Q3 Earnings Estimate for FTK Issued By Northland Securities

Flotek Industries, Inc. (NYSE:FTK) – Equities research analysts at Northland Securities cut their Q3 2026 earnings estimates for Flotek Industries in a note issued to investors on Thursday, March 12th. Northland Securities analyst J. Grampp now anticipates that the oil and gas company will post earnings per share of $0.19 for the quarter, down from their previous forecast of $0.21. Northland Securities has a “Outperform” rating and a $20.00 price objective on the stock. The consensus estimate for Flotek Industries’ current full-year earnings is $0.29 per share. Northland Securities also issued estimates for Flotek Industries’ Q4 2026 earnings at $0.21 EPS, FY2026 earnings at $0.67 EPS and FY2027 earnings at $1.40 EPS.

Several other brokerages have also recently weighed in on FTK. Weiss Ratings reissued a “hold (c+)” rating on shares of Flotek Industries in a research note on Monday, December 29th. Lake Street Capital initiated coverage on Flotek Industries in a report on Thursday, January 29th. They issued a “buy” rating and a $25.00 target price for the company. Finally, Zacks Research downgraded Flotek Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Flotek Industries Stock Down 4.3%

Shares of NYSE:FTK opened at $16.92 on Monday. The company has a market cap of $508.68 million, a price-to-earnings ratio of 20.39 and a beta of 1.45. Flotek Industries has a 12 month low of $6.05 and a 12 month high of $20.41. The company has a current ratio of 1.80, a quick ratio of 1.63 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $17.17 and a 200 day moving average price of $15.83.

Flotek Industries (NYSE:FTK) last posted its earnings results on Wednesday, March 11th. The oil and gas company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). The business had revenue of $67.52 million during the quarter, compared to the consensus estimate of $53.37 million. Flotek Industries had a return on equity of 21.32% and a net margin of 12.87%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FTK. Millennium Management LLC lifted its holdings in Flotek Industries by 304.4% during the 3rd quarter. Millennium Management LLC now owns 809,398 shares of the oil and gas company’s stock valued at $11,817,000 after buying an additional 609,268 shares in the last quarter. Royce & Associates LP boosted its position in Flotek Industries by 41.6% in the 4th quarter. Royce & Associates LP now owns 507,125 shares of the oil and gas company’s stock valued at $8,738,000 after buying an additional 148,876 shares during the period. Geode Capital Management LLC grew its stake in Flotek Industries by 55.9% in the 2nd quarter. Geode Capital Management LLC now owns 485,413 shares of the oil and gas company’s stock worth $7,167,000 after acquiring an additional 174,144 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Flotek Industries by 31.6% during the third quarter. Dimensional Fund Advisors LP now owns 425,579 shares of the oil and gas company’s stock worth $6,213,000 after acquiring an additional 102,136 shares during the period. Finally, Invesco Ltd. purchased a new position in shares of Flotek Industries during the second quarter worth approximately $4,436,000. 10.90% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Flotek Industries news, CFO James Bond Clement sold 6,299 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $16.02, for a total value of $100,909.98. Following the sale, the chief financial officer owned 122,837 shares in the company, valued at $1,967,848.74. This trade represents a 4.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.02% of the stock is currently owned by insiders.

Flotek Industries Company Profile

Flotek Industries, Inc (NYSE: FTK) is a Houston-based oilfield services provider specializing in innovative chemical technologies for the upstream energy sector. The company develops, manufactures and markets specialty drilling fluids, completion fluids and production chemicals that enhance drilling efficiency, optimize well performance and mitigate operational risks. Flotek’s solutions are designed to improve drilling rates of penetration, reduce nonproductive time and address challenging downhole environments, including high-pressure/high-temperature wells and sour service conditions.

Flotek’s operations are organized into three core business segments: Drilling & Completion Fluids, Production Chemicals & Process Management, and Water Solutions.