Shares of Flotek Industries, Inc. (NYSE:FTK - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.99 and traded as high as $8.95. Flotek Industries shares last traded at $8.80, with a volume of 149,754 shares.
Analysts Set New Price Targets
Separately, Roth Mkm boosted their price target on Flotek Industries from $6.50 to $8.00 and gave the company a "buy" rating in a report on Thursday, November 7th.
Read Our Latest Stock Report on FTK
Flotek Industries Stock Down 0.7 %
The company's fifty day moving average is $8.40 and its 200 day moving average is $5.99. The firm has a market cap of $262.24 million, a price-to-earnings ratio of 33.85 and a beta of 1.19.
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 analysts' consensus estimates of $0.07 by $0.01. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. The firm had revenue of $49.74 million during the quarter, compared to the consensus estimate of $50.40 million. During the same period last year, the company earned $0.04 earnings per share. On average, equities research analysts forecast that Flotek Industries, Inc. will post 0.29 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Flotek Industries in the third quarter valued at $53,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Flotek Industries during the 3rd quarter worth about $60,000. Barclays PLC acquired a new position in Flotek Industries in the 3rd quarter valued at about $66,000. PDT Partners LLC bought a new position in Flotek Industries in the 3rd quarter valued at about $86,000. Finally, Sanders Morris Harris LLC acquired a new stake in Flotek Industries during the third quarter worth approximately $137,000. 10.90% of the stock is currently owned by institutional investors and hedge funds.
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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