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

Barclays PLC purchased a new stake in shares of Flotek Industries, Inc. (NYSE:FTK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,244 shares of the oil and gas company’s stock, valued at approximately $66,000.

A number of other hedge funds have also modified their holdings of the company. XTX Topco Ltd bought a new stake in Flotek Industries during the 3rd quarter valued at approximately $53,000. PDT Partners LLC purchased a new stake in Flotek Industries during the 3rd quarter valued at approximately $86,000. Sanders Morris Harris LLC purchased a new position in shares of Flotek Industries in the third quarter worth $137,000. Finally, Geode Capital Management LLC boosted its position in shares of Flotek Industries by 108.1% during the third quarter. Geode Capital Management LLC now owns 297,483 shares of the oil and gas company’s stock worth $1,483,000 after acquiring an additional 154,497 shares during the last quarter. 10.90% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Flotek Industries Stock Performance

NYSE FTK opened at $8.78 on Friday. The stock has a 50 day moving average price of $8.55 and a 200-day moving average price of $6.14. Flotek Industries, Inc. has a one year low of $2.64 and a one year high of $10.35. The company has a market capitalization of $261.73 million, a P/E ratio of 33.78 and a beta of 1.19.

Flotek Industries (NYSE:FTK) last issued its quarterly earnings data on Monday, November 4th. The oil and gas company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Flotek Industries had a net margin of 4.58% and a return on equity of 7.76%. The business had revenue of $49.74 million during the quarter, compared to analysts’ expectations of $50.40 million. During the same period last year, the company posted $0.04 EPS. As a group, equities analysts predict that Flotek Industries, Inc. will post 0.29 EPS for the current fiscal year.

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).