Flotek Industries (NYSE:FTK) Director Matthew Wilks Acquires 1,319,493 Shares

Posted by Geri Gentry on Sep 16th, 2026

Flotek Industries, Inc. (NYSE:FTK – Get Free Report) Director Matthew Wilks bought 1,319,493 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average cost of $26.01 per share, for a total transaction of $34,320,012.93. Following the transaction, the director directly owned 1,477,285 shares of the company’s stock, valued at $38,424,182.85. This trade represents a 836.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Flotek Industries Stock Performance

NYSE FTK opened at $26.93 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.78 and a quick ratio of 1.50. The firm has a market capitalization of $975.55 million, a price-to-earnings ratio of 27.21 and a beta of 1.47. The company’s fifty day moving average is $27.01 and its two-hundred day moving average is $21.80. Flotek Industries, Inc. has a 52-week low of $11.50 and a 52-week high of $39.67.

Flotek Industries (NYSE:FTK – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The business had revenue of $99.37 million during the quarter, compared to analyst estimates of $69.51 million. Flotek Industries had a net margin of 12.97% and a return on equity of 21.57%. Equities research analysts forecast that Flotek Industries, Inc. will post 0.76 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Weiss Ratings cut Flotek Industries from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Lake Street Capital boosted their price objective on Flotek Industries from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, JonesTrading assumed coverage on Flotek Industries in a research note on Thursday, July 9th. They issued a “buy” rating and a $40.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.67.

Get Our Latest Stock Analysis on Flotek Industries

More Flotek Industries News

Here are the key news stories impacting Flotek Industries this week:

Positive Sentiment: Lake Street raises price target to $44 and reiterates Buy. The new target implies substantial upside from the referenced share price and signals confidence in Flotek’s outlook despite recent volatility. Lake Street Capital price target report
Positive Sentiment: FY2027 EPS estimates were increased. The upward revision suggests at least one analyst sees improving future profitability, which could help support investor sentiment. FY2027 EPS estimate report
Neutral Sentiment: Multiple law firms are seeking lead plaintiffs for the same securities class action. Investors who purchased Flotek securities generally between August 3 and August 14 or 17, 2026, have until October 26, 2026 to seek lead-plaintiff status. The notices largely repeat one another rather than represent separate lawsuits. Faruqi and Faruqi class action notice
Negative Sentiment: The litigation alleges Flotek made misleading disclosures about a roughly $400 million Puerto Rico PREPA contract. Claims reportedly focus on undisclosed doubts about consortium-partner capacity, an allegedly unauthorized signature, and the involvement of a convicted felon. The agreement’s unwind previously caused shares to fall nearly 30%, and the ongoing legal exposure may continue weighing on investor confidence. The allegations have not been proven. Flotek PREPA contract class action notice

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Aristides Capital LLC grew its stake in shares of Flotek Industries by 4.6% during the fourth quarter. Aristides Capital LLC now owns 31,390 shares of the oil and gas company’s stock valued at $541,000 after purchasing an additional 1,390 shares during the last quarter. Principal Financial Group Inc. raised its position in Flotek Industries by 10.4% in the 1st quarter. Principal Financial Group Inc. now owns 80,480 shares of the oil and gas company’s stock worth $1,366,000 after purchasing an additional 7,564 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in Flotek Industries in the 1st quarter worth approximately $272,000. Manatuck Hill Partners LLC lifted its holdings in Flotek Industries by 9.5% during the 4th quarter. Manatuck Hill Partners LLC now owns 289,000 shares of the oil and gas company’s stock worth $4,979,000 after buying an additional 25,000 shares in the last quarter. Finally, AWM Investment Company Inc. acquired a new position in Flotek Industries during the 2nd quarter worth $706,000. 10.90% of the stock is currently owned by institutional investors and hedge funds.

Flotek Industries Company Profile

(Get Free Report)

Flotek Industries, Inc is a Houston, Texas-based technology company that develops and commercializes specialty green chemistry solutions. Its products are designed to help customers improve operational efficiency, reduce environmental impacts and manage resource use across energy, industrial and consumer applications.

The company’s principal offerings serve the oil and gas industry, including chemistry technologies used in well completion, production and other field operations. Flotek’s CnF® technology is a flagship product line intended to enhance hydrocarbon recovery while supporting efforts to reduce emissions, water consumption and the use of conventional chemical additives.