Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Flotek Industries (FTK) Share Price
Press coverage about Flotek Industries (NYSE:FTK) has trended somewhat positive on Monday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Flotek Industries earned a news impact score of 0.13 on Accern’s scale. Accern also gave headlines about the oil and gas company an impact score of 46.1190938115474 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Flotek Industries (FTK) & Its Competitors Head to Head Analysis (americanbankingnews.com)
- Trading summary of Unusual Activity – Flotek Industries, Inc. (FTK) – Wall Street Morning (wallstreetmorning.com)
- Flotek Industries, Inc. (FTK) -49.06% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Flotek Industries, Inc. (NYSE:FTK) – Eye-Catching Hot Stocks – The Investor Guide (wallstreetnews24.com)
- Two Harbors Investment Corp. (TWO) noted a price change of -0.60% and Flotek Industries, Inc. (FTK) closes with a … – Stocks Gallery (stocksgallery.com)
A number of analysts have recently issued reports on the stock. BidaskClub cut shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. ValuEngine cut shares of Flotek Industries from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Zacks Investment Research cut shares of Flotek Industries from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Finally, Seaport Global Securities reissued a “buy” rating on shares of Flotek Industries in a research note on Thursday, July 20th.
Shares of Flotek Industries (NYSE:FTK) traded down 4.91% during mid-day trading on Monday, hitting $5.42. 1,545,297 shares of the stock were exchanged. The stock’s 50-day moving average price is $5.81 and its 200-day moving average price is $9.41. Flotek Industries has a 52-week low of $4.56 and a 52-week high of $15.23. The company’s market cap is $310.74 million.
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About Flotek Industries
Flotek Industries, Inc is a technology-driven company. The Company develops and supplies chemistry and services to the oil and gas industries, and compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets. The Company operates through two segments: Energy Chemistry Technologies (ECT), and Consumer and Industrial Chemistry Technologies (CICT).
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