Flotek Industries (NYSE:FTK) Reaches New 52-Week High – What’s Next?

Posted by Brian Himes on May 22nd, 2026

Flotek Industries, Inc. (NYSE:FTK – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $20.70 and last traded at $20.4860, with a volume of 30824 shares traded. The stock had previously closed at $19.90.

Analysts Set New Price Targets

A number of research firms have commented on FTK. Lake Street Capital began coverage on Flotek Industries in a research note on Thursday, January 29th. They set a “buy” rating and a $25.00 price target on the stock. Zacks Research cut Flotek Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Finally, Weiss Ratings upgraded Flotek Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.33.

Read Our Latest Stock Analysis on FTK

Flotek Industries Stock Performance

The firm has a market capitalization of $722.27 million, a price-to-earnings ratio of 25.52 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.62. The firm has a 50 day moving average price of $17.02 and a 200-day moving average price of $16.69.

Flotek Industries (NYSE:FTK – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $70.05 million during the quarter, compared to analyst estimates of $63.08 million. Flotek Industries had a net margin of 11.83% and a return on equity of 20.70%. As a group, sell-side analysts expect that Flotek Industries, Inc. will post 0.6 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO James Bond Clement sold 12,554 shares of the stock in a transaction 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 directly owned 115,324 shares in the company, valued at approximately $2,315,705.92. This trade represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Flotek Industries

Several large investors have recently bought and sold shares of the business. Masters Capital Management LLC increased its holdings in Flotek Industries by 8.9% in the first quarter. Masters Capital Management LLC now owns 1,089,438 shares of the oil and gas company’s stock valued at $18,488,000 after buying an additional 89,438 shares during the last quarter. Millennium Management LLC increased its holdings in Flotek Industries by 304.4% in the third quarter. Millennium Management LLC now owns 809,398 shares of the oil and gas company’s stock valued at $11,817,000 after buying an additional 609,268 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Flotek Industries by 71.4% in the first quarter. Dimensional Fund Advisors LP now owns 691,593 shares of the oil and gas company’s stock valued at $11,736,000 after buying an additional 288,064 shares during the last quarter. Royce & Associates LP increased its holdings in Flotek Industries by 41.6% in the fourth quarter. Royce & Associates LP now owns 507,125 shares of the oil and gas company’s stock valued at $8,738,000 after buying an additional 148,876 shares during the last quarter. Finally, Invesco Ltd. purchased a new position in Flotek Industries in the second quarter valued at $4,436,000. Hedge funds and other institutional investors own 10.90% of the company’s stock.

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.