Flotek Industries (NYSE:FTK) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Posted by Brian Himes on Aug 4th, 2026

Flotek Industries (NYSE:FTK – Get Free Report) posted its quarterly earnings data on Tuesday. The oil and gas company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13, Zacks reports. Flotek Industries had a return on equity of 20.70% and a net margin of 11.83%.

Flotek Industries Trading Up 6.8%

NYSE FTK traded up $1.82 during mid-day trading on Tuesday, reaching $28.58. 689,926 shares of the stock were exchanged, compared to its average volume of 308,165. Flotek Industries has a one year low of $10.95 and a one year high of $28.68. The stock has a 50 day simple moving average of $23.70 and a 200-day simple moving average of $19.40. The stock has a market cap of $1.03 billion, a P/E ratio of 36.64 and a beta of 1.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.83 and a quick ratio of 1.62.

Insider Buying and Selling

In other Flotek Industries news, CFO James Bond Clement sold 12,554 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $20.08, for a total transaction of $252,084.32. Following the sale, the chief financial officer owned 115,324 shares of the company’s stock, valued at approximately $2,315,705.92. This represents a 9.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FTK. Quarry LP boosted its position in shares of Flotek Industries by 97.2% during the 3rd quarter. Quarry LP now owns 3,855 shares of the oil and gas company’s stock valued at $56,000 after purchasing an additional 1,900 shares in the last quarter. New York State Common Retirement Fund acquired a new position in Flotek Industries in the second quarter valued at approximately $102,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Flotek Industries during the 2nd quarter worth approximately $115,000. Deutsche Bank AG bought a new position in shares of Flotek Industries during the 4th quarter worth approximately $150,000. Finally, Mangrove Partners IM LLC bought a new position in shares of Flotek Industries during the 4th quarter worth approximately $177,000. 10.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on FTK shares. JonesTrading assumed coverage on Flotek Industries in a research report on Thursday, July 9th. They issued a “buy” rating and a $40.00 price target on the stock. Weiss Ratings upgraded Flotek Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research report 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.33.

View Our Latest Analysis on FTK

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.