Research Analysts Set Expectations for FTK FY2025 Earnings

Flotek Industries, Inc. (NYSE:FTK) – Singular Research issued their FY2025 earnings estimates for Flotek Industries in a research note issued to investors on Tuesday, November 11th. Singular Research analyst G. Sriharan anticipates that the oil and gas company will earn $0.70 per share for the year. The consensus estimate for Flotek Industries’ current full-year earnings is $0.29 per share.

Flotek Industries (NYSE:FTK) last released its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. Flotek Industries had a net margin of 6.59% and a return on equity of 17.67%. The business had revenue of $56.03 million for the quarter, compared to analyst estimates of $52.90 million. Flotek Industries has set its FY 2025 guidance at EPS.

Other equities research analysts have also issued research reports about the company. Northland Securities raised Flotek Industries from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a research report on Wednesday, August 6th. Wall Street Zen raised shares of Flotek Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Northland Capmk upgraded shares of Flotek Industries from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Flotek Industries in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $17.50.

Flotek Industries Stock Down 2.4%

Shares of FTK stock opened at $14.91 on Friday. Flotek Industries has a 12-month low of $6.05 and a 12-month high of $18.96. The company has a quick ratio of 1.36, a current ratio of 1.59 and a debt-to-equity ratio of 0.55. The firm has a fifty day moving average of $14.81 and a 200-day moving average of $13.67. The company has a market capitalization of $448.16 million, a price-to-earnings ratio of 33.89 and a beta of 1.17.

Institutional Trading of Flotek Industries

A number of large investors have recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Flotek Industries during the 2nd quarter worth about $50,000. Victory Capital Management Inc. bought a new position in Flotek Industries during the first quarter worth about $96,000. New York State Common Retirement Fund acquired a new position in Flotek Industries during the second quarter worth approximately $102,000. Bard Associates Inc. bought a new stake in Flotek Industries in the first quarter valued at approximately $111,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Flotek Industries in the second quarter valued at approximately $115,000. Institutional investors and hedge funds own 10.90% of the company’s stock.

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).