Flotek Industries by 55.9% during the 2nd quarter. Geode Capital Management LLC now owns 485,413 shares of the oil and gas company's stock valued at $7,167,000 after purchasing an additional 174,144 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Flotek Industries in the 2nd quarter valued at approximately $229,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Flotek Industries in the 2nd quarter valued at approximately $243,000. Institutional investors and hedge funds 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).