Flotek Industries, Inc. (NYSE:FTK – Get Free Report) major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $26.01, for a total transaction of $60,000,024.06. Following the sale, the insider directly owned 3,693,194 shares in the company, valued at approximately $96,059,975.94. The trade was a 38.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Flotek Industries Stock Up 2.3%
Shares of NYSE:FTK traded up $0.59 during trading on Tuesday, hitting $26.93. 281,226 shares of the company were exchanged, compared to its average volume of 538,229. Flotek Industries, Inc. has a 12-month low of $11.50 and a 12-month high of $39.67. The stock has a market capitalization of $975.55 million, a P/E ratio of 27.21 and a beta of 1.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.78 and a quick ratio of 1.50. The firm’s 50 day moving average price is $27.01 and its 200-day moving average price is $21.80.
Flotek Industries (NYSE:FTK – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. Flotek Industries had a return on equity of 21.57% and a net margin of 12.97%.The company had revenue of $99.37 million for the quarter, compared to analyst estimates of $69.51 million. On average, research analysts predict that Flotek Industries, Inc. will post 0.76 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Flotek Industries
More Flotek Industries News
Here are the key news stories impacting Flotek Industries this week:
- Positive Sentiment: Lake Street raises price target to $44 and reiterates Buy. The new target implies substantial upside from the referenced share price and signals confidence in Flotek’s outlook despite recent volatility. Lake Street Capital price target report
- Positive Sentiment: FY2027 EPS estimates were increased. The upward revision suggests at least one analyst sees improving future profitability, which could help support investor sentiment. FY2027 EPS estimate report
- Neutral Sentiment: Multiple law firms are seeking lead plaintiffs for the same securities class action. Investors who purchased Flotek securities generally between August 3 and August 14 or 17, 2026, have until October 26, 2026 to seek lead-plaintiff status. The notices largely repeat one another rather than represent separate lawsuits. Faruqi and Faruqi class action notice
- Negative Sentiment: The litigation alleges Flotek made misleading disclosures about a roughly $400 million Puerto Rico PREPA contract. Claims reportedly focus on undisclosed doubts about consortium-partner capacity, an allegedly unauthorized signature, and the involvement of a convicted felon. The agreement’s unwind previously caused shares to fall nearly 30%, and the ongoing legal exposure may continue weighing on investor confidence. The allegations have not been proven. Flotek PREPA contract class action notice
Wall Street Analyst Weigh In
A number of research analysts have commented on FTK shares. Weiss Ratings lowered shares of Flotek Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Lake Street Capital increased their target price on shares of Flotek Industries from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JonesTrading assumed coverage on Flotek Industries in a report on Thursday, July 9th. They set a “buy” rating and a $40.00 price target on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.67.
View Our Latest Stock Analysis on FTK
Flotek Industries Company Profile
Flotek Industries, Inc is a Houston, Texas-based technology company that develops and commercializes specialty green chemistry solutions. Its products are designed to help customers improve operational efficiency, reduce environmental impacts and manage resource use across energy, industrial and consumer applications.
The company’s principal offerings serve the oil and gas industry, including chemistry technologies used in well completion, production and other field operations. Flotek’s CnF® technology is a flagship product line intended to enhance hydrocarbon recovery while supporting efforts to reduce emissions, water consumption and the use of conventional chemical additives.
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