Equity Research Analysis: FLOTEK INDUSTRIES INC/CN/ (FTK)
|Blank Capital Research Unit|Spot: $16.01
Price$16.01
Composite Score59.1/100
RatingHOLD (3★)
Rank#776 OF 7,333
Market Cap$436M
Intelligence Feed
MarketBeatJan 30 Neutral
Flotek Industries (NYSE:FTK) Share Price Crosses Above 200-Day Moving Average - What's Next?
Flotek Industries' stock (NYSE:FTK) has surpassed its 200-day moving average, reaching $17.98, signaling potential bullish momentum. The company has received "Buy" ratings from analysts with an average target price of $19.50, driven by recent upgrades and strong quarterly earnings beats. Despite a director selling a significant portion of shares, institutional investors have been increasing their stakes, reflecting mixed but generally positive sentiment.
ADVFNJan 23 Negative
Flotek Industries, Inc. Announces 50.3% Growth in Revenue in Second Quarter 2008
Flotek Industries, Inc. announced a 50.3% increase in revenue for the second quarter of 2008, reaching $56.8 million. This growth was driven by increased drilling activity, expansion in their mud motor fleet, contributions from recent acquisitions, and higher sales of proprietary chemicals. The company also reported a 4.8% increase in net income to $5.1 million and a 40.8% rise in EBITDA, while noting higher SG&A costs and depreciation due to growth and acquisitions.
The Globe and MailJun 11 Positive
Flotek Industries Hits 52-Week High - Will the Momentum Last?
Flotek Industries (FTK) recently hit a fresh 52-week high, surging 200% over the past year due to investor confidence in its transformation strategy, including recurring revenues and global growth. A key driver is the $108 million acquisition of power optimization assets from ProFrac Holding Corp., shifting FTK into a recurring-revenue, data-focused business model. The company's strong financial performance, international expansion, and entry into the Russell 3000 Index position it for continued growth, despite a high valuation compared to its subindustry average.
Insider MonkeyMay 9 Negative
Why Flotek Industries, Inc. (FTK) Stock is Skyrocketing This Week
Flotek Industries, Inc. (FTK) stock has surged 54.52% this week, driven by its strong Q1 2025 financial results. The company reported a 244% year-over-year increase in net income to $5.38 million and a 37% rise in revenue to $55.36 million, significantly beating analyst estimates. This performance positions FTK as a top-gaining energy stock, bolstered by growth in external chemistry and data analytics revenue, along with strategic acquisitions and contracts.
BenzingaNov 17 Negative
Why NetEase Shares Are Trading Lower; Here Are 25 Stocks Moving Premarket
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