Flotek Industries, Inc. (NYSE:FTK - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.24 and traded as high as $8.17. Flotek Industries shares last traded at $8.14, with a volume of 123,329 shares traded.
Wall Street Analysts Forecast Growth
Separately, Roth Mkm increased their price objective on shares of Flotek Industries from $6.50 to $8.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th.
Read Our Latest Analysis on FTK
Flotek Industries Stock Down 0.7 %
The stock's 50 day moving average price is $6.59 and its 200-day moving average price is $5.24. The stock has a market capitalization of $240.78 million, a PE ratio of 31.31 and a beta of 1.24.
Flotek Industries (NYSE:FTK - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The oil and gas company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Flotek Industries had a net margin of 4.58% and a return on equity of 7.76%. The firm had revenue of $49.74 million during the quarter, compared to the consensus estimate of $50.40 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. As a group, sell-side analysts predict that Flotek Industries, Inc. will post 0.29 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Flotek Industries
Hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in shares of Flotek Industries in the 3rd quarter worth approximately $53,000. Wilmington Savings Fund Society FSB acquired a new position in Flotek Industries during the 3rd quarter valued at about $60,000. Barclays PLC acquired a new position in shares of Flotek Industries during the third quarter valued at about $66,000. PDT Partners LLC acquired a new position in shares of Flotek Industries during the third quarter valued at about $86,000. Finally, Sanders Morris Harris LLC acquired a new stake in Flotek Industries in the 3rd quarter worth approximately $137,000. Hedge funds and other institutional investors own 10.90% of the company's stock.
About Flotek Industries
(
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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