Somewhat Favorable News Coverage Somewhat Unlikely to Impact Flotek Industries (FTK) Stock Price
Media coverage about Flotek Industries (NYSE:FTK) has trended somewhat positive on Thursday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flotek Industries earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 47.5987602278167 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Flotek Industries (FTK) Lifted to Buy at Zacks Investment Research (americanbankingnews.com)
- Flotek Industries, Inc. Announces Fourth Quarter 2017 Results (finance.yahoo.com)
- Flotek Industries (FTK) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS (americanbankingnews.com)
- Are Flotek Industries Inc’s (NYSE:FTK) Interest Costs Too High? (finance.yahoo.com)
- Stock Traders Purchase High Volume of Flotek Industries Call Options (FTK) (americanbankingnews.com)
Flotek Industries (NYSE:FTK) opened at $5.74 on Thursday. The firm has a market capitalization of $317.66, a P/E ratio of -12.21 and a beta of 1.77. Flotek Industries has a 52 week low of $4.14 and a 52 week high of $14.51.
Separately, Zacks Investment Research raised Flotek Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th.
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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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