Flotek Industries (NYSE:FTK) Announces Quarterly Earnings Results

Flotek Industries (NYSE:FTK) released its quarterly earnings data on Monday. The oil and gas company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04, Zacks reports. Flotek Industries had a net margin of 4.58% and a return on equity of 7.76%. The firm had revenue of $50.76 million for the quarter, compared to the consensus estimate of $50.08 million. During the same quarter in the prior year, the company posted $0.07 earnings per share.

Flotek Industries Price Performance

NYSE FTK opened at $7.39 on Wednesday. Flotek Industries has a 1 year low of $2.68 and a 1 year high of $10.35. The firm has a market cap of $220.04 million, a price-to-earnings ratio of 28.40 and a beta of 1.21. The company has a fifty day moving average price of $8.63 and a 200-day moving average price of $7.02.

Flotek Industries Company Profile

Flotek Industries, Inc operates as a technology-driven green chemistry and data company that serves customers across industrial and commercial markets in the United States, the United Arab Emirates, and internationally. It operates through two segments: Chemistry Technologies (CT) and Data Analytics (DA).