Roth Capital Boosts Earnings Estimates for Flotek Industries

Flotek Industries, Inc. (NYSE:FTK - Free Report) - Investment analysts at Roth Capital raised their FY2025 earnings estimates for Flotek Industries in a research report issued on Thursday, November 7th. Roth Capital analyst G. Sweeney now expects that the oil and gas company will earn $0.43 per share for the year, up from their prior forecast of $0.41. Roth Capital currently has a "Strong-Buy" rating on the stock. The consensus estimate for Flotek Industries' current full-year earnings is $0.29 per share.

Separately, Roth Mkm raised their price objective on shares of Flotek Industries from $6.50 to $8.00 and gave the company a "buy" rating in a research report on Thursday.

Flotek Industries Stock Up 8.5 %

FTK traded up $0.59 during trading on Monday, hitting $7.56. The company's stock had a trading volume of 326,978 shares, compared to its average volume of 81,427. Flotek Industries has a one year low of $2.64 and a one year high of $7.74. The firm has a market cap of $225.36 million, a PE ratio of 26.81 and a beta of 1.04. The business's 50 day simple moving average is $4.94 and its 200-day simple moving average is $4.50.

Flotek Industries (NYSE:FTK - Get Free Report) last issued its earnings results on Monday, November 4th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping 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 company had revenue of $49.74 million for the quarter, compared to analysts' expectations of $50.40 million. During the same quarter last year, the company posted $0.04 earnings per share.

Institutional Investors Weigh In On Flotek Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Flotek Industries by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 545,246 shares of the oil and gas company's stock valued at $2,039,000 after purchasing an additional 39,695 shares in the last quarter. Masters Capital Management LLC grew its position in Flotek Industries by 3.8% during the first quarter. Masters Capital Management LLC now owns 500,000 shares of the oil and gas company's stock valued at $1,870,000 after buying an additional 18,524 shares during the period. Finally, Sanders Morris Harris LLC purchased a new position in Flotek Industries during the third quarter valued at $137,000. Institutional investors own 10.90% of the company's stock.

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).