In yesterday’s Wall Street session, Flotek Industries Inc. (NYSE:FTK) shares traded at $0.94, down -6.93% from the previous session.
1 analysts cover Flotek Industries Inc. (NYSE:FTK), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $1.40 and a low of $1.40, we find $1.40. Given the previous closing price of $1.01, this indicates a potential upside of 38.61 percent. FTK stock price is now -19.93% away from the 50-day moving average and -17.57% away from the 200-day moving average. The market capitalization of the company currently stands at $70.76M.
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The stock has received a hold rating from 1 analysts and a buy rating from 0. Brokers who have rated the stock have averaged $1.40 as their price target over the next twelve months.
With the price target of $2.50, Noble Capital Markets recently initiated with Outperform rating for Flotek Industries Inc. (NYSE: FTK)., while ‘Oppenheimer’ rates the stock as ‘Perform’.
In other news, GIBSON JOHN W JR, CEO and President bought 4,000 shares of the company’s stock on Dec 30. The stock was bought for $4,520 at an average price of $1.13. Upon completion of the transaction, the CEO and President now directly owns 871,021 shares in the company, valued at $0.82 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 28, 10% Owner ProFrac Holding Corp. bought 1,500,000 shares of the business’s stock. A total of $1,740,000 was incurred on buying the stock at an average price of $1.16. This leaves the insider owning 1,500,000 shares of the company worth $1.41 million. Insiders disposed of 72,911 shares of company stock worth roughly $68536.34 over the past 1 year. A total of 2.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FTK stock. A new stake in Flotek Industries Inc. shares was purchased by CITADEL ADVISORS LLC during the first quarter worth $160,000. KESTRA ADVISORY SERVICES, LLC invested $14,000 in shares of FTK during the first quarter. In the first quarter, MODERA WEALTH MANAGEMENT, LLC acquired a new stake in Flotek Industries Inc. valued at approximately $13,000. COMERICA SECURITIES,INC. acquired a new stake in FTK for approximately $2,000. In total, there are 51 active investors with 36.00% ownership of the company’s stock.
On Wednesday morning Flotek Industries Inc. (NYSE: FTK) stock kicked off with the opening price of $1.0000. During the past 12 months, Flotek Industries Inc. has had a low of $0.90 and a high of $1.63. As of last week, the company has a debt-to-equity ratio of 4.73, a current ratio of 0.60, and a quick ratio of 0.50. The fifty day moving average price for FTK is $1.1704 and a two-hundred day moving average price translates $1.1386 for the stock.
The latest earnings results from Flotek Industries Inc. (NYSE: FTK) was released for Sep, 2022. According to the Oil & Gas Equipment & Services Company, earnings per share came in at -$0.25, missing analysts’ expectations of -$0.06 by -0.19. This compares to $0.01 EPS in the same period last year. The net profit margin was -39.50% and return on equity was -170.90% for FTK. The company reported revenue of $45.62 million for the quarter, compared to $10.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 348.21 percent. For the current quarter, analysts expect FTK to generate $55.53M in revenue.
Flotek Industries Inc.(FTK) Company Profile
Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. It operates in two segments, Chemistry Technologies (CT) and Data Analytics (DA). The CT segment designs, develops, manufactures, packages, distributes, delivers, and markets green specialty chemicals that enhance the profitability of hydrocarbon producers and cleans surfaces in commercial and personal settings to help reduce the spread of bacteria, viruses, and germs. This segment primarily serves integrated oil and gas, oilfield services, independent oil and gas, national and state-owned oil, geothermal energy, solar energy, and alternative energy companies. The DA segment designs, develops, produces, sells, and supports equipment and services that create and provide valuable information on the composition and properties of energy customers’ hydrocarbon fluids. This segment’s data platforms combine the energy industry’s field-deployable, inline optical analyzer with proprietary cloud visualization and analytics. It sells its products directly through a mix of in-house sales professionals, as well as contractual agency agreements. The company was incorporated in 1985 and is headquartered in Houston, Texas.
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