Flotek Industries, Inc. (NYSE:FTK – Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totalling 533,900 shares, an increase of 7.3% from the August 31st total of 497,600 shares. Based on an average trading volume of 112,000 shares, the days-to-cover ratio is presently 4.8 days. Currently, 1.9% of the company’s stock are short sold.
Flotek Industries Price Performance
Shares of FTK opened at $4.93 on Monday. Flotek Industries has a 1-year low of $2.64 and a 1-year high of $5.61. The company has a market capitalization of $146.21 million, a P/E ratio of 123.25 and a beta of 1.03. The firm’s 50 day simple moving average is $4.44 and its 200 day simple moving average is $4.18.
Flotek Industries (NYSE:FTK – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $46.15 million during the quarter, compared to analyst estimates of $46.60 million. Flotek Industries had a net margin of 3.94% and a return on equity of 6.73%. During the same period in the previous year, the business posted ($0.24) EPS. On average, equities analysts anticipate that Flotek Industries will post 0.27 earnings per share for the current year.
Institutional Investors Weigh In On Flotek Industries
Analyst Upgrades and Downgrades
FTK has been the subject of several analyst reports. Roth Mkm started coverage on shares of Flotek Industries in a report on Thursday, July 25th. They issued a “buy” rating and a $6.50 target price for the company. Roth Capital upgraded shares of Flotek Industries to a “strong-buy” rating in a research note on Thursday, July 25th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $6.75.
View Our Latest Report on Flotek Industries
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).
Further Reading
- Five stocks we like better than Flotek Industries
- Consumer Discretionary Stocks Explained
- Salesforce Stock Gets a Wall Street Boost, Cloud Businesses Back?
- The How and Why of Investing in Gold Stocks
- 3 Multi-Bagger Stocks to Buy Now for Explosive Growth
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Capricor Therapeutics Is Up Over 100%, Could Rise Even Higher
Receive News & Ratings for Flotek Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flotek Industries and related companies with MarketBeat.com's FREE daily email newsletter.