Flotek Industries Inc. (FTK) Shares Up 3.3%
Shares of Flotek Industries Inc. (NYSE:FTK) shot up 3.3% during trading on Friday . The stock traded as high as $15.91 and last traded at $15.75, with a volume of 358,937 shares trading hands. The stock had previously closed at $15.25.
Several brokerages have commented on FTK. Zacks Investment Research cut shares of Flotek Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd. Stephens restated a “top pick” rating on shares of Flotek Industries in a research note on Friday, July 15th. Finally, Seaport Global Securities upgraded shares of Flotek Industries from a “speculative buy” rating to a “buy” rating in a research note on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $12.98.
The firm has a 50-day moving average price of $14.51 and a 200-day moving average price of $11.10. The company’s market capitalization is $858.77 million.
Flotek Industries (NYSE:FTK) last announced its quarterly earnings results on Tuesday, July 26th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. During the same quarter in the prior year, the company earned $0.02 earnings per share. The company earned $72.32 million during the quarter, compared to analysts’ expectations of $65 million. The business’s revenue for the quarter was down 16.9% on a year-over-year basis. On average, equities analysts predict that Flotek Industries Inc. will post ($0.15) EPS for the current fiscal 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.