Flotek Industries Inc. (FTK) Trading Down 2.3%
Flotek Industries Inc. (NYSE:FTK) shares dropped 2.3% during trading on Thursday . The company traded as low as $14.90 and last traded at $15.15, with a volume of 296,269 shares. The stock had previously closed at $15.50.
FTK has been the topic of a number of research analyst reports. Seaport Global Securities raised Flotek Industries from a “speculative buy” rating to a “buy” rating in a report on Monday, May 9th. Zacks Investment Research upgraded Flotek Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, June 27th. Finally, Stephens reiterated a “top pick” rating on shares of Flotek Industries in a research report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Flotek Industries has a consensus rating of “Buy” and a consensus price target of $12.98.
The firm’s market cap is $858.77 million. The company’s 50 day moving average is $14.51 and its 200-day moving average is $11.10.
Flotek Industries (NYSE:FTK) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.06. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The business earned $72.32 million during the quarter, compared to the consensus estimate of $65 million. The company’s revenue for the quarter was down 16.9% on a year-over-year basis. On average, equities analysts anticipate that Flotek Industries Inc. will post ($0.15) earnings per share for the current year.
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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