Flotek Industries (NYSE:FTK) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Flotek Industries, Inc. (NYSE:FTK)’s share price passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $22.23 and traded as high as $24.48. Flotek Industries shares last traded at $24.4640, with a volume of 415,373 shares traded.

Key Headlines Impacting Flotek Industries

Here are the key news stories impacting Flotek Industries this week:

• Positive Sentiment: Northland Securities raised its FY2026 EPS forecast to $1.03 from $0.82 and its FY2027 forecast to $1.52 from $1.25. Its quarterly projections for 2027 range from $0.29 to $0.42 per share, signaling improved profit expectations. Flotek Industries analyst estimates
• Positive Sentiment: The latest reported quarter delivered EPS of $0.34, ahead of the $0.21 consensus, and revenue of $114.4 million versus expectations of $94.4 million. A Seeking Alpha analysis described it as Flotek’s strongest quarter in 12 years, with revenue up 104% and 2026 guidance raised for a third time. Flotek: Data Analytics Is Taking Over, And Guidance Keeps Going Up
• Positive Sentiment: The analysis highlighted data analytics as a high-margin growth driver: it accounted for 16% of revenue but 45% of gross profit, with a 68% gross margin.
• Positive Sentiment: FTK has moved above its 200-day moving average, a technical signal that may support investor sentiment. Flotek shares break above 200-day moving average
• Negative Sentiment: Risks flagged in the analysis include reliance on ProFrac and negative operating cash flow, which could temper optimism if customer demand or cash generation weakens.

Analyst Ratings Changes

Several equities analysts have recently commented on FTK shares. Lake Street Capital upped their price objective on shares of Flotek Industries from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Zacks Research raised Flotek Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. Finally, Weiss Ratings downgraded Flotek Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, Flotek Industries presently has a consensus rating of “Buy” and a consensus price target of $34.67.

Flotek Industries Price Performance

The business has a 50 day moving average of $26.52 and a 200 day moving average of $22.23. The company has a market cap of $886.09 million, a PE ratio of 30.58 and a beta of 1.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.30 and a quick ratio of 1.50.

Flotek Industries (NYSE:FTK) last released its quarterly earnings results on Tuesday, November 3rd. The oil and gas company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. Flotek Industries had a net margin of 8.81% and a return on equity of 24.56%. The business had revenue of $114.35 million for the quarter, compared to analysts’ expectations of $94.36 million. As a group, research analysts predict that Flotek Industries, Inc. will post 0.90 EPS for the current year.

Insider Transactions at Flotek Industries

In related news, Director Matthew Wilks bought 1,319,493 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were purchased at an average price of $26.01 per share, with a total value of $34,320,012.93. Following the purchase, the director owned 1,477,285 shares of the company’s stock, valued at approximately $38,424,182.85. This trade represents a 836.22% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $26.01, for a total transaction of $60,000,024.06. Following the transaction, the insider owned 3,693,194 shares in the company, valued at $96,059,975.94. This represents a 38.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.40% of the company’s stock.

Institutional Trading of Flotek Industries

Several large investors have recently bought and sold shares of the company. Masters Capital Management LLC raised its position in shares of Flotek Industries by 8.9% in the 1st quarter. Masters Capital Management LLC now owns 1,089,438 shares of the oil and gas company’s stock worth $18,488,000 after acquiring an additional 89,438 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Flotek Industries by 71.4% during the first quarter. Dimensional Fund Advisors LP now owns 691,593 shares of the oil and gas company’s stock valued at $11,736,000 after purchasing an additional 288,064 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Flotek Industries by 51.8% during the second quarter. Squarepoint Ops LLC now owns 111,425 shares of the oil and gas company’s stock valued at $2,621,000 after purchasing an additional 38,046 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Flotek Industries by 11.1% in the third quarter. Russell Investments Group Ltd. now owns 77,009 shares of the oil and gas company’s stock worth $2,258,000 after purchasing an additional 7,685 shares during the period. Finally, Round Rock Advisors LLC grew its stake in Flotek Industries by 203.4% in the second quarter. Round Rock Advisors LLC now owns 81,471 shares of the oil and gas company’s stock worth $1,916,000 after purchasing an additional 54,620 shares during the period. 10.90% of the stock is owned by institutional investors.

About Flotek Industries

Flotek Industries, Inc is a technology-driven company that develops chemistry and data solutions for the energy and industrial markets. Its offerings are designed to help customers improve operational performance, manage environmental impacts and use resources more efficiently.

Through its Chemistry Technologies business, Flotek provides proprietary green chemistry products for oil and natural gas exploration and production, industrial water treatment and other industrial applications.