Flotek Industries (NYSE:FTK - Get Free Report) was upgraded by investment analysts at Singular Research to a "moderate buy" rating in a research report issued on Monday, March 17th,Zacks.com reports.
Flotek Industries Stock Performance
FTK stock traded up $0.28 during midday trading on Monday, hitting $8.96. 161,992 shares of the stock were exchanged, compared to its average volume of 143,083. The stock has a market cap of $267.26 million, a price-to-earnings ratio of 34.46 and a beta of 1.21. Flotek Industries has a fifty-two week low of $3.13 and a fifty-two week high of $10.35. The stock's 50-day moving average price is $8.60 and its 200-day moving average price is $7.37.
Flotek Industries (NYSE:FTK - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. The firm had revenue of $50.76 million during the quarter, compared to the consensus estimate of $50.08 million. During the same period in the previous year, the firm posted $0.07 EPS. Research analysts anticipate that Flotek Industries will post 0.29 EPS for the current year.
Hedge Funds Weigh In On Flotek Industries
A number of large investors have recently bought and sold shares of FTK. Tower Research Capital LLC TRC purchased a new stake in Flotek Industries during the fourth quarter worth approximately $42,000. XTX Topco Ltd bought a new stake in Flotek Industries in the third quarter valued at about $53,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Flotek Industries during the 4th quarter worth approximately $57,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Flotek Industries in the 3rd quarter worth approximately $60,000. Finally, Barclays PLC bought a new stake in shares of Flotek Industries in the 3rd quarter valued at approximately $66,000. Hedge funds and other institutional investors own 10.90% of the company's stock.
Flotek Industries Company Profile
(
Get Free Report)
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).
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