13,244 Shares in Flotek Industries, Inc. (NYSE:FTK) Bought by Barclays PLC

Barclays PLC acquired a new stake in shares of Flotek Industries, Inc. (NYSE:FTK) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,244 shares of the oil and gas company’s stock, valued at approximately $66,000.

Other hedge funds have also recently bought and sold shares of the company. Sanders Morris Harris LLC bought a new stake in Flotek Industries during the third quarter worth $137,000. PDT Partners LLC purchased a new position in shares of Flotek Industries in the 3rd quarter worth about $86,000. Finally, XTX Topco Ltd bought a new position in Flotek Industries during the third quarter valued at about $53,000. 10.90% of the stock is owned by hedge funds and other institutional investors.

Flotek Industries Trading Down 2.3 %

Shares of FTK stock opened at $8.93 on Friday. Flotek Industries, Inc. has a 12 month low of $2.64 and a 12 month high of $10.35. The firm’s 50 day moving average is $8.00 and its 200 day moving average is $5.80. The stock has a market capitalization of $266.08 million, a P/E ratio of 34.35 and a beta of 1.19.

Flotek Industries (NYSE:FTK) last announced its earnings results on Monday, November 4th. The oil and gas company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $49.74 million for the quarter, compared to analyst estimates of $50.40 million. Flotek Industries had a return on equity of 7.76% and a net margin of 4.58%. During the same period in the prior year, the company earned $0.04 EPS. On average, equities analysts predict that Flotek Industries, Inc. will post 0.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm increased their target price on shares of Flotek Industries from $6.50 to $8.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

About Flotek Industries

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).