D Orazio & Associates Inc. Takes Position in Flotek Industries, Inc. $FTK

D Orazio & Associates Inc. purchased a new position in shares of Flotek Industries, Inc. (NYSE:FTK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,394 shares of the oil and gas company’s stock, valued at approximately $153,000.

Several other large investors have also bought and sold shares of FTK. Police & Firemen s Retirement System of New Jersey acquired a new stake in Flotek Industries during the 2nd quarter worth $50,000. Victory Capital Management Inc. bought a new position in shares of Flotek Industries in the 1st quarter worth $96,000. Bard Associates Inc. bought a new position in shares of Flotek Industries in the 1st quarter worth $111,000. EntryPoint Capital LLC acquired a new stake in shares of Flotek Industries during the first quarter worth $204,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Flotek Industries in the second quarter valued at about $229,000. 10.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Flotek Industries Price Performance

Shares of FTK opened at $14.91 on Friday. The stock has a 50 day simple moving average of $14.81 and a 200 day simple moving average of $13.67. Flotek Industries, Inc. has a 52-week low of $6.05 and a 52-week high of $18.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.36 and a current ratio of 1.59. The firm has a market capitalization of $445.18 million, a PE ratio of 33.89 and a beta of 1.17.

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