Flotek Industries Inc. (FTK) Trading Down 2.3%
Shares of Flotek Industries Inc. (NYSE:FTK) dropped 2.3% 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 analyst reports. Stephens reaffirmed a “top pick” rating on shares of Flotek Industries in a report on Friday, July 15th. Zacks Investment Research raised shares of Flotek Industries from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Finally, Seaport Global Securities raised shares of Flotek Industries from a “speculative buy” rating to a “buy” rating in a report on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $12.98.
The company’s market cap is $822.11 million. The company’s 50-day moving average is $14.40 and its 200-day moving average is $11.03.
Flotek Industries (NYSE:FTK) last announced its earnings results on Tuesday, July 26th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.10) by $0.06. During the same period last year, the firm posted $0.02 EPS. The company had revenue of $72.32 million for the quarter, compared to the consensus estimate of $65 million. The company’s revenue was down 16.9% compared to the same quarter last year. Equities analysts forecast 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.
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.