Flotek Industries Inc (NYSE:FTK) shares were up 5.8% on Tuesday . The stock traded as high as $14.67 and last traded at $14.49, with a volume of 645,469 shares. The stock had previously closed at $13.69.

Several research analysts have weighed in on FTK shares. Seaport Global Securities upgraded shares of Flotek Industries from a “speculative buy” rating to a “buy” rating in a research report on Monday, May 9th. Zacks Investment Research upgraded shares of Flotek Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, June 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $12.98.

The company’s 50 day moving average is $12.77 and its 200-day moving average is $9.31. The firm’s market cap is $779.97 million.

Flotek Industries (NYSE:FTK) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The company had revenue of $72.20 million for the quarter, compared to analysts’ expectations of $70.50 million. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) EPS. Equities research analysts predict that Flotek Industries Inc will post ($0.25) EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in shares of Flotek Industries by 64.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,280,165 shares of the company’s stock valued at $14,645,000 after buying an additional 500,321 shares in the last quarter. Morgan Stanley increased its stake in shares of Flotek Industries by 101.5% in the fourth quarter. Morgan Stanley now owns 161,057 shares of the company’s stock valued at $1,844,000 after buying an additional 81,124 shares in the last quarter. Jennison Associates increased its stake in shares of Flotek Industries by 1.4% in the third quarter. Jennison Associates now owns 2,078,383 shares of the company’s stock valued at $34,709,000 after buying an additional 28,890 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Flotek Industries by 13.3% in the fourth quarter. California Public Employees Retirement System now owns 240,900 shares of the company’s stock valued at $2,756,000 after buying an additional 28,300 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Flotek Industries by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 99,138 shares of the company’s stock valued at $1,134,000 after buying an additional 1,551 shares in the last quarter.

Flotek Industries, Inc is a technology-driven company that develops and supplies oilfield products, services and equipment to the oil, gas and mining industries. The Company has four business segments: Energy Chemistry Technologies, Consumer and Industrial Chemical Technologies, Drilling Technologies, and Production Technologies.

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