Flotek Industries (FTK) Earning Somewhat Favorable Press Coverage, Report Shows
Headlines about Flotek Industries (NYSE:FTK) have trended somewhat positive on Sunday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Flotek Industries earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 47.3906479975151 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Flotek Industries (NYSE:FTK) traded up $0.22 on Friday, hitting $4.73. 819,097 shares of the company were exchanged, compared to its average volume of 970,033. Flotek Industries has a twelve month low of $4.14 and a twelve month high of $14.51.
Flotek Industries (NYSE:FTK) last posted its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.05). The business had revenue of $79.46 million for the quarter, compared to the consensus estimate of $85.10 million. Flotek Industries had a negative return on equity of 1.64% and a negative net margin of 10.41%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the firm earned ($0.06) earnings per share. analysts predict that Flotek Industries will post -0.12 EPS for the current year.
A number of equities analysts have weighed in on FTK shares. Zacks Investment Research raised shares of Flotek Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, September 4th. BidaskClub downgraded shares of Flotek Industries from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/11/19/flotek-industries-ftk-earning-somewhat-favorable-press-coverage-report-shows.html.
Flotek Industries Company Profile
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).
Receive News & Ratings for Flotek Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flotek Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.