Flotek Industries (NYSE:FTK) Shares Gap Up – Here’s What Happened

Flotek Industries, Inc. (NYSE:FTK) gapped up before the market opened on Wednesday . The stock had previously closed at $24.37, but opened at $26.93. Flotek Industries shares last traded at $27.2550, with a volume of 107,928 shares traded.

More Flotek Industries News

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

• Positive Sentiment: Flotek raised its 2026 revenue forecast to $360 million-$370 million, above the prior outlook and the roughly $345.4 million FactSet consensus estimate. The company also increased its adjusted EBITDA guidance, citing continued strength in international chemistry sales. Flotek Raises 2026 Guidance Again on Continued Strength of International Sales
• Positive Sentiment: The upgraded outlook signals better-than-expected demand for Flotek’s chemistry products and improved expectations for full-year operating performance, providing the primary catalyst for the stock’s advance. Flotek Raises Guidance for 2026 Revenue and EBITDA
• Neutral Sentiment: Several investor-rights law firms continued publicizing a securities class action against Flotek. The litigation concerns investors who purchased shares primarily between August 3 and August 17, 2026, with October 26 cited as the lead-plaintiff deadline. These announcements largely repeat previously reported information rather than represent a new operating development. Flotek Securities Class Action Deadline Alert
• Negative Sentiment: The complaints and related alerts allege that Flotek’s previously announced $400 million Puerto Rico power contract was terminated or had already been canceled, after the stock reached elevated levels. If sustained, the allegations could increase legal, reputational and investor-confidence risks. Rosen Flotek Securities Class Action Alert

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FTK. 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. Weiss Ratings cut shares of Flotek Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.33.

Flotek Industries Trading Up 7.9%

The company’s 50 day moving average price is $26.57 and its 200 day moving average price is $21.43. 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 cap of $952.40 million, a PE ratio of 26.56 and a beta of 1.47.

Flotek Industries (NYSE:FTK) last posted its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The company had revenue of $99.37 million for the quarter, compared to analyst estimates of $69.51 million. Flotek Industries had a return on equity of 21.57% and a net margin of 12.97%. As a group, analysts forecast that Flotek Industries, Inc. will post 0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Flotek Industries

Institutional investors have recently modified their holdings of the business. Quarry LP increased its stake in Flotek Industries by 97.2% in the third 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 during the period. California State Teachers Retirement System grew its holdings in shares of Flotek Industries by 510.1% during the second quarter. California State Teachers Retirement System now owns 4,704 shares of the oil and gas company’s stock worth $111,000 after buying an additional 3,933 shares during the last quarter. New York State Common Retirement Fund purchased a new position in shares of Flotek Industries during the second quarter worth about $102,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Flotek Industries in the 2nd quarter valued at about $115,000. Finally, Deutsche Bank AG acquired a new position in Flotek Industries in the 4th quarter valued at about $150,000. 10.90% of the stock is owned by institutional investors and hedge funds.

About Flotek Industries

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.