Flotek Industries (NYSE:FTK - Get Free Report) released its earnings results on Monday. The oil and gas company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01, Zacks reports. The firm had revenue of $49.74 million for the quarter, compared to the consensus estimate of $50.40 million. Flotek Industries had a return on equity of 6.73% and a net margin of 3.94%. During the same period in the prior year, the business posted $0.04 earnings per share.
Flotek Industries Stock Performance
Flotek Industries stock traded up $1.15 during trading on Tuesday, reaching $6.15. 430,563 shares of the company's stock were exchanged, compared to its average volume of 77,101. The company's 50-day moving average is $4.75 and its two-hundred day moving average is $4.41. Flotek Industries has a 52-week low of $2.64 and a 52-week high of $6.19. The firm has a market cap of $183.33 million, a price-to-earnings ratio of 27.96 and a beta of 1.04.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Roth Mkm initiated coverage on shares of Flotek Industries in a research report on Thursday, July 25th. They issued a "buy" rating and a $6.50 target price on the stock. Roth Capital raised shares of Flotek Industries to a "strong-buy" rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Flotek Industries has a consensus rating of "Buy" and a consensus price target of $6.75.
Check Out Our Latest Stock Analysis on FTK
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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