Northland Capmk upgraded shares of Flotek Industries (NYSE:FTK - Free Report) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports. Northland Capmk also issued estimates for Flotek Industries' Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.64 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.23 EPS, Q3 2026 earnings at $0.25 EPS, Q4 2026 earnings at $0.25 EPS and FY2026 earnings at $0.94 EPS.
A number of other analysts also recently issued reports on FTK. Wall Street Zen downgraded Flotek Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 14th. Alliance Global Partners started coverage on Flotek Industries in a research report on Thursday, June 12th. They set a "buy" rating and a $19.00 price target for the company. Singular Research upgraded Flotek Industries to a "moderate buy" rating in a research report on Monday, March 17th. Finally, Northland Securities started coverage on Flotek Industries in a research report on Tuesday. They set a "market perform" rating and a $16.00 price target for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $14.33.
Read Our Latest Stock Analysis on Flotek Industries
Flotek Industries Stock Performance
NYSE FTK traded down $0.41 during trading hours on Tuesday, hitting $14.05. The company had a trading volume of 700,545 shares, compared to its average volume of 226,796. Flotek Industries has a 52 week low of $3.79 and a 52 week high of $16.87. The firm has a 50 day simple moving average of $11.99 and a 200 day simple moving average of $9.64. The firm has a market capitalization of $419.24 million, a price-to-earnings ratio of 31.21 and a beta of 1.39.
Flotek Industries (NYSE:FTK - Get Free Report) last issued its earnings results on Tuesday, May 6th. The oil and gas company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.06 by $0.11. Flotek Industries had a return on equity of 12.76% and a net margin of 7.09%. The business had revenue of $55.36 million during the quarter, compared to the consensus estimate of $44.50 million. On average, research analysts forecast that Flotek Industries will post 0.29 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Matthew Wilks bought 13,040 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was bought at an average price of $14.15 per share, for a total transaction of $184,516.00. Following the transaction, the director now directly owns 157,390 shares of the company's stock, valued at $2,227,068.50. This represents a 9.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 149,766 shares of company stock worth $1,841,758 in the last quarter. 3.02% of the stock is owned by insiders.
Institutional Trading of Flotek Industries
A number of hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in Flotek Industries in the 1st quarter worth approximately $332,000. Jane Street Group LLC lifted its position in Flotek Industries by 88.5% in the 1st quarter. Jane Street Group LLC now owns 100,151 shares of the oil and gas company's stock worth $834,000 after buying an additional 47,018 shares during the last quarter. S Squared Technology LLC bought a new stake in Flotek Industries in the 1st quarter worth approximately $2,170,000. Goldman Sachs Group Inc. lifted its position in Flotek Industries by 27.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 120,927 shares of the oil and gas company's stock worth $1,007,000 after buying an additional 26,400 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its position in Flotek Industries by 130.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 98,248 shares of the oil and gas company's stock worth $818,000 after buying an additional 55,543 shares during the last quarter. 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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