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NYSE:FTK

Flotek Industries (FTK) Stock Price, News & Analysis

Flotek Industries logo
$7.84 -0.40 (-4.85%)
(As of 11/20/2024 ET)

About Flotek Industries Stock (NYSE:FTK)

Key Stats

Today's Range
$7.61
$8.65
50-Day Range
$4.63
$8.23
52-Week Range
$2.64
$8.65
Volume
332,105 shs
Average Volume
165,790 shs
Market Capitalization
$233.63 million
P/E Ratio
30.16
Dividend Yield
N/A
Price Target
$7.50
Consensus Rating
Buy

Company Overview

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). The CT segment designs, develops, manufactures, packages, distributes, delivers, and markets green specialty chemicals that enhance the profitability of hydrocarbon producers, as well as green specialty chemistries, and logistics and technology services. This segment primarily serves integrated oil and gas, oilfield services, independent oil and gas, national and state-owned oil, geothermal energy, solar energy, and alternative energy companies. The DA segment designs, develops, produces, sells, and supports equipment and services that create and provide valuable information on the composition and properties of energy customers' hydrocarbon fluids. It sells its products directly through a mix of in-house sales professionals, as well as contractual agency agreements. Flotek Industries, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.

Flotek Industries Stock Analysis - MarketRank™

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30th Percentile Overall Score

FTK MarketRank™: 

Flotek Industries scored higher than 30% of companies evaluated by MarketBeat, and ranked 221st out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Flotek Industries has received a consensus rating of Buy. The company's average rating score is 3.33, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Flotek Industries has only been the subject of 1 research reports in the past 90 days.

  • Read more about Flotek Industries' stock forecast and price target.
  • Earnings Growth

    Earnings for Flotek Industries are expected to grow by 48.28% in the coming year, from $0.29 to $0.43 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Flotek Industries is 30.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.79.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Flotek Industries is 30.16, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.29.

  • Price to Book Value per Share Ratio

    Flotek Industries has a P/B Ratio of 2.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Flotek Industries' valuation and earnings.
  • Percentage of Shares Shorted

    2.11% of the float of Flotek Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    Flotek Industries has a short interest ratio ("days to cover") of 5.
  • Change versus previous month

    Short interest in Flotek Industries has recently increased by 3.34%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Flotek Industries does not currently pay a dividend.

  • Dividend Growth

    Flotek Industries does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.11% of the float of Flotek Industries has been sold short.
  • Short Interest Ratio / Days to Cover

    Flotek Industries has a short interest ratio ("days to cover") of 5.
  • Change versus previous month

    Short interest in Flotek Industries has recently increased by 3.34%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Flotek Industries has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Flotek Industries this week, compared to 1 article on an average week.
  • Search Interest

    4 people have searched for FTK on MarketBeat in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Flotek Industries insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 6.29% of the stock of Flotek Industries is held by insiders.

  • Percentage Held by Institutions

    Only 10.90% of the stock of Flotek Industries is held by institutions.

  • Read more about Flotek Industries' insider trading history.
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FTK Stock News Headlines

Flotek price target raised to $8 from $7 at Alliance Global Partners
Roth MKM Keeps Their Buy Rating on Flotek (FTK)
JD Vance Predicts: Wall Street vs. Trump & Your Money
Trump's back in the White House, but Wall Street is pissed. Here's the deal: Wall Street's about to purposely crash the bond market to sabotage Trump's comeback.
Flotek Industries Reports Strong Q3 2024 Performance
Flotek raises FY24 adjusted EBITDA view to $16.5M-$18.5M from $14M-$18M
Flotek Reports Strong Q3 2024 Financial Results
See More Headlines

FTK Stock Analysis - Frequently Asked Questions

Flotek Industries' stock was trading at $3.92 on January 1st, 2024. Since then, FTK shares have increased by 100.0% and is now trading at $7.84.
View the best growth stocks for 2024 here
.

Flotek Industries, Inc. (NYSE:FTK) issued its quarterly earnings data on Monday, November, 4th. The oil and gas company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The oil and gas company had revenue of $49.74 million for the quarter, compared to analysts' expectations of $50.40 million. Flotek Industries had a net margin of 4.58% and a trailing twelve-month return on equity of 7.76%.

Flotek Industries's stock reverse split on the morning of Tuesday, September 26th 2023. The 1-6 reverse split was announced on Thursday, September 14th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Monday, September 25th 2023. An investor that had 100 shares of stock prior to the reverse split would have 17 shares after the split.

Flotek Industries' top institutional shareholders include Geode Capital Management LLC (1.00%), Sanders Morris Harris LLC (0.09%), PDT Partners LLC (0.06%) and Barclays PLC (0.04%). Insiders that own company stock include David Nierenberg, John W Gibson Jr, Ryan Gillis Ezell, Matthew Wilks, James Bond Clement and Harshavardhan V Agadi.
View institutional ownership trends
.

Shares of FTK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Flotek Industries investors own include NVIDIA (NVDA), Meta Platforms (META), General Electric (GE), Advanced Micro Devices (AMD), Broadcom (AVGO), CymaBay Therapeutics (CBAY) and Adobe (ADBE).

Company Calendar

Last Earnings
11/04/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/11/2025

Industry, Sector and Symbol

Industry
Miscellaneous chemical products
Sub-Industry
Specialty Chemicals
CUSIP
34338910
Employees
130
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$7.50
High Stock Price Target
$8.00
Low Stock Price Target
$7.00
Potential Upside/Downside
-4.3%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Net Income
$24.71 million
Pretax Margin
4.77%

Debt

Sales & Book Value

Annual Sales
$188.06 million
Cash Flow
$0.02 per share
Book Value
$3.66 per share

Miscellaneous

Free Float
27,922,000
Market Cap
$233.63 million
Optionable
Optionable
Beta
1.04

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This page (NYSE:FTK) was last updated on 11/21/2024 by MarketBeat.com Staff
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