Roth Capital Forecasts Higher Earnings for Flotek Industries

Flotek Industries, Inc. (NYSE:FTK) – Equities researchers at Roth Capital increased their FY2025 earnings estimates for shares of Flotek Industries in a research note issued on Tuesday, November 11th. Roth Capital analyst G. Sweeney now anticipates that the oil and gas company will earn $0.71 per share for the year, up from their prior forecast of $0.66. The consensus estimate for Flotek Industries’ current full-year earnings is $0.29 per share.

Several other research firms have also commented on FTK. Northland Securities raised shares of Flotek Industries from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a research report on Wednesday, August 6th. Wall Street Zen raised Flotek Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Flotek Industries in a report on Wednesday, October 8th. Finally, Northland Capmk raised shares of Flotek Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $17.50.

Flotek Industries Trading Down 2.4%

Shares of NYSE:FTK opened at $14.91 on Friday. The company has a market capitalization of $448.16 million, a PE ratio of 33.89 and a beta of 1.17. The company has a current ratio of 1.59, a quick ratio of 1.36 and a debt-to-equity ratio of 0.55. Flotek Industries has a 12-month low of $6.05 and a 12-month high of $18.96. The business’s fifty day simple moving average is $14.81 and its 200-day simple moving average is $13.67.

Flotek Industries (NYSE:FTK) last posted its earnings results on Tuesday, November 4th. The oil and gas company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The business had revenue of $56.03 million for the quarter, compared to the consensus estimate of $52.90 million. Flotek Industries had a net margin of 6.59% and a return on equity of 17.67%. Flotek Industries has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Flotek Industries

Institutional investors have recently bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Flotek Industries by 3.6% in the third quarter. Rhumbline Advisers now owns 22,400 shares of the oil and gas company’s stock valued at $327,000 after acquiring an additional 770 shares in the last quarter. Informed Momentum Co LLC raised its stake in Flotek Industries by 1.4% in the 1st quarter. Informed Momentum Co LLC now owns 100,105 shares of the oil and gas company’s stock valued at $834,000 after purchasing an additional 1,380 shares during the last quarter. Jefferies Financial Group Inc. lifted its holdings in Flotek Industries by 3.2% in the 1st quarter. Jefferies Financial Group Inc. now owns 51,581 shares of the oil and gas company’s stock valued at $430,000 after purchasing an additional 1,581 shares in the last quarter. Ritholtz Wealth Management boosted its stake in Flotek Industries by 3.7% during the 2nd quarter. Ritholtz Wealth Management now owns 81,027 shares of the oil and gas company’s stock worth $1,196,000 after purchasing an additional 2,901 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Flotek Industries during the second quarter worth $50,000. 10.90% of the stock is currently owned by institutional investors and hedge funds.

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).