Flotek Industries (NYSE:FTK) Shares Gap Up on Strong Earnings

Posted by Brian Himes on Nov 4th, 2026

Flotek Industries, Inc. (NYSE:FTK – Get Free Report) gapped up before the market opened on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $24.84, but opened at $29.80. Flotek Industries shares last traded at $25.6370, with a volume of 169,388 shares traded.

The oil and gas company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.21 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 $114.35 million for the quarter, compared to analysts’ expectations of $94.36 million.

Analysts Set New Price Targets

FTK has been the topic of a number of research reports. Zacks Research raised shares of Flotek Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Weiss Ratings lowered shares of Flotek Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Lake Street Capital boosted their price objective on shares of Flotek Industries from $40.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Finally, JonesTrading began coverage on Flotek Industries in a report on Thursday, July 9th. They issued a “buy” rating and a $40.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $34.67.

Check Out Our Latest Stock Analysis on FTK

Insider Buying and Selling

In related news, Director Matthew Wilks acquired 1,319,493 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average cost of $26.01 per share, with a total value of $34,320,012.93. Following the completion of the purchase, the director directly owned 1,477,285 shares in the company, valued at $38,424,182.85. The trade was a 836.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $26.01, for a total value of $60,000,024.06. Following the completion of the sale, the insider owned 3,693,194 shares in the company, valued at $96,059,975.94. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in Flotek Industries in the third quarter valued at $37,000. Vise Technologies Inc. bought a new stake in Flotek Industries during the third quarter valued at $209,000. Prosperitas Financial LLC bought a new stake in Flotek Industries during the third quarter valued at $251,000. Alps Advisors Inc. acquired a new stake in Flotek Industries during the 3rd quarter worth about $646,000. Finally, Inspire Investing LLC acquired a new stake in Flotek Industries during the 3rd quarter worth about $656,000. Institutional investors and hedge funds own 10.90% of the company’s stock.

Flotek Industries Stock Performance

The stock has a fifty day simple moving average of $26.53 and a two-hundred day simple moving average of $22.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.50 and a current ratio of 1.78. The stock has a market capitalization of $920.53 million, a price-to-earnings ratio of 25.67 and a beta of 1.55.

About Flotek Industries

(Get Free Report)

Flotek Industries, Inc is a technology-driven company that develops chemistry and data solutions for the energy and industrial markets. Its offerings are designed to help customers improve operational performance, manage environmental impacts and use resources more efficiently.

Through its Chemistry Technologies business, Flotek provides proprietary green chemistry products for oil and natural gas exploration and production, industrial water treatment and other industrial applications.