Research Analysts Offer Predictions for FTK FY2027 Earnings

Key Points

• Northland Securities lowered its FY2027 EPS forecast for Flotek Industries to $1.21 from $1.52, though that remains above the current full-year consensus estimate of $0.70.
• Flotek recently exceeded quarterly expectations, reporting $0.26 EPS versus a $0.13 consensus and revenue of $99.37 million compared with estimates of $69.51 million.
• The stock has a “Moderate Buy” consensus rating from analysts, with an average price target of $28.33; shares opened at $24.92, while institutional investors and hedge funds own 10.90% of the company.

Flotek Industries, Inc. (NYSE:FTK - Free Report) - Equities researchers at Northland Securities decreased their FY2027 earnings estimates for Flotek Industries in a report released on Thursday, August 20th. Northland Securities analyst J. Grampp now expects that the oil and gas company will earn $1.21 per share for the year, down from their prior forecast of $1.52. The consensus estimate for Flotek Industries' current full-year earnings is $0.70 per share.

FTK has been the topic of several other reports. JonesTrading started coverage on Flotek Industries in a report on Thursday, July 9th. They set a "buy" rating and a $40.00 target price on the stock. Weiss Ratings raised Flotek Industries from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Flotek Industries currently has a consensus rating of "Moderate Buy" and an average price target of $28.33.

Flotek Industries Stock Up 1.0%

Shares of NYSE FTK opened at $24.92 on Monday. The stock has a market cap of $902.60 million, a PE ratio of 25.17 and a beta of 1.43. The company has a current ratio of 1.78, a quick ratio of 1.50 and a debt-to-equity ratio of 0.31. Flotek Industries has a 12-month low of $10.95 and a 12-month high of $39.67. The company has a 50-day moving average of $26.37 and a 200 day moving average of $20.88.

Flotek Industries (NYSE:FTK - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.13. The firm had revenue of $99.37 million for the quarter, compared to the consensus estimate of $69.51 million. Flotek Industries had a net margin of 12.97% and a return on equity of 21.57%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FTK. Quarry LP raised its holdings in shares of Flotek Industries by 97.2% in the 3rd quarter. Quarry LP now owns 3,855 shares of the oil and gas company's stock valued at $56,000 after buying an additional 1,900 shares during the period. New York State Common Retirement Fund acquired a new position in Flotek Industries during the 2nd quarter worth about $102,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Flotek Industries during the 2nd quarter valued at about $115,000. Deutsche Bank AG purchased a new position in Flotek Industries during the 4th quarter valued at about $150,000. Finally, Mangrove Partners IM LLC acquired a new position in Flotek Industries in the 4th quarter valued at about $177,000. 10.90% of the stock is currently owned by institutional investors and hedge funds.

Flotek Industries Company Profile

Flotek Industries, Inc NYSE: FTK is a Houston-based oilfield services provider specializing in innovative chemical technologies for the upstream energy sector. The company develops, manufactures and markets specialty drilling fluids, completion fluids and production chemicals that enhance drilling efficiency, optimize well performance and mitigate operational risks. Flotek's solutions are designed to improve drilling rates of penetration, reduce nonproductive time and address challenging downhole environments, including high-pressure/high-temperature wells and sour service conditions.

Flotek's operations are organized into three core business segments: Drilling & Completion Fluids, Production Chemicals & Process Management, and Water Solutions.

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