Insider Buying: Flotek Industries (NYSE:FTK) Director Purchases 1,319,493 Shares of Stock

Key Points

• Director Matthew Wilks purchased 1,319,493 Flotek shares for approximately $34.3 million, increasing his direct ownership by 836% to 1.48 million shares.
• Flotek shares recently traded at $26.93, up 2.3%, while the company’s latest quarterly results exceeded expectations with EPS of $0.26 versus the $0.13 consensus and revenue of $99.37 million.
• Analyst sentiment remains positive, with Lake Street raising its price target to $44 and the stock carrying a “Moderate Buy” consensus; however, ongoing litigation related to the unwound Puerto Rico PREPA contract remains a risk.

Flotek Industries, Inc. (NYSE:FTK - Get Free Report) Director Matthew Wilks acquired 1,319,493 shares of the business's stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost of $26.01 per share, with a total value of $34,320,012.93. Following the purchase, the director directly owned 1,477,285 shares in the company, valued at $38,424,182.85. This represents a 836.22% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Flotek Industries Trading Up 2.3%

Shares of FTK stock traded up $0.59 on Tuesday, hitting $26.93. 281,226 shares of the company's stock traded hands, compared to its average volume of 538,229. The stock has a market capitalization of $975.55 million, a price-to-earnings ratio of 27.21 and a beta of 1.47. The company's fifty day simple moving average is $27.01 and its 200 day simple moving average is $21.80. Flotek Industries, Inc. has a one year low of $11.50 and a one year high of $39.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.50 and a current ratio of 1.78.

Flotek Industries (NYSE:FTK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.13. The firm had revenue of $99.37 million for the quarter, compared to analysts' expectations of $69.51 million. Flotek Industries had a return on equity of 21.57% and a net margin of 12.97%. Equities analysts forecast that Flotek Industries, Inc. will post 0.76 EPS for the current year.

Key Stories Impacting Flotek Industries

Here are the key news stories impacting Flotek Industries this week:

• Positive Sentiment: Lake Street raises price target to $44 and reiterates Buy. The new target implies substantial upside from the referenced share price and signals confidence in Flotek’s outlook despite recent volatility. Lake Street Capital price target report
• Positive Sentiment: FY2027 EPS estimates were increased. The upward revision suggests at least one analyst sees improving future profitability, which could help support investor sentiment. FY2027 EPS estimate report
• Neutral Sentiment: Multiple law firms are seeking lead plaintiffs for the same securities class action. Investors who purchased Flotek securities generally between August 3 and August 14 or 17, 2026, have until October 26, 2026 to seek lead-plaintiff status. The notices largely repeat one another rather than represent separate lawsuits. Faruqi and Faruqi class action notice
• Negative Sentiment: The litigation alleges Flotek made misleading disclosures about a roughly $400 million Puerto Rico PREPA contract. Claims reportedly focus on undisclosed doubts about consortium-partner capacity, an allegedly unauthorized signature, and the involvement of a convicted felon. The agreement’s unwind previously caused shares to fall nearly 30%, and the ongoing legal exposure may continue weighing on investor confidence. The allegations have not been proven. Flotek PREPA contract class action notice

Analyst Upgrades and Downgrades

FTK has been the subject of a number of analyst reports. JonesTrading initiated coverage on Flotek Industries in a research note on Thursday, July 9th. They set a "buy" rating and a $40.00 price objective for the company. Lake Street Capital increased their price target on shares of Flotek Industries from $40.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Weiss Ratings cut shares of Flotek Industries from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 4th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Flotek Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.67.

Institutional Investors Weigh In On Flotek Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Aristides Capital LLC boosted its stake in shares of Flotek Industries by 4.6% during the 4th quarter. Aristides Capital LLC now owns 31,390 shares of the oil and gas company's stock valued at $541,000 after purchasing an additional 1,390 shares in the last quarter. Principal Financial Group Inc. raised its stake in Flotek Industries by 10.4% in the first quarter. Principal Financial Group Inc. now owns 80,480 shares of the oil and gas company's stock worth $1,366,000 after buying an additional 7,564 shares in the last quarter. Thompson Davis & CO. Inc. bought a new position in Flotek Industries in the first quarter worth about $272,000. Manatuck Hill Partners LLC lifted its holdings in Flotek Industries by 9.5% in the fourth quarter. Manatuck Hill Partners LLC now owns 289,000 shares of the oil and gas company's stock worth $4,979,000 after buying an additional 25,000 shares during the period. Finally, AWM Investment Company Inc. purchased a new stake in Flotek Industries in the second quarter worth about $706,000. 10.90% of the stock is owned by hedge funds and other institutional investors.

Flotek Industries Company Profile

Flotek Industries, Inc is a Houston, Texas-based technology company that develops and commercializes specialty green chemistry solutions. Its products are designed to help customers improve operational efficiency, reduce environmental impacts and manage resource use across energy, industrial and consumer applications.

The company's principal offerings serve the oil and gas industry, including chemistry technologies used in well completion, production and other field operations. Flotek's CnF® technology is a flagship product line intended to enhance hydrocarbon recovery while supporting efforts to reduce emissions, water consumption and the use of conventional chemical additives.

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