Q4 Earnings Estimate for FTK Issued By Northland Securities

Flotek Industries, Inc. (NYSE:FTK) – Analysts at Northland Securities upped their Q4 2026 earnings per share estimates for shares of Flotek Industries in a research note issued to investors on Thursday, November 5th. Northland Securities analyst J. Grampp now anticipates that the oil and gas company will post earnings of $0.30 per share for the quarter, up from their previous estimate of $0.21. The consensus estimate for Flotek Industries’ current full-year earnings is $0.79 per share.

Other equities analysts have also recently issued reports about the stock. Lake Street Capital lifted their price objective on shares of Flotek Industries from $40.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. JonesTrading began coverage on shares of Flotek Industries in a research report on Thursday, July 9th. They issued a “buy” rating and a $40.00 price objective on the stock. Weiss Ratings cut shares of Flotek Industries from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 30th. Finally, Zacks Research upgraded shares of Flotek Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $34.67.

Flotek Industries Stock Down 9.9%

FTK opened at $22.27 on Friday. Flotek Industries has a 1-year low of $13.19 and a 1-year high of $39.67. The stock’s fifty day simple moving average is $26.52 and its 200 day simple moving average is $22.19. The company has a current ratio of 2.30, a quick ratio of 1.50 and a debt-to-equity ratio of 0.49. The stock has a market cap of $806.44 million, a PE ratio of 27.83 and a beta of 1.55.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Flotek Industries by 71.4% during the first quarter. Dimensional Fund Advisors LP now owns 691,593 shares of the oil and gas company’s stock worth $11,736,000 after buying an additional 288,064 shares in the last quarter. Masters Capital Management LLC boosted its position in shares of Flotek Industries by 8.9% in the first quarter. Masters Capital Management LLC now owns 1,089,438 shares of the oil and gas company’s stock valued at $18,488,000 after acquiring an additional 89,438 shares during the period. Round Rock Advisors LLC grew its stake in shares of Flotek Industries by 203.4% in the second quarter. Round Rock Advisors LLC now owns 81,471 shares of the oil and gas company’s stock valued at $1,916,000 after acquiring an additional 54,620 shares in the last quarter. Range Financial Group LLC acquired a new position in shares of Flotek Industries in the third quarter valued at about $1,560,000. Finally, Kornitzer Capital Management Inc. KS bought a new position in Flotek Industries during the first quarter worth about $876,000. Institutional investors own 10.90% of the company’s stock.

Insider Activity at Flotek Industries

In other news, Director Matthew Wilks purchased 1,319,493 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average cost of $26.01 per share, with a total value of $34,320,012.93. Following the acquisition, the director owned 1,477,285 shares in the company, valued at approximately $38,424,182.85. This trade represents a 836.22% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Profrac Gdm, Llc sold 2,306,806 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $26.01, for a total value 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 trade represents a 38.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.40% of the stock is currently owned by corporate insiders.

Flotek Industries Company Profile

Flotek Industries, Inc is a technology-driven company that develops chemistry and data solutions for the energy and industrial markets. Its offerings are designed to help customers improve operational performance, manage environmental impacts and use resources more efficiently.

Through its Chemistry Technologies business, Flotek provides proprietary green chemistry products for oil and natural gas exploration and production, industrial water treatment and other industrial applications.