Flotek Industries (NYSE:FTK) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Posted by Stanley Muller on Jul 9th, 2026

Flotek Industries, Inc. (NYSE:FTK – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.40 and traded as high as $23.67. Flotek Industries shares last traded at $22.4080, with a volume of 252,292 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on FTK shares. Weiss Ratings upgraded Flotek Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. JonesTrading initiated coverage on shares of Flotek Industries in a research report on Thursday. They issued a “buy” rating and a $40.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Flotek Industries presently has a consensus rating of “Moderate Buy” and an average target price of $28.33.

Get Our Latest Stock Report on FTK

Flotek Industries Trading Up 8.6%

The stock has a market cap of $907.07 million, a P/E ratio of 32.14 and a beta of 1.43. 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 stock’s fifty day moving average is $21.16 and its 200 day moving average is $18.45.

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

Insider Buying and Selling at Flotek Industries

In other news, CFO James Bond Clement sold 12,554 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $20.08, for a total transaction of $252,084.32. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Flotek Industries

A number of institutional investors have recently bought and sold shares of the stock. Millennium Management LLC boosted its stake in Flotek Industries by 304.4% during the third quarter. Millennium Management LLC now owns 809,398 shares of the oil and gas company’s stock worth $11,817,000 after buying an additional 609,268 shares during the period. Invesco Ltd. purchased a new stake in shares of Flotek Industries in the second quarter valued at $4,436,000. Dimensional Fund Advisors LP lifted its holdings in shares of Flotek Industries by 71.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 691,593 shares of the oil and gas company’s stock worth $11,736,000 after acquiring an additional 288,064 shares during the last quarter. Manatuck Hill Partners LLC bought a new stake in shares of Flotek Industries in the 3rd quarter worth about $3,854,000. Finally, UBS Group AG boosted its stake in shares of Flotek Industries by 512.8% during the 3rd quarter. UBS Group AG now owns 232,966 shares of the oil and gas company’s stock worth $3,401,000 after purchasing an additional 194,951 shares during the period. 10.90% of the stock is currently owned by institutional investors.

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.