Flotek Industries (FTK) to Announce Earnings on Monday

Flotek Industries (NYSE:FTK - Get Free Report) will be posting its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Flotek Industries to post earnings of $0.07 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Flotek Industries (NYSE:FTK - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $46.15 million for the quarter, compared to analysts' expectations of $46.60 million. Flotek Industries had a net margin of 3.94% and a return on equity of 6.73%. During the same quarter in the prior year, the firm posted ($0.24) earnings per share. On average, analysts expect Flotek Industries to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Flotek Industries Trading Down 2.7 %

Shares of Flotek Industries stock traded down $0.13 during trading on Monday, hitting $4.91. The stock had a trading volume of 33,122 shares, compared to its average volume of 75,539. The firm has a market cap of $145.47 million, a price-to-earnings ratio of 122.63 and a beta of 1.03. Flotek Industries has a 12 month low of $2.64 and a 12 month high of $5.61. The business's 50-day moving average is $4.68 and its 200 day moving average is $4.36.

Analysts Set New Price Targets

Several research firms have recently weighed in on FTK. Roth Mkm began coverage on shares of Flotek Industries in a report on Thursday, July 25th. They issued a "buy" rating and a $6.50 price target on the stock. Roth Capital raised shares of Flotek Industries to a "strong-buy" rating in a report on Thursday, July 25th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Flotek Industries currently has an average rating of "Buy" and a consensus target price of $6.75.

Flotek Industries Company Profile

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).