Flotek Industries (FTK) Set to Announce Earnings on Tuesday

Flotek Industries (NYSE:FTK) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Flotek Industries (NYSE:FTK) last announced its quarterly earnings results on Tuesday, March 12th. The oil and gas company reported $0.07 earnings per share for the quarter. The company had revenue of $42.19 million during the quarter. Flotek Industries had a negative return on equity of 0.65% and a net margin of 13.14%.

Flotek Industries Stock Performance

Shares of FTK opened at $3.48 on Monday. Flotek Industries has a 52-week low of $2.64 and a 52-week high of $5.70. The stock’s 50-day simple moving average is $3.43 and its 200 day simple moving average is $3.49. The stock has a market capitalization of $103.22 million, a price-to-earnings ratio of -26.78 and a beta of 1.06.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on FTK shares. Alliance Global Partners began coverage on shares of Flotek Industries in a research note on Monday, April 29th. They set a “buy” rating and a $7.00 price objective for the company. TheStreet raised shares of Flotek Industries from a “d” rating to a “c-” rating in a report on Wednesday, March 13th.

About Flotek Industries

Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).