Flotek Industries, Inc. (NYSE:FTK - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.78 and traded as high as $15.63. Flotek Industries shares last traded at $14.54, with a volume of 705,711 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Singular Research upgraded Flotek Industries to a "moderate buy" rating in a report on Monday, March 17th.
Check Out Our Latest Stock Analysis on FTK
Flotek Industries Trading Down 2.4%
The firm has a market capitalization of $436.35 million, a PE ratio of 56.27 and a beta of 1.00. The business has a fifty day moving average price of $9.68 and a two-hundred day moving average price of $8.92.
Flotek Industries (NYSE:FTK - Get Free Report) last announced its earnings results on Tuesday, May 6th. The oil and gas company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.11. The company had revenue of $55.36 million during the quarter, compared to analysts' expectations of $44.50 million. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. On average, equities analysts forecast that Flotek Industries, Inc. will post 0.29 earnings per share for the current fiscal year.
Insider Buying and Selling at Flotek Industries
In other Flotek Industries news, Director Matthew Wilks bought 103,514 shares of the business's stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $12.24 per share, with a total value of $1,267,011.36. Following the transaction, the director now owns 144,350 shares of the company's stock, valued at approximately $1,766,844. The trade was a 253.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased 149,766 shares of company stock valued at $1,841,758 in the last quarter. Corporate insiders own 2.44% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in Flotek Industries during the 4th quarter worth approximately $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Flotek Industries in the 4th quarter valued at approximately $57,000. Kathmere Capital Management LLC purchased a new stake in shares of Flotek Industries in the first quarter valued at approximately $85,000. Victory Capital Management Inc. purchased a new stake in shares of Flotek Industries in the first quarter valued at approximately $96,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Flotek Industries in the fourth quarter valued at approximately $99,000. Hedge funds and other institutional investors own 10.90% of the company's stock.
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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