What is Northland Securities' Estimate for FTK Q3 Earnings?

Key Points

• Northland Securities raised its Q3 2026 EPS estimate for Flotek Industries to $0.20, up from $0.18. The firm forecasts full-year 2026 EPS of $0.77 and 2027 EPS of $1.52.
• Flotek recently reported quarterly EPS of $0.26, beating consensus by $0.13, while revenue of $99.37 million exceeded the $69.51 million estimate.
• Analyst sentiment remains positive, with four Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of $28.33.

Flotek Industries, Inc. (NYSE:FTK - Free Report) - Equities research analysts at Northland Securities upped their Q3 2026 earnings per share (EPS) estimates for Flotek Industries in a research report issued to clients and investors on Thursday, August 6th. Northland Securities analyst J. Grampp now forecasts that the oil and gas company will post earnings per share of $0.20 for the quarter, up from their previous estimate of $0.18. The consensus estimate for Flotek Industries' current full-year earnings is $0.70 per share. Northland Securities also issued estimates for Flotek Industries' FY2026 earnings at $0.77 EPS and FY2027 earnings at $1.52 EPS.

A number of other research analysts have also recently issued reports on the stock. JonesTrading started coverage on shares of Flotek Industries in a report on Thursday, July 9th. They issued a "buy" rating and a $40.00 price target for the company. Weiss Ratings raised shares of Flotek Industries from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $28.33.

Flotek Industries Stock Down 0.7%

FTK stock opened at $35.18 on Monday. The stock has a market capitalization of $1.27 billion, a PE ratio of 35.54 and a beta of 1.43. Flotek Industries has a 52 week low of $10.95 and a 52 week high of $37.53. The company has a quick ratio of 1.50, a current ratio of 1.78 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $24.79 and a 200 day moving average of $19.89.

Flotek Industries (NYSE:FTK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, beating 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 Investors Weigh In On Flotek Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers raised its position in Flotek Industries by 3.6% during the third quarter. Rhumbline Advisers now owns 22,400 shares of the oil and gas company's stock worth $327,000 after acquiring an additional 770 shares during the period. First Trust Advisors LP grew its position in shares of Flotek Industries by 3.2% in the fourth quarter. First Trust Advisors LP now owns 43,495 shares of the oil and gas company's stock valued at $749,000 after purchasing an additional 1,335 shares during the period. Barclays PLC grew its position in shares of Flotek Industries by 6.5% in the fourth quarter. Barclays PLC now owns 22,204 shares of the oil and gas company's stock valued at $383,000 after purchasing an additional 1,351 shares during the period. Informed Momentum Co LLC increased its stake in shares of Flotek Industries by 2.2% during the fourth quarter. Informed Momentum Co LLC now owns 63,959 shares of the oil and gas company's stock worth $1,102,000 after purchasing an additional 1,366 shares in the last quarter. Finally, Aristides Capital LLC increased its stake in shares of Flotek Industries by 4.6% during the fourth quarter. Aristides Capital LLC now owns 31,390 shares of the oil and gas company's stock worth $541,000 after purchasing an additional 1,390 shares in the last quarter. Institutional investors and hedge funds own 10.90% of the company's stock.

Insider Buying and Selling

In related news, CFO James Bond Clement sold 12,554 shares of the firm's stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $20.08, for a total transaction of $252,084.32. Following the sale, the chief financial officer directly owned 115,324 shares of the company's stock, valued at $2,315,705.92. This trade represents a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.40% of the stock is currently owned by company insiders.

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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