Flotek Industries (FTK) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $7.11 to $7.44
• 50-Day Range: $4.80 to $8.83
• 52-Week Range: $2.64 to $9.14
• Volume: 142,723 shs
• Average Volume: 93,940 shs
• Market Capitalization: $218.11 million
• P/E Ratio: 28.15
• Dividend Yield: N/A
• Price Target: $7.50
• Consensus Rating: Buy

Flotek Industries Stock Analysis - MarketRank™

Flotek Industries scored higher than 31% of companies evaluated by MarketBeat, and ranked 218th out of 272 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.7 / 5
• Analyst Rating: Buy

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.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 48.28%

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 28.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.49.

Price to Earnings Ratio vs. Sector

The P/E ratio of Flotek Industries is 28.15, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.10.

Price to Book Value per Share Ratio

Flotek Industries has a P/B Ratio of 2.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.94% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Flotek Industries has recently increased by 7.25%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Flotek Industries does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.94% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Flotek Industries has recently increased by 7.25%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: N/A

News Sentiment

Flotek Industries has a news sentiment score of 1.31. 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.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

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.

FTK Stock Analysis - Frequently Asked Questions

How have FTK shares performed this year?

Flotek Industries' stock was trading at $3.92 on January 1st, 2024. Since then, FTK shares have increased by 86.7% and is now trading at $7.32.
View the best growth stocks for 2024 here.

How were Flotek Industries' earnings last quarter?

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

When did Flotek Industries' stock split?

Flotek Industries shares reverse split on 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.

Who are Flotek Industries' major shareholders?

Flotek Industries' top institutional investors 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.

How do I buy shares of Flotek Industries?

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.

What other stocks do shareholders of Flotek Industries own?

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: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Miscellaneous chemical products
• Sub-Industry: Specialty Chemicals
• Current Symbol: NYSE:FTK
• CUSIP: 34338910
• CIK: 928054
• Web: www.flotekind.com
• Phone: (713) 849-9911
• Fax: 713-466-8386
• 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: +2.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.26
• Trailing P/E Ratio: 28.15
• Forward P/E Ratio: 25.24
• P/E Growth: N/A
• Net Income: $24.71 million
• Net Margins: 4.58%
• Pretax Margin: 4.77%
• Return on Equity: 7.76%
• Return on Assets: 5.19%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.93
• Quick Ratio: 1.64

Sales & Book Value

• Annual Sales: $178.46 million
• Price / Sales: 1.22
• Cash Flow: $0.02 per share
• Price / Cash Flow: 333.96
• Book Value: $3.44 per share
• Price / Book: 2.13

Miscellaneous

• Outstanding Shares: 29,796,000
• Free Float: 27,922,000
• Market Cap: $218.11 million
• Optionable: Optionable
• Beta: 1.24