FY2026 EPS Forecast for Flotek Industries Boosted by Analyst

Flotek Industries, Inc. (NYSE:FTK) – Northland Securities raised their FY2026 earnings per share (EPS) estimates for shares of Flotek Industries in a research note issued on Thursday, November 5th. Northland Securities analyst J. Grampp now anticipates that the oil and gas company will post earnings of $1.03 per share for the year, up from their previous estimate of $0.82. The consensus estimate for Flotek Industries’ current full-year earnings is $0.90 per share. Northland Securities also issued estimates for Flotek Industries’ Q1 2027 earnings at $0.29 EPS, Q2 2027 earnings at $0.40 EPS, Q3 2027 earnings at $0.41 EPS, Q4 2027 earnings at $0.42 EPS and FY2027 earnings at $1.52 EPS.

FTK has been the topic of several other reports. Lake Street Capital increased their price objective on shares of Flotek Industries from $40.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, September 15th. Zacks Research raised shares of Flotek Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Finally, Weiss Ratings cut shares of Flotek Industries from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, Flotek Industries currently has an average rating of “Buy” and an average target price of $34.67.

Flotek Industries Trading Down 2.0%

FTK opened at $25.47 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.30 and a quick ratio of 1.94. The company has a market cap of $923.91 million, a price-to-earnings ratio of 31.83 and a beta of 1.55. The firm has a 50 day simple moving average of $26.60 and a 200 day simple moving average of $22.32. Flotek Industries has a fifty-two week low of $13.19 and a fifty-two week high of $39.67.

Flotek Industries (NYSE:FTK) last issued its earnings results on Tuesday, November 3rd. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.13. The company had revenue of $114.35 million for the quarter, compared to analyst estimates of $94.36 million. Flotek Industries had a net margin of 8.81% and a return on equity of 24.56%.

Insider Buying and Selling

In other news, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $26.01, for a total transaction of $60,000,024.06. Following the completion of the sale, the insider owned 3,693,194 shares of the company’s stock, valued at $96,059,975.94. This represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew Wilks acquired 1,319,493 shares of the stock in a transaction dated Friday, September 11th. The shares were bought at an average cost of $26.01 per share, with a total value of $34,320,012.93. Following the transaction, the director directly owned 1,477,285 shares of the company’s stock, valued at $38,424,182.85. This represents a 836.22% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 2.40% of the company’s stock.

Hedge Funds Weigh In On Flotek Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cibc World Market Inc. acquired a new stake in shares of Flotek Industries in the 3rd quarter valued at about $450,000. Russell Investments Group Ltd. lifted its holdings in shares of Flotek Industries by 11.1% in the third quarter. Russell Investments Group Ltd. now owns 77,009 shares of the oil and gas company’s stock valued at $2,258,000 after purchasing an additional 7,685 shares in the last quarter. Alps Advisors Inc. acquired a new position in shares of Flotek Industries during the third quarter worth about $646,000. Vise Technologies Inc. acquired a new position in shares of Flotek Industries during the third quarter worth about $209,000. Finally, Prosperitas Financial LLC acquired a new position in shares of Flotek Industries during the third quarter worth about $251,000. 10.90% of the stock is owned by institutional investors and hedge funds.

About Flotek Industries

Flotek Industries is a technology-focused company serving the energy industry with specialty chemistry and data analytics. Its energy chemistry business develops and supplies chemical products used in oil and natural gas drilling, completion, production and other well operations. Through its data analytics business, Flotek provides measurement and analytical services that help energy customers monitor production and make operational decisions. Its offerings combine field data with laboratory analysis and chemistry expertise.