Flotek Industries, Inc. (NYSE:FTK - Get Free Report)'s stock price traded down 5.1% during mid-day trading on Tuesday . The stock traded as low as $17.17 and last traded at $16.76. 68,576 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 401,869 shares. The stock had previously closed at $17.67.
Analyst Ratings Changes
FTK has been the subject of several analyst reports. Northland Capmk raised shares of Flotek Industries from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 6th. Weiss Ratings restated a "hold (c)" rating on shares of Flotek Industries in a report on Saturday, September 27th. Alliance Global Partners began coverage on Flotek Industries in a report on Thursday, June 12th. They issued a "buy" rating and a $19.00 target price on the stock. Wall Street Zen raised Flotek Industries from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Northland Securities raised Flotek Industries from a "market perform" rating to an "outperform" rating and set a $16.00 target price for the company in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $14.33.
Get Our Latest Stock Report on FTK
Flotek Industries Price Performance
The stock has a market cap of $485.37 million, a price-to-earnings ratio of 36.90 and a beta of 1.18. The company has a 50-day simple moving average of $12.64 and a two-hundred day simple moving average of $12.00. 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 released its quarterly earnings results on Tuesday, August 5th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. The business had revenue of $58.35 million during the quarter, compared to the consensus estimate of $52.40 million. Flotek Industries had a return on equity of 17.67% and a net margin of 6.59%. Flotek Industries has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Flotek Industries, Inc. will post 0.29 EPS for the current year.
Insider Transactions at Flotek Industries
In other Flotek Industries news, CEO Ryan Gillis Ezell sold 87,187 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $12.26, for a total value of $1,068,912.62. Following the sale, the chief executive officer owned 156,855 shares in the company, valued at approximately $1,923,042.30. The trade was a 35.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James Bond Clement sold 45,732 shares of the company's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $12.74, for a total value of $582,625.68. Following the sale, the chief financial officer owned 95,439 shares in the company, valued at approximately $1,215,892.86. The trade was a 32.39% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.02% of the company's stock.
Institutional Trading of Flotek Industries
Institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in shares of Flotek Industries during the fourth quarter valued at approximately $465,000. Squarepoint Ops LLC bought a new stake in Flotek Industries during the fourth quarter valued at $206,000. Ritholtz Wealth Management purchased a new stake in Flotek Industries during the first quarter valued at about $651,000. Acuitas Investments LLC raised its position in Flotek Industries by 18.6% during the first quarter. Acuitas Investments LLC now owns 321,925 shares of the oil and gas company's stock valued at $2,682,000 after purchasing an additional 50,584 shares in the last quarter. Finally, Kathmere Capital Management LLC purchased a new stake in Flotek Industries during the first quarter valued at about $85,000. 10.90% of the stock is owned by hedge funds and other institutional investors.
About Flotek Industries
(
Get Free Report)
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).
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