Flotek Industries (NYSE:FTK) Trading Up 29.7% After Better-Than-Expected Earnings

Posted by George Bondi on Aug 5th, 2026

Flotek Industries, Inc. (NYSE:FTK – Get Free Report) shares were up 29.7% during trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $37.15 and last traded at $36.58. 228,688 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 307,150 shares. The stock had previously closed at $28.21.

The oil and gas company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.13 by $0.13. Flotek Industries had a return on equity of 20.70% and a net margin of 11.83%.The firm had revenue of $99.37 million during the quarter, compared to the consensus estimate of $69.51 million.

Analysts Set New Price Targets

Several brokerages recently weighed in on FTK. Weiss Ratings raised Flotek Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, May 13th. JonesTrading initiated coverage on shares of Flotek Industries in a research note on Thursday, July 9th. They issued a “buy” rating and a $40.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

View Our Latest Stock Analysis on Flotek Industries

Insiders Place Their Bets

In other Flotek Industries news, CFO James Bond Clement sold 12,554 shares of Flotek Industries stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $20.08, for a total value of $252,084.32. Following the sale, the chief financial officer owned 115,324 shares of the company’s stock, valued at approximately $2,315,705.92. The trade was a 9.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Flotek Industries

Several hedge funds have recently modified their holdings of FTK. Quarry LP boosted its stake in shares of Flotek Industries by 97.2% in the third quarter. Quarry LP now owns 3,855 shares of the oil and gas company’s stock valued at $56,000 after buying an additional 1,900 shares in the last quarter. New York State Common Retirement Fund purchased a new position in Flotek Industries in the second quarter worth $102,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Flotek Industries in the second quarter valued at $115,000. Deutsche Bank AG acquired a new stake in Flotek Industries in the fourth quarter valued at $150,000. Finally, Mangrove Partners IM LLC purchased a new stake in shares of Flotek Industries during the 4th quarter worth $177,000. 10.90% of the stock is owned by institutional investors and hedge funds.

Flotek Industries Stock Up 29.1%

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.62 and a current ratio of 1.83. The company has a market capitalization of $1.32 billion, a PE ratio of 46.69 and a beta of 1.43. The firm’s 50-day simple moving average is $23.88 and its 200 day simple moving average is $19.49.

Flotek Industries Company Profile

(Get Free Report)

Flotek Industries, Inc (NYSE: FTK) is a Houston-based oilfield services provider specializing in innovative chemical technologies for the upstream energy sector. The company develops, manufactures and markets specialty drilling fluids, completion fluids and production chemicals that enhance drilling efficiency, optimize well performance and mitigate operational risks. Flotek’s solutions are designed to improve drilling rates of penetration, reduce nonproductive time and address challenging downhole environments, including high-pressure/high-temperature wells and sour service conditions.

Flotek’s operations are organized into three core business segments: Drilling & Completion Fluids, Production Chemicals & Process Management, and Water Solutions.